Should You Ask for a Pay Rise This Summer?
Mark Smith • December 13, 2015
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.
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In business since 2002 in Australia, NZ, and the United Kingdom, people2people is an award-winning recruitment agency with people at our heart. With over 12 offices, we specialise in accounting and finance, business support, education, executive, government, HR, legal, marketing and digital, property, sales, supply chain, and technology sectors. As the proud recipients of the 2024 Outstanding Large Agency and Excellence in Candidate Care Awards, we are dedicated to helping businesses achieve success through a people-first approach.
