Australia - Industries offering the strongest salaries


Although wage growth is slow nationwide, new data indicates that some industries are offering increasingly competitive salary packages to fill vacancies, My Business reports.

The research comes from the national recruitment firm Robert Half. They examined the industries giving employees and candidates the best opportunity to negotiate their salary packages.

IT and technology

The technology sector is reportedly experiencing the biggest evolution and the changes bring increased wage expectations.

The survey’s results show a wage growth of 3.3 per cent among IT professionals, against the national average of 2.3 per cent.

The rise of the “gig economy” through new technology is altering the employment landscape and the demand for highly skilled overseas workers continues.

Cybersecurity roles continue to be in great demand. To keep up with new technologies, ongoing upskilling is necessary for both permanent and temporary IT professionals.

Finance and accounting

Strong growth combined with a smaller talent pool, in the financial sector, offers employees greater negotiating powers.

Robert Half found that professionals previously employed at the big four accounting firms: PwC, EY, KPMG or Deloitte were attractive to larger employers. With such experience prompting above-average salary packages.

In the financial industry around 80 per cent of workers would be likely to consider extra non-salary benefits from employers who cannot meet their salary expectations.

Administration and office support

The market is short of admin and office support candidates so employers are looking for candidates in an ever more limited pool of experienced professionals.

The research found that, in order to attract and keep quality admin professionals, employers are offering above-average salaries. To encourage workers to serve out their full contract, a number are also offering bonus incentives.

Attractive non-salary benefits

Robert Half found that workers are more likely to accept a lower base salary if there are additional non-salary benefits on offer:

  • 84 per cent would accept reduced pay for flexible hours and/or the chance to work from home or remote working
  • 60 per cent would accept reduced base pay for wellbeing and health programs
  • 60 per cent would accept reduced base pay for bonuses
  • 58 per cent would accept reduced base pay for paid parental leave, long-service recognition or increased holiday allowance
  • 56 per cent would accept reduced base pay for a company-paid mobile phone

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