International recruitment specialist has warned that the Australian workforce can expect a moderate salary increase this financial year in the face of an increasingly difficult marketplace.

 

Hays Managing Director in Australia and New Zealand warned that that there is no swift dramatic upswing in global economic conditions, and therefore people should prepare for stagnate salary growth.

 

“Current conditions are here to stay for some time, so the sooner we can adapt business practices to meet the requirements of this – the ‘new normal’ – rather than waiting for a dramatic reversal to the global market to set us on a more secure road, the more effective we’ll all be,” Mr Deligiannis said.

 

“That’s why forward-thinking employers and candidates are going ahead with their hiring or career plans. It’s also why employers are increasing salaries, albeit moderately.”

 

The two major findings in the report were:

  • 46 per cent of employers increased salaries last year between three and six per cent;
  • 42 per cent of employers intend to increase salaries between three and six per cent when they next review; 

 

The 2012 Hays Salary Guide reveals salary and recruiting trends for well over one thousand roles across 14 locations in Australia and New Zealand, and was based on a survey of over 1,500 employers as well as placements made by Hays.

 

The guide can be found here