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December 11, 2022

Australia To Increase Salaries of Skilled Workers

Australia To Increase Salaries of Skilled Workers

In this blog we’ll be discussing the increased salaries of skilled workers in Australia.

The Australian Government has announced a new update regarding the increase in the salaries of skilled workers.

The positive aspect for Australian workers is that the skilled and available labour shortages have resulted in higher salaries.

Managing Director of Hays Australia, Nick Deligiannis, stated that high competition in the field of skilled professionals results in a rapid increase in salaries across the board.

As per the Hays Salary Guide data, up to 88% of the employees have the chance to get an increase in their salaries compared to last year, which was just 67%.

Besides the increase in costs for businesses in Australia by this trend, growth in the employees’ salaries will also increase their disposable incomes resulting in the consumer’s confidence to sustain.

During the recent job summit arranged by the Australian Prime Minister Anthony Albanese, increasing wages was the highlighted point of the discussion. It has been acknowledged by all parties who have failed to keep up the salaries in recent years due to inflation.

An increase in salaries will surely be great news for all workers and policymakers.

This is the end of today’s blog update. We hope you found this blog useful. Please don’t forget to support us by subscribing to our newsletter and sharing this blog with your friends and family on Facebook, Whatsapp, and Twitter.

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