The jobs offering the biggest pay rises have been revealed, with some Aussie workers receiving a 6.2 per cent wage boost when starting a new job.
According to the SEEK data, advertised salaries on the platform increased by 4 per cent, year on year, and 0.4 per cent, month on month, in October.
SEEK senior economist Matt Cowgill said advertised salary growth was “treading water” and still lagged behind inflation.
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“Although advertised salary growth remains solid, it’s not keeping up with the cost of living. It’s also not continuing to accelerate," Cowgill said.
The latest Wage Price Index showed wages were growing at an annual rate of 3.1 per cent, far behind the official rate of inflation at 7.3 per cent.
Jobs with the biggest wage growth
SEEK has revealed the industries with the biggest growth in advertised salaries for the year ending October 2022:
Trades and services - 6.2 per cent
Administration and office support - 5.6 per cent
Design and architecture - 5.5 per cent
Manufacturing, transport and logistics - 5.4 per cent
Insurance and superannuation - 4.8 per cent
Construction - 4.7 per cent
ICT - 4.6 per cent
Call centre and customer service - 4.6 per cent
Mining, resources and energy - 4.6 per cent
Accounting - 4.2 per cent
Engineering - 4.0 per cent
Hospitality and tourism - 4.0 per cent
Retail and consumer products - 3.8 per cent
Real estate and property - 3.8 per cent
The public service sector was the only industry that experienced a decline in advertised wages, year on year, with salaries going backwards by 1.5 per cent.
The latest Wage Price Index revealed that public sector wages were growing at half the rate of private sector wages. For the September quarter, the public sector rose 0.6 per cent, while the private sector rose 1.2 per cent.