A survey has found that the majority of Australia employees are perhaps a little too optimistic when it comes to salary expectations.
Robert Walters’ recent Employee Insights Survey of over 400 Australian professionals found that nationally, 77 percent of workers expect to receive a salary increase once the market recovers.
The survey found that workers in NSW were the most optimistic with 84 percent expecting a pay rise, while Victorians had the lowest expectations at 69 percent.
On the opposite side of the scale, respondents were asked if their employers had implemented a ‘no pay rise’ policy during the downturn, with 54 percent of employers refraining from granting salary increases, while 46 percent allowed it.
James Nicholson, managing director of Robert Walters, Australia said that workers had to be realistic about their salary expectations.
“Workers need to ensure they are realistic when it comes to salary expectations in the current climate. Whilst market sentiment is improving, it will take some time yet for businesses to rebuild and for the economy to gather momentum to where it once was.”
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