Salaries for jobs advertised on Seek have jumped 4.1 per cent as employers compete harder for new workers.
Salaries for jobs advertised on online hiring platform Seek surged 4.1 per cent in July compared to a year earlier, adding to wide-ranging evidence that wages are picking up strongly in the second half of the year.
Advertised salaries for designers and architects jumped 7.3 per cent to an average of almost $90,000 over the last 12 months, while information and communication technology pay rose 6.2 per cent to an average of $130,000 annually. Advertised salaries grew across all states and industries in the 12 months to July 2022, with the lift in advertised salaries likely to precede a broader increase in wages growth across the economy.
While Seek’s ASI and the ABS wage price index were on a similar trajectory before the pandemic, Mr Cowgill noted the advertised salaries tended to fluctuate more than the ABS wages measure.“If you think through from the perspective of an employer, you’re much more able to adjust salary – in both directions – that you are offering for new starters than you are to adjust the wages for existing staff,” Mr Cowgill said.
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