Hays Salary Guide FY23/24 shows that skills shortages are entrenched in the Australian and New Zealand labour markets and these unshakeable deficiencies continue to intensify in many industries.
Despite increases in skilled migration, emerging technologies and an uncertain economic environment, almost nine in ten employers are experiencing a skills shortage now.
As competition stays high in this tight market, 95 per cent of employers are looking to increase salaries and 46 per cent are increasing their headcounts. It presents an attractive situation for jobseekers or those looking to progress their careers.
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95%
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46%
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of employers plan to increase salaries
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of employers will be increasing headcounts this year |
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4 in 5
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88%
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say it's reasonable to expect pay rises to keep up with inflation
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of employers are experiencing skills shortages |
The Hays Salary Checker provides you with quick access to salaries for your specific job role in your location. Covering thousands of jobs in 28 different industries and sectors, and further customised geographically by 11 different regions across Australia. Our Australian salary comparison tool provides instant insights on pay and salary benchmarking for your exact job and location.
The Hays Salary Guide FY23/24 offers market insights and workforce trends based on data from more than 14,000 respondents across Australia and New Zealand. It gives you the ability to easily check salary data, including salary ranges for any given job title as well as market insights and emerging workforce trends to empower you to make smarter, more informed decisions for better talent strategies and career progression.
Average salaries fluctuate heavily depending on the exact job title or industry, and whether your salary is good depends on the cost of living in your area. However, $90,000 AUD is above the median Australian salary. You can use the Hays Salary Checker to check your salary against others in your industry.
In 2023, the average salary in Australia is between $65,000 - $80,000 depending on your state [1]. The best location for a higher salary is New South Wales, with an average of $80,000, while the state with the lowest average salary is Tasmania at $65,000. The other states and territories rest between these points.
[1] https://www.abs.gov.au/statistics/labour/earnings-and-working-conditions/average-weekly-earnings-australia/latest-release
