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. 09.10.2018
    09.10.2018
    by      In
    Integrated Office Solutions has an intriguing proposition for any company (manufacturing or otherwise) that is experiencing difficulties recruiting and retaining staff in roles that are not location dependant. Why not outsource the roles or set up a team in a country where skills are plentiful and... Read More
  2. 08.10.2018
    08.10.2018
    by      In
    The latest SME Growth Index from Scottish Pacific reveals that more businesses are in growth mode than at any time since March 2016. However, manufacturing SMEs are more negative about revenue growth. Just 46% of the manufacturing SMEs (with turnovers from $1 million to $20 million) are expecting... Read More
  3. 02.10.2018
    02.10.2018
    by      In
    Australia’s manufacturing sector has capped off a 24th consecutive month of growth with the Ai Group’s Australian PMI increasing to 59.0 in September. With all areas of activity continuing to grow and the new orders subindex reaching a six-month high of 62.6, the overall growth shows no signs of... Read More
  4. 07.09.2018
    07.09.2018
    by      In
    Fifteen companies from Victoria and South Australia have been named as recipients of almost $19 million worth of grants under the second and final phase of the government’s Advanced Manufacturing Growth Fund.
    The $47.5 million fund was set up in the 2017-18 Budget as part of a $100 million package... Read More