Here are the Australian tech and finance jobs getting the best pay raises in 2018
- 98% of Australian CFOs plan to give 23% of their staff a 9% pay rise in 2018.
- And 97% of CIOs say they will give 21% of their IT staff an average 8% raise.
- IT employers, battling a skills shortage, offer competitive wages to keep top talent.
Finance and IT jobs stand out in Australia for a decent pay rise in 2018, according to analysis by recruiters Robert Half.
Most (97%) Australian CIOs plan to give an average 21% pay rise to their IT staff.
The average increase is expected to be 8%, well above the national percentage of wage price growth of 2%.
IT employers, battling a skills shortage, offer competitive wages to keep top talent.
The Robert Half 2018 salary guide shows that 82% of CIOs find it more difficult to recruit qualified IT professionals than it was five years ago.
The following computer positions are sought:
- Cyber ââSecurity Specialist ($ 100,000 – $ 155,000)
- Fullstack Net Developer ($ 75,250 to $ 102,500)
- Cloud Engineer ($ 90,000 to $ 140,000)
And these are the factors that help to get a raise:
âIn a market characterized by low wage growth, companies that do not regularly review their employees’ compensation risk losing their best employees to competition, which is especially true for IT professionals because jobs in the industry IT is growing, âsays Andrew Morris, director of Robert Half Australia.
âIn this booming market, IT professionals with niche skills find themselves in high demand and are more likely to look to higher paying positions. “
The study also shows that the majority (98%) of Australian CFOs plan to give an average increase to 23% of their staff this year.
The average increase should be 9%.
And again, almost all (99%) of Australian CFOs struggle to find qualified finance professionals.
The roles requested are:
- Senior Financial Accountants ($ 97,500 to $ 126,250)
- Business analysts ($ 82,250 to $ 117,500)
- CFOs ($ 103,750 to $ 155,000)
Top five areas of finance and accounting where turnover is above average:
Andrew Brushfield, director of Robert Half Australia, said employers in the financial sector should view benchmarking wages against industry standards as an investment in the future of their business rather than an unwarranted expense.
âAwarding a competitive salary to staff has tangible results in any organization’s bottom line through uninterrupted productivity and a positive reputation as an employer of choice, not to mention lower costs when it comes to hiring. new employees, âsays Brushfield.
âHowever, in order to attract and retain the workforce of tomorrow, companies need to diversify their compensation offerings to focus on more than just pay, which can include tailored talent management programs and flexibility.
âThis is especially true for millennial workers, for whom the chance to work for an innovative company, professional development and interesting and varied work are also key incentives. ”
The annual study is developed by Robert Half and was conducted in June-July 2017 by an independent research firm, with 160 CIOs / CTOs from companies across Australia. Another 1,000 office workers were surveyed across Australia in December 2017, with results segmented by age, gender and location.