You are here
Salary Guide 2020
Download Australia Salary Guide 2020
Talent Trends 2021 is coming soon
Employers will be equipped with insights on winning the race for talent as well as building a resilient and agile workforce. The themes will include: top talent salary expectations, average job offer to top talent within your industry, future work strategies, talent attraction and retention strategies, etc.
The Michael Page Salary Benchmark is our annual salary guide developed as a reference for hiring managers and job seekers to make informed employment decisions in Australia. The guide benchmarks the salaries of various job functions across different sectors, including Finance & Accounting, Technology, as well as Marketing. Leveraging data from Michael Page’s proprietary data and network, the guide provides precious insights to hiring trends and market sentiments in the Asia-Pacific region.
Besides median wages, an additional section, titled “What is the Australia workforce thinking”, will delve into the specifics of what Millennials and Generation X are thinking with regard to work, including topics like:
Average salary increase when changing jobs*
|Construction||5 - 10|
|Digital||5 - 10|
|Engineering & Manufacturing||5 - 10|
|Finance & Accounting||5 - 10|
|Financial Services||10 - 15|
|Human Resources||2 - 10|
|Legal||5 - 10|
|Marketing||5 - 10|
|Mining, Energy & Resources||5 - 10|
|Procurement, Supply Chain & Logistics||5 - 8|
|Property||5 - 15|
|Sales||5 - 10|
|Technology||5 - 10|
* Data is derived from July 2018 to June 2019, and is validated against insights from our leaders’ and consultants’ interactions with clients and candidates.
How can the report benefit you?
- Understand factors that attract and retain talent
- Project reasonable talent cost based on hiring forecast
- Discover top reasons for resignation
- Find out potential roles to upskill for
- Cite informed salary expectations when switching jobs
- Discover trending skills for your job function
Australia Salary Benchmark 2020: How to lead Australia's companies into the future
One of the best parts of recruitment is watching inspirational leaders in motion. As we launch Australia’s new Salary Benchmark 2020, now is the perfect moment to reflect on what we at PageGroup learn each day from the best leaders around us.
As our Federal Government reminds us, key trends are impacting all of Australia’s 12.6 million employees. Mega trends, such as the growth in computing power, connectivity, data volumes and AI, are impacting our employment markets and organisational structures. Australia can anticipate greater entrepreneurship levels, divergent demographics and continuing growth of the service sector. These factors combine to create a truly dynamic national picture.
One factor that hasn’t changed? The critical importance of leadership to winning and retaining top talent. Research underlines that in talent management, effective leadership is more difficult yet more crucial than ever. Engagement spikes for leaders who are authentic, hold others accountable, lead with integrity and show empathy. And given that leading candidates typically have two to three offers to consider, top hirers display a pitch mentality for their crucial interviews — working in advance to speed up and streamline their hiring process. Moving decisively is often the difference between first and last.
Salary and leadership aside, what do top talent profiles seek from your team? Just as in a sports team, employees want evidence that your company culture supports excellence in the way it plays fair and reinforces shared values. Find a culture that fits you, and you will invest your best working years to build value to the company.
Having hired your team, the crucial part is seeing them grow and thrive. Critical to hiring and retaining today’s best profiles is committing to their learning and development. Top talent profiles will often request a development map during the interview process — knowing how important that learning will be to remaining fit-for-purpose in the world of work. Get this right, and you will not only have a great hire, you will likely have a future leader as well.