Tag: Wage Growth

It was cost-of-living pressures and in particular, wage increases, that were front and centre in the final leaders’ debate.

As the country faces simultaneous reports of labour shortages, job shortages and inflationary pressure, what will wages look like in 2022? 

In the minutes of the Monetary Policy Meeting of the Reserve Bank Board, held on October 5th, Board members express uncertainty about Australia’s wage growth over the coming months. When comparing Australia’s wage inflation to other developed countries, members noted that reports of labour shortages caused by COVID-19 had not yet impacted wages. The minutes […]

Interest rates are expected to stay on hold with quarterly wage growth easing in the December quarter, seasonally adjusted. With total hourly rates of pay, excluding bonuses, rising just 0.6 percent. Coming in under the market forecast of 0.8 percent. The wage price index rose 2.9 per cent from a year earlier in Australian Bureau […]

Wage growth pressure is rising, and small businesses wage increases have climbed from five percent to 5.2 percent in the last year. And encouragingly, staff turnover has seen a small drop from 13.6 percent to 12.7 percent, found the Australian Institute of Management’s (AIM) National Salary Survey 2008. “Small companies are continuing to find it […]