Wages inflation on the cards as jobs growth continues
The vast majority of employers are reviewing salary levels this year as the labour market begins to tighten, according to the latest Michael Page Employment Index.
Some 88% of employers surveyed are conducting salary reviews during the 2010 calendar year, following limited movement in salary levels across the private sector last year.
In a continuing trend of jobs growth, 32% of companies expected to increase staff levels in May, with only 6% anticipating a decrease. Of the companies hiring new staff in May, 78% are doing so on a full-time basis. The majority are recruiting for front line roles in revenue generating functions such as sales and account management.
In a trend that is likely to strengthen over coming months, back office recruitment accelerated in May with increased demand for accounting and marketing staff. Support functions are being expanded in a second wave of hiring activity which is following the initial focus on front line staff.
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Media Contacts
Jason Hemens Marcus Sandmann
Corporate Communications Manager, Head of Marketing,
Asia Pacific Asia Pacific
t: 02 8292 2094 t: 02 8292 2112
e:jasonhemens@michaelpage.com.au e:marcussandmann@michaelpage.com.au
