Australian HR recruitment trends – H1 2023 (Jan-Jun)
The Frazer Jones Australia remuneration and hiring trends looks at the Australian HR jobs market by tracking time to hire and salary movements across the month. We are pleased to present our insights for H1 2023.
At the end of 2022 there was an upward trend in salary increases at all levels with entry-level seeing the biggest averages of 7% for permanent roles and 15% for contract roles. In a labour short market, the salary increases in the contract market are not surprising. In the permanent market we saw the range of movement go from -30% to +50% and just when we thought things might ease, the opposite happened.
In the first half of 2023 the range in the permanent market has increased to -32% to +84%. This was a larger range than anticipated. The +84% increase was at entry level (1-year experience) where they had been underpaid and moved to a role that had the budget to pay above market rates. For Senior roles we have seen a minor increase in the first half of 2023 compared to little to no increases last year. The senior contracting market has seen people taking a pay drop to gain things such as flexibility.
Overall, time-to-hire figures have come down by around 20% in the permanent market but increased in the contracting market where there is still a significant lack of people able or willing to take on shorter-term projects/covers.
For more details on recent recruitment trends in Australia or to discuss your company’s search and recruitment needs, please contact Angela Franks or a member of the Frazer Jones team.
