HR professionals can expect a salary increase this year, according to the latest salary data from a leading consultancy firm.
According to the 2012 Hays Salary Guide:
- 46% of employers increased HR salaries last year by between 3-6%
- 10% of employees enjoyed increases of more than 10%
- 35% received less than a 3% increase
- An unlikely 9% received no increase at all
- 42% of employers intend to increase salaries by the same range at the next pay review
- HR professionals in the mining and resources sector will receive the biggest increases.
But perhaps don't head for the closest BMW dealer just yet. There are unlikely to be any dramatic improvements to the global economic outlook, and so there is no silver bullet on the horizon to wait for, Lisa Morris, regional director of Hays Human Resources said. “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,” Morris commented.
Accordingly, forward-thinking employers and candidates are going ahead with their hiring or career plans. “It’s also why employers are increasing salaries, albeit moderately,” Morris said.
According to the new report, the mining and resources industry will continue to stand out as the sector with the cash – more than 50% of employers increased salaries by between 3-6%, while 20% offered raises above 6%. Western Australia, Queensland and the Northern Territory are firmly in the express lanes of Australia’s economy and there is no denying that the surging staffing needs of organisations involved in Australia’s resources boom have driven the jobs market forward over the past year.
However, employers involved in Australia’s resources boom are not the only ones hiring. Despite negative headlines, the reality is that organisations are hiring and specialist HR professionals remain in short supply.
“In greatest demand are Change Managers and Organisational Development specialists given the large volume of mergers and acquisitions. As with many M&A’s, harmonisation of policies and procedures is a focal point for HR and has created a need for Industrial and Employee Relations specialists,” the report said. Additionally there is also a continued demand for HR specialists.
Western Australia and Queensland have experienced high demand for candidates across the board due to the prevalence of the mining industry. The ACT has experienced an increased need for specialist WHS professionals to join the Federal Government due to the new legislative changes and the harmonisation laws. HR Generalists are particularly in demand in the Northern Territory due to growth and an increase in private sector businesses in the area.
Another trend has been the increased use of fixed-term contractors due to headcount and budgetary constraints in New South Wales, Victoria, ACT and South Australia. Western Australia and Queensland also have a larger number of fixed-term contract roles due to the project nature of the mining industry.
Yet many organisations want to retain quality talent and consistency in their HR teams and therefore permanent recruitment activity has continued, albeit at a lower rate.
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