Marketing directors, CFOs and investment consultants can expect a big pay rise next year, as Aussie workers face a “salary stand-off” with employers struggling to keep up with inflation.
A new survey by recruitment firm Robert Walters found four in five professionals (78 per cent) would look for a new job elsewhere if they had to take a “real” pay cut - where their salary increase did not match inflation.
A whopping 97 per cent of job candidates said a “fair” pay rise would need to either match or surpass inflation, the survey of around 1,500 respondents found.
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Despite this, more than half (56 per cent) of employers said they didn’t expect to offer pay rises above inflation over the next 12 months.
It comes as the Australian Bureau of Statistics prepares to release its monthly inflation figures today. The annual inflation rate hit 7.3 per cent over the year to September, while wages lagged behind and grew 3.1 per cent.
Which jobs are offering the biggest pay rises?
Mid-tier accounting directors could expect the biggest pay rises next year, Robert Walters found, with an increase of 36.4 per cent, bringing the role’s salary range to between $200,000 and $250,000.
Marketing directors could also expect a sizable bump, with a 33.3 per cent rise forecast, taking the role’s salary range to between $250,000 and $300,000.
Here are the 10 jobs getting the biggest pay rises next year:
Mid-tier accounting director - 36.4 per cent
Marketing director - 33.3 per cent
Wealth management associate - 29.4 per cent
Chief financial officer (ASX listed company) - 28.3 per cent
HR business partner - 27.3 per cent
Office manager - 22.6 per cent
Investment consultant (asset management) - 19.0 per cent
IT security analyst - 18.6 per cent
Supply chain officer - 14.7 per cent
Data architect (business intelligence) - 10.3 per cent
Some roles were expected to go backwards, Robert Walters said. The worst hit would be remuneration managers (-3.7 per cent) and in-house legal counsels (-1.4 per cent).