Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Confidence has returned but don’t expect a big pay hike

Confidence has returned but don’t expect a big pay hike
64% of employers gave a salary increase of less than 3% in their last review;
79% of employers expect business activity to increase.

Unless you are in a high demand role the average salary increase is forecast to be less than 3% in New Zealand, with cost pressure putting the breaks on more generous pay hikes for the year ahead, according to the 2014 Hays Salary Guide.

The Guide, out today, reveals salary and recruiting trends for over 1,000 roles in Auckland, Christchurch and Wellington. It is based on a survey of over 433 New Zealand employers as well as placements made by Hays.

It found that a massive 69% of employers plan salary increases of less than 3% when they next review, while 64% gave increases of less than 3% in their last review.

There are few instances of generous salary increases; just 6% of employers increased salaries by more than 6% in their last review, and only 4% intend to do so in their next review.

But 4% have no plans to increase salaries at all. Meanwhile 8% did not award any increases in their last review.

“New Zealand is gearing for growth and employers have thrown aside the ‘cautious’ optimism of last year and replaced it with unfettered certainty for a positive year ahead,” says Jason Walker, Managing Director of Hays in New Zealand.

“In the year that was, most employers said business activity had increased and over one quarter saw staff turnover rise. During this time, employers watched the talent pool deplete and skills shortages deepen.

“Despite this, salaries remain fairly stable. But there are always exceptions, and in this case we have seen higher increases for those who are already in extreme demand.

“In general though, most salary increases were less than 3% and were more conservative than they have been in the past,” said Jason.

In other key findings, 80% of employers in New Zealand see a more positive economic outlook on the horizon. 79% expect their levels of business activity to increase in the year ahead, and 70% have already seen an increase in business activity over the 12 months prior to the survey.

When asked about permanent headcount over the next 12 months, 44% of employers say it will increase, 47% say it will remain the same and 9% will make decreases. Of those employers planning to hire, 85% say the roles will be full-time.

Get your copy of the 2014 Hays Salary Guide by visiting, contacting your local Hays office or downloading The Hays Salary Guide 2014 iPhone app from iTunes.

Hays, the world’s leading recruiting experts in qualified, professional and skilled people.

- Ends -

© Scoop Media

Business Headlines | Sci-Tech Headlines


Trade & Retail: Chinese Disaster Spells Quiet Season For NZ Fireworks Sales

In August, two massive explosions at a warehouse at the port in the port of Tianjin, Northern China, killing more than a hundred people and devastating large areas of the city. In the wake of the disaster, Chinese authorities rushed to regulate the distribution of all dangerous goods... More>>



Oceans: NOAA Declares Third Ever Global Coral Bleaching Event

As record ocean temperatures cause widespread coral bleaching across Hawaii, NOAA scientists confirm the same stressful conditions are expanding to the Caribbean and may last into the new year, prompting the declaration of the third global coral bleaching event ever on record. More>>

Scoop Business: A Decade Of Government Pre-Seed Investment

More publicly-funded science is being commercialised after a decade of government ‘pre-see’d investment, according to an independent review. More>>


Solid Energy: Plan To Shut Unprofitable Huntly East Mine

Solid Energy, the state-owned coal miner in voluntary administration, plans to shut down its unprofitable Huntly East mine and lay off 65 staff after deciding the site stands "no chance whatsoever" of finding a buyer. More>>


E Tū: Merger Creates NZ's Biggest Private Sector Union

E tū has been created by the merger of the Engineering, Printing and Manufacturing Union and Service and Food Workers’ Union. It represents more than 50,000 working New Zealanders in industries as diverse as aviation, construction, journalism, food manufacturing, mining and cleaning. More>>


Internet: NZ Govt Lifts Target Speeds For Rural Broadband

The government has lifted its expectations on faster broadband speeds for rural New Zealand as it targets increased spending on research and development in the country's information and communications technology sector, which it sees as a key driver for export growth. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news