News dalla rete ITA

5 Novembre 2021

Australia

SALARIES JUMP 20PC+ TO LURE SKILLED EXECS

Companies are offering 20 per cent-plus pay rises to snap up investment bankers, lawyers, marketing executives, accountants, construction managers and sustainability and risk specialists amid a professional skills shortage that is spreading far beyond the IT sector. Recruitment experts report a “remarkable” level of demand for specialists in data analytics, cyber security, artificial intelligence and robotics, forcing companies to offer salary increases of between 25 per cent and 30 per cent to attract talent. Australia’s closed international borders and a reluctance by some executives to move interstate, as well as a boom in infrastructure and construction, soaring merger and acquisition activity and a generally strong business environment have led to a surge in demand for skills. In addition to more money, executives were increasingly demanding more flexible working arrangements, said Vivianne Arnold, chief marketing officer at recruitment specialist Hudson. “They are now asking for flexibility, or additional leave etcetera, to maintain the lifestyle and the work/life balance the pandemic has provided. A few years ago, this was really unheard of at the director level,” Ms Arnold said. “It is certainly a candidate’s market.” David Jones, the senior managing director of Robert Half Asia Pacific, said candidates in areas such as finance and accounting, technology, banking and HR were frequently netting double-digit increases when they changed companies. “Pretty much everyone is getting 10 per cent [pay increase] if you move company,” Mr Jones said. Pay rises could be as high as 25 per cent for candidates with highly specialised skills in tech, finance and accounting and who landed a promotion when moving from one business to another, he said. David Jones, senior managing director at Robert Half, says candidates who move companies will earn a bigger pay rise than those who stay. “Where you’re seeing those increases north of 20 per cent it is normally because you have a certain skill, which is very niche, in high demand, or more frequently, you’re moving and you’re moving up a level,” Mr Jones said. Mr Johnson and Ms Arnold both predicted 2022 would be busy for recruiters, arguing many employees were ready to move companies as pandemic-induced lockdowns ended. “The ‘great resignation wave’ has hit the US. Now it is in Singapore. My prediction is that it will hit Australia in February,” Ms Arnold said. Mr Johnson said: “2022 is going to be a really dynamic market.” Mr Jones expects the shortage of talent caused by Australia’s prolonged border closures will persist well into 2022, as skilled migration slowly ramps up. (ICE SYDNEY)


Fonte notizia: AFR