Based on external business conditions, the industry you work in and the role you do, what is the likelihood of you receiving a salary increase this year.

Australia faces a skills shortage at a level unmatched in our 46 years in recruitment in this market. This year’s newly released Hays Salary Guide shows that 91% of surveyed employers are experiencing a skills shortage. More than four in five (83%) say it will impact the effective operation or growth plans of their organisation, up from 64% last year.

Over the past year, employers have become increasingly aware of the impact of skill shortages and the resulting attraction challenges. Find out more here.

You may be expecting a salary increase in your next review, but achieving what you think you’re worth is not always possible.  Our Hays Salary Guide FY23/24 shows that almost seven in ten (67%) employers plan to offer pay rises in the year ahead. But over half will give increases of less than 3%.