Transport operators expect to increase salaries this year as improving economy leads to higher wage claims
May 31, 2010
Almost half of transport and distribution employers expect to increase salaries next financial year as an improving economy leads to higher wage claims.
The annual Hays Salary Guide, to be released tomorrow, says 43 percent of employers expect to increase salaries by between three and six percent. According to the study, another six percent of employers expect to increase salaries by six percent.
Hays Senior Regional Director Tim James says employers had more control last year over salaries because workers were focused on job security.
“Today however quality candidates are in a much stronger position than they were a year ago,” James says.
“As a result, salaries will start to creep up over the next 12 months.”
As well as gauging the likelihood of wage increases, the Hays Salary Guide looks at recruiting trends in the warehouse and distribution sector and the transport and supply chain industries.
It tips a marked increase in hiring intentions, with 45 percent of employers expecting to increase their number of permanent staff compared to 21 percent last year.
Another 22 percent of employers will increase their use of contractors, compared to 14 percent last year.
The findings come as 67 percent of employers believe the economy will improve over the next year, compared to six percent last year.
“While Australia’s logistics market is yet to fully recover from the global financial crisis, it is rallying and positives can be found in the increasing freight volumes and new business growth evident across all sectors,” James says.