Top Talent Flight Risk

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28th July 2010, 12:34pm - Views: 751





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Top talent flight risk

Key Survey Findings


40% of white collar employers will be raising salaries in the next six months


The majority of salary increases will be between 2% and 4%


Most increases

are planned for back office support roles in areas such as accounting,

marketing, human resources and technology



Sydney, 28

July

2010: Despite improving

business conditions

most salary increases over the next six

months are likely to be moderate, according to a survey conducted by global recruitment firm Michael Page

International.

The Michael Page Salary and Employment Forecast, which incorporates the responses of over 800 senior

managers from Australia’s corporate sector, reveals that 40 per cent of the white collar employers surveyed

will be increasing salaries in the second half of 2010. However, nearly two-thirds of the

planned salary

increases will be between 2 per cent and 4 per cent.

“Managing talent during an economic recovery is a delicate balancing act. While most employers are aware

they risk losing top performers if salaries are not increased, they have to consider their capacity to absorb

escalating payroll costs during the early stages of an upturn,” said Phillip Guest, Regional Managing Director

of Michael Page Australia and New Zealand.

Over the next six months, the majority of salary reviews will occur in support functions such as accounting,

human resources, marketing and technology.

“Staff retention will become more of an issue as employment opportunities increase over the next 12 months.

Forward thinking companies will take the time to identify and reward people with the skills needed to drive

their business forward,” Mr Guest said.

“Some employees will not be satisfied with the pay rises on offer over coming months. Others are already

considering new career opportunities in an improving labour market. Employers need to respond to these

issues with targeted investment in the skills that align most closely with their business strategy,” Mr Guest

said.


Ends



Michael Page International is a leading professional recruitment consultancy specialising in the recruitment of permanent, contract and

temporary positions on behalf of the world’s top employers. The Group operates through 136 offices in 28 countries worldwide.


For media inquiries:

Jason Hemens

Corporate Communications Manager, Asia Pacific

Phone: 02 8292 2094

Email: jasonhemens@michaelpage.com.au








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