Vast majority expect a pay rise
Employees in the fields of accounting and finance as well as banking were the most confident of receiving a pay increase this year or in early 2011, according to Robert Walters’ Employee Insights Survey.
The survey revealed that 86 per cent of professionals from accounting and finance expected a raise, of whom two-thirds were hopeful it would be up to 5 per cent of their current base salary.
Only 12 per cent of professionals thought their raise would be as high as 20 per cent.
The managing director of Robert Walters Australia, James Nicholson, said the majority of employers plan to give pay increases at the end of the year, but noted that employees can expect their performance to come under increased scrutiny due to companies operating on limited budgets.
“Those employees who do not meet expectations will not receive pay increases, enabling employers to reward their best performers,” Nicholson said.
Robert Walters’ survey also revealed that two-thirds of people employed in the financial services industry would consider moving jobs if they do not receive a pay increase in 2010 or early 2011.
AUTHOR
Milana Pokrajac
Recommended for you
While the August financial advice exam saw a lower pass rate of 62 per cent compared with 70 per cent in previous sittings, this expert believes it’s for a positive reason.
With the FY24 reporting season behind us, five major financial advice licensees are looking to achieve growth either through inorganic activity or internal expansion.
An alleged involvement with an insurance claims business has led the Federal Court to vary the orders of a banned adviser to add the threat of jail time.
The investment platform has announced several improvements, enabling advisers to create more bespoke solutions for clients as well as further exclusion options.
