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Advertised salaries across Australia on the rise

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Advertised salaries across Australia on the rise

Despite a job slowdown and tightening market conditions, salaries across Australia are actually on the rise for the year.

SEEK has released its biannual salary figures and found that despite the slowdown in advertised job ads, the average advertised salary across the country is up by 3.5 per cent.

Job ads have slowed, with a decrease of 6.5 per cent, but salaries have risen from $83,277 in May last year to an average of $86,222.

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The five industries contributing the most to growth were the mining, resources and energy sector; construction; consulting and strategy; engineering; and information and communication technology.

Each of these industries is reporting an average salary of upwards of $108k, and within the industries, architects and managements made the most, with salaries ranging from $130,302 up to $142,196.

Western Australia perhaps surprisingly saw the biggest salary growth of 5.3 per cent, followed by the Northern Territory with growth of 3.9 per cent and the ACT with 3.8 per cent.

NSW had the second biggest advertised salary after an increase of 3.6 per cent, taking it to $88,171; while Tasmania, despite a 3.9 per cent boost, had the lowest advertised salary of $75,637.

South Australia had the lowest growth with only 2.3 per cent, but areas in the state like Yorke Peninsula and Clare Valley saw an 8.8 per cent increase in advertised salaries.

Other regional areas that experienced a boom were the Queensland regions of Mackay and Coalfields with a 7 per cent increase and Broome in WA with a 10.8 per cent increase.

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SEEK ANZ’s managing director, Kendra Banks, said these areas are heavily populated with mining towns and that had contributed to the salary growth.

“We have seen a consistent rise in salary across the resources industry, with mining contributing to both salary and job growth over the past three and a half years,” she said.

Despite efforts to create equality, a gender imbalance still existed, with a 14.1 per cent pay gap, with the biggest discrepancy seen in the ACT where on average men applied for roles that were nearly $6,000 more than roles women applied for.

The gap was followed by South Australia with a 3.4 per cent gap, Tasmania with 3 per cent and Victoria with 2 per cent.

“One of the reasons we feel that this gap exists in roles applied for on SEEK is that women tend to deter from roles which detail a long skill set requirement,” Ms Banks said.

Ms Banks said candidates should take the reins and discuss salary, as their data found that women rarely negotiated or asked for a pay rise.

“Unsurprisingly, salary is a taboo subject for many and discussed infrequently in the workplace,” she said.

“In a recent SEEK report, 26 per cent of women were dissatisfied with their current salary and only one in four had ever negotiated or asked for a pay rise.”

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Advertised salaries across Australia on the rise
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