Workers will have to temper expectations around pay rises as research reveals a gulf between what employers are prepared to offer and what employees want.
and sluggish wage growth, with the survey finding that less than a third of employees were satisfied with their current salary.and NSW Health staff a $3000 one-off payment.Labour and skills shortages were forcing employers to offer higher salaries than they had otherwise planned, said Hays Australia and New Zealand managing director Nick Deligiannis.
“We’ve had border closures, so there’s a limitation on skills coming into the country, so you’re fishing from a local pool of talent rather than an expanded pool.”More than half of employers believe opening international borders will ease workforce shortages but will not solve the problem, although a quarter doubt it will help, the survey of more than 4400 organisations found.
“The implications of sticking to their budgets is that you are either uncompetitive in the market or you will lose staff because people are moving for higher salaries,” he said. Uncompetitive salaries were the top reason for job searches, ranking above a lack of promotional opportunities and poor management or culture, the research found.
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