Over the next 12 months we can expect increased pressures on pricing for domestic Australian accounting employees. At the moment, the Australian Bureau of statistics has the November 2021 Full-time adult average weekly total earnings at just under $2,000, with specific higher demand industries being above average. The Australian accounting news sources are already reporting large salaries being offered to …
Australian Accounting Firms Are Likely to Pay 20% More for New Hires
A few years ago, a full-time worker who switched jobs saw an average of 5 per cent pay rise, according to some research carried out by the Reserve Bank of Australia. This is no longer the case. In mid-2021, workers who changed jobs received higher pay of 8 to 10 per cent, according to single-touch payroll data. There have even …
Accounting Firm Owners to Fight Labour Shortage and Wage Growth
Despite earlier pressures and projections, wage growth in Australia has remained moderate, according to the RBA (Reserve Bank of Australia). To be more explicit, wage growth in the public sector was slow. Though there were some good signs in the private sector, the growth had only improved to about its pre-pandemic level. This has a direct impact on three parties. …
Wage Growth and How It’s Going To Affect SMEs
During this past week, the new South-East visa scheme was announced as part of the UK-Australia free trade agreement. The idea behind this agreement is to allow workers from South-East Asia countries to come to Australia to help out farmers with harvesting due to the shortfall of workers. Meanwhile, UK backpackers will no longer be required to carry out 88 …