none

ONE FIFTH OF AUSTRALIANS PREPARED TO SWITCH JOBS FOR BETTER PAY

27-05-2016
by 
in 

19 percent of Australian workers say that they would look for another job if they were unsuccessful in applying for a raise, and 46 percent are planning on asking for a raise within the year.

Luckily, being denied a pay increase isn’t a tremendously likely scenario: in many industries, Australian employers are recognizing the value of skilled labor, especially in the information and technology sector.

A study by Robert Half has found that the workers most likely to feel entitled to a pay rise are younger, with Generation X and Y being the most likely to ask. More than half are willing to push, often saying their salary has not evolved with their duties and responsibilities.

One in ten say a pay increase is needed to cover basic living expenses, which is a concern in major Australian cities. The cost of renting or purchasing a home has escalated in recent years, leaving many younger professionals feeling pressured.

Amongst other options, a common alternative sees almost a third of people denied raises responding with requests for alternative compensation, such as a move to a more responsible (and higher paid) position, more benefits, or more flexible working hours.

Another third are simply likely to wait, and ask again at the next performance review. What they are not likely to do is simply accept the refusal without question (luckily, only 3% of respondents said they’d complain to co-workers or friends).

Both employers and employees understand the value of skill in the workplace, and agree that a combination of monetary and situational compensation is an appropriate motivator. The key to negotiation (from both sides) is to remain professional and reflect on your position, and the situation of the opposing party. 

Related news & editorials

  1. 08.01.2019
    08.01.2019
    by      In
    Despite having finished 2018 with one of the most positive outlooks in the last 7 years, employers across the manufacturing sector are reporting a more cautious outlook for recruitment in Q1 2019, according to ManpowerGroup.
    The ManpowerGroup Employment Outlook Survey collects data from more than... Read More
  2. 08.01.2019
    08.01.2019
    by      In
    The two-year-plus “bull run” of the Ai Group’s Performance of Manufacturing Index came to an end in December, with the overall Australian PMI figure slipping below 50 for the first time since October 2016. The index fell 1.8 points to 49.5 in December, a result described by Ai Group Chief Executive... Read More
  3. 03.12.2018
    03.12.2018
    by      In
    Australian manufacturing continues to grow, according to the Ai Group’s latest Performance of Manufacturing Index, but the figures show some worrying signs. The Australian PMI for November 2018 remained in positive territory at 51.3, but at a full seven points below the previous month, this is the... Read More
  4. 20.11.2018
    20.11.2018
    by      In
    All Australian states and territories recorded an increase in gross state product in 2017-18, according to the latest figures from the Australian Bureau of Statistics. The ACT, Victoria, Queensland and Tasmania exceeded the national gross domestic product growth rate of 2.8%, while New South Wales... Read More