Salary Survey reveals pay rises across the board
29 May 2023 at 5:00 pm
Seeking higher remuneration is a major driving force for those seeking new roles.
The for-purpose sector has experienced a significant jump in remuneration this year, with professionals at many levels recording a lift in their pay.
That’s according to the latest edition of Pro Bono Australia’s annual Salary Survey, produced in conjunction with PwC Australia and NGO Recruitment.
It’s the highest jump in remuneration across multiple roles that has been seen in the sector since Pro Bono Australia began the survey more than a decade ago.
The lift in salaries across the sector comes as Australia continues to experience high inflation, with concerns across communities about the impact of the rising cost of living.
According to the latest release from the Australian Bureau of Statistics, annual wages growth is currently at 3.7 per cent, the highest since September 2012. In the public sector, this wage growth is hovering around three per cent; in the private sector, it’s currently at around 3.8 per cent.
Which salaries are rising?
Now in its 11th year, the 2023 Salary Survey garnered responses for 2245 professionals from across the for-purpose sector, many provided by HR professionals within the social sector.
The rise in salaries impacts professionals at all levels. Across more than 200 cases at CEO level, the Salary Survey reveals a significant rise in salaries of more than 10 per cent. The sector with the highest average salary excluding incentives was the research/medical sector, followed by aged and community care.
And the trend continues in other roles throughout the for-purpose sector, according to the Salary Survey data.
This has implications for those doing the hiring, with survey results indicating that “more competitive remuneration offers” was the number one reason given for switching jobs over the past 12 months.
With the cost of living still rising and inflation at high levels, it seems staff making moves are doing so to seek financial comfort and wellbeing.
However, close to half (40.95 per cent) of respondents reported being “very unlikely” to leave their current role this year, in a sign that the so-called ‘great resignation’ may be over for the for-purpose sector.
