2018 Salary Guide
2018 salaries and contract rates across the range of disciplines for professionals and sectors we recruit for.
The Morgan McKinley 2018 Salary Guide covers salary trends and hiring insights over the past 12 months, and forecasts for the current year across Strategy & Innovation, Accounting & Finance, Risk & Compliance, Government and IT & Business Transformation in Australia.
“While 2017 has presented uncertainty on a global scale, demand for candidates in Australia continues to grow. Increased visa complexities have led to fewer offshore immigrants, increasing competition for talent. With fewer candidates moving to Australia, industries with the largest talent shortages may begin to see upward pressure on salaries.”- says Louise Langridge, Joint Managing Director, Morgan McKinley Australia.
“Clients are becoming increasingly conscious of inclusion and diversity. While men still continue to hold most senior level positions, most industries are seeing more applications for senior roles from female candidates. Companies are seeing the need for more diverse senior leadership teams to increase effectiveness within both the market and the workforce.”
“While salaries are relatively stationary, candidates are displaying more flexibility around salary expectations in exchange for the right culture and organisation. Companies are also offering other benefits such as company paid maternity and paternity leave, company laptops and phones, and additional leave.”
The 2018 Salary Guide includes the following disciplines. Click below on your discipline to receive each full guide directly to your inbox.
- For the most part, salaries have remained flat, although ongoing talent shortages and visa changes are likely to have an impact - particularly for government roles and data analytics, DevOps, data security and big data skill sets.
- While further education and qualifications are highly regarded, reputation and quality of work continue to be the main contributors when it comes to salary increases and promotion.
- IT skills are in demand across many industries, particularly key skills such as cloud-based technology, cybersecurity, and data analytics. There is a considerable shortage of candidates in these areas, with financial services companies and banks needing to respond to regulatory requirements from APRA.
- Professionals who demonstrate expertise within their field will have more room to negotiate as competition for strong candidates remains high.
- Many industries are seeing an increase in technical testing. This ranges from data sets with key questions to numeric, verbal, and psychometric testing- particularly in the IT space.