POLL: Will you ask for a pay rise in the next year?
Sixty-six per cent of employers will give their staff a pay rise of up to three per cent in their next review, with a further 22 per cent set to award between three and six per cent.
But according to the annual Hays Salary Guide, released today (Thursday 1st June), five per cent of employers will not increase salaries at all. At the other end of the scale, seven per cent will increase salaries by more than six per cent.
Both these figures represent a slight drop over the last 12 months, from 10 per cent and 11 per cent respectively, suggesting employers, as a group, are bringing their salary intentions into line.
The Hays Salary Guide is based on a survey of more than 500 organisations in New Zealand, representing almost 187,000 employees, as well as placements made by the recruiter. It shows that employers have a positive outlook yet remain cautious when it comes to salaries.
“Employers tell us they expect business activity to rise and plan to increase permanent and temporary headcount, yet they remain cautious on the salary front,” says Jason Walker, Managing Director of Hays in New Zealand.
“At the same time, candidates are aware of the improved economy and the job opportunities out there and are actively seeking a new role. Add snowballing skill shortages and such sedate salary rises seem at odds with the trends.”