Connecting...

Career

Should You Ask for a Pay Rise This Summer?

W1siziisijiwmtgvmdivmtkvmduvmtuvndqvoda2l01hcmstu21pdggtcghvdg8uanbnil0swyjwiiwidgh1bwiilcixmdb4mtawiyjdxq

by Mark Smith

over 2 years ago

W1siziisijiwmtcvmdyvmdyvmdqvmzcvmjavmzy5l2fzay1wyxktcmlzzs1taw4uanbnil0swyjwiiwidgh1bwiilci5odb4ntgwiyjdxq

Is now the time to ask for a pay rise? I share my insights into the current job market and what it means for your career:


Video transcript: Hi there. My name's Mark Smith. I'm the Managing Director of people2people. It's Christmas time 2015. Should you ask for a pay rise this Christmas? Well, actually, Australian wage growth stayed stuck at the slowest pace it's been in the last 17 years in this last quarter – so it's probably not a good time – and it's been slowing since 2008. Indeed, the GFC was not a good time. It did bounce back, but it's been on a trend line backwards, and it's now at about 1.5% expected growth. But here's the rub: Australian employment growth has been at 2.7% increase in the last quarter. That's great. America was at 2%, and they've been crowing about that over the last few weeks. So the real question is: should you ask for a pay rise this Christmas? Well, that's probably a question for another vlog, so I'll see you next week.

In this article:

SUBSCRIBE TO
MARKET UPDATES

Have employment, career, recruitment and job hunting advice sent straight to your inbox. Subscribe now and you’ll never miss an update.

Thank you for subscribing to the people2people newsletter!