Morgan McKinley Australia Salary Guide 2017

Morgan McKinley Australia Salary Guide 2017

Tara Clancy 14.03.2017

The Morgan McKinley 2017 Salary Guide covers salary trends and hiring insights over the past 12 months and forecasts for the current year across Accounting & Finance, IT & Business Transformation, Risk & Compliance and Strategy & Innovation in Australia.

View the findings from each discipline;

 

“Although we have seen a lot of uncertainty in the world economy in 2016 in response to Brexit and more recently Trump, demand has remained strong for strategically important capabilities that will allow organisations to grow. That being said there is certainly a level of conservatism in the market which has lead to a tightly controlled cost environment in many quarters so there is no real surprise that for more traditional role types salaries remained relatively flat in 2016.” 

“Where we have seen increased spikes in salaries is in areas where demand has outstripped supply. The Big Data space highlights this trend as organisations have looked to increase capability and have had to compete for key talent.“

“We have also seen a shift in job growth being fuelled by the SME and startup markets in 2016 often competing for top talent and being able to offer individuals a more entrepreneurial and flexible working environment. We would expect this to continue in 2017 as large corporates continue to drive efficiency and automation reducing overall job growth in this area.” - says Louise Langridge, Joint Managing Director, Morgan McKinley Australia

Key Highlights

  • Overall salaries have remained flat across traditional role types in 2016
  • We have seen a positive increase in salaries in niche areas such as analytics, digital, agile and innovation as organisations look to bring in core capabilities to deliver business growth.
  • The increased pressure from the SME and startup community is firing multinationals and globals into action
  • We see a continued demand for specialists who can communicate effectively outside their core discipline to engage the business. 
  • Change and transformation projects are continuing to drive recruitment across a multitude of industries, specialisms and companies
  • New regulatory requirements continue to affect  the financial services sector and all subsequent recruitment with regards to risk and compliance
  • The push towards cost-efficiencies and process improvements continues as organisations move towards increased automation and the use of robotics. 
  • Hiring freezes and bonus cuts have finally been released across high-earning businesses
  • Businesses are striving for improved gender balance at leadership levels but progress has been slow

Need more information?

 If you need any additional information on our Salary Guide please contact your local office.

Tara Clancy's picture
Senior Marketing Executive
tclancy@morganmckinley.com.au