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 Q2 2023.
We are continuing to see salary increases for junior to mid-level HR roles. We have also seen a number of cases where HR professionals with 1-2 years’ experience who haven’t changed roles are seeking and securing a sizeable salary increase (up to 40%). In stark contrast, we have seen salaries decrease in the senior market but this is largely due to personal choices around a change in level of role or other factors such as flexibility and hybrid working being the priority. This is a change from Q1 where we had only seen increases in the senior market.
For time to hire on permanent roles we have seen timing reduce from 8 weeks in Q1 to 4 weeks in Q2. The reduction was seen across all levels of roles where the competitive market has encouraged organisations to ensure their recruitment process is as efficient as possible. In contrast, the time to hire for Fixed Term Contracts has doubled and we put this down to clients giving us more notice on their needs and the fact that the contract market is still tight on immediately available talent. Whilst we are hearing about redundancies, those people are active in the permanent market.