New research has revealed Australians working in technology, infrastructure and corporate governance sectors as those most likely to enjoy double digital wage growth in 2017.
The findings form part of Robert Walters annual Salary Survey that reveals New South Wales based senior IT professionals are poised to be the wage winners of 2017 thanks to strong demand for specialist top talent.
Robert Walters, Managing Director ANZ, James Nicholson said, “Overall, the recruitment market across Australia was more buoyant than expected in 2016, particularly in the areas of technology, corporate governance and infrastructure which should continue throughout 2017.
Technology advances to enable and fast track productivity gains, regulatory pressures within the financial services sector together with the $50 billion worth of investment committed by Australia’s national and state governments are the main drivers for salary growth.
Human resources, sales and business support are the three sectors most likely to miss out in 2017 thanks to oversupply.
The podium finishes for wage growth in 2017 are expected to be those in IT jobs in NSW, digital marketing roles in Victoria and infrastructure roles in Queensland.
New South Wales is expected to have the lion’s share of wage winners in 2017, with half of the top ten hottest salaries coming from the strong IT, finance and business sectors. Queensland has two (infrastructure and business support) thanks to public sector spend while Victoria has one.
‘Better bonuses’ but ‘subdued salaries’ are just some of the expectations from Australia’s 12 million strong workforce . 69% believe they will receive a salary increase (down 2% on last year) while 49% think that they will get a bonus (up 4%).
And for those considering moving into a different role in 2017 you are not alone.
“56% of Australian professionals will be looking to move jobs this year. Of those only 28% will change jobs for a better salary. Career progression, flexible working conditions and cultural fit will be the major non-financial reasons jobseekers will be looking to move jobs in 2017,” said Mr Nicholson.
To request a free copy of the 2017 Salary Survey please click here.
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