Salary Trends Report - Introduction

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Information about Salary Trends Report - Introduction
Business & Mgmt

Published on March 12, 2014

Author: juliankeys



Introducing the Salary Trends report, published three time a year with data on salary trends in the health and community services sector in Western Australia.

INTRODUCING... Salary Trends provides comprehensive and insightful data on remuneration trends in the health and community services sectors in Western Australia. Published three times a year in March, May and September. • The March edition provides useful salary data and trend forecasts to assist employers to set annual pay increases for executives and other employees on common law employment contracts. • The May edition gives a summary of any Federal Budget changes impacting on pay, fringe benefits or superannuation. • The September edition provides a half yearly update on key remuneration data and a summary of annual online salary surveys for corporate service roles. Julian Keys has been providing remuneration and management consulting services in Western Australia for 19 years, including 8 years as Managing Director of STeP Salary Packaging. Connect with and follow Julian on LinkedIn, or Twitter @SalaryOne and @JK_Ideas. TREND$SALARY CONTENT INCLUDES: • Consumer Price Index • Average Weekly Earnings Index • Wage Price Index • SEEK Salary Snapshot • FairWork decisions • Enterprise Agreement Pay Rises • Other Remuneration Trends – pay, fringe benefits, superannuation • Online salary surveys published by recruitment firms All the key salary data for health and community services in one document, emailed to you in PDF. PAY ONLY $440 for an annual subscription (3 editions) + GST

Complete the subscription form and email to 12 months subscription for Salary Trends report (3 editions) Price: $440 plus GST = $484 Pay by bank transfer to Imeka Pty Ltd  BSB 086-420  Account 89-733-0978 SUBSCRIBE NOW NAME ORGANISATION EMAIL PHONE The publication is protected in accordance with provisions of the Copyright Act. It must not be transmitted or distributed to other organisations, members or persons without the written permission of Imeka Pty Ltd (trading as SalaryOne). REMUNERATION & MANAGEMENT CONSULTANTS SALARY TRENDS STATE / WA  INDUSTRY / HEALTH & COMMUNITY SERVICES 33 $0 $20,000 $40,000 $60,000 $80,000 $100,000 $120,000 -15% -25% 15% 5% -5% 10% 0% -10% -20% Mining & Resources Engineering Healthcare & Medical Government & Defence Accounting Education & Training Community Services Customer Service & Call Centres Office & Administration Dec - 13Sept - 13 Annual Increase 2013 State VS Nation Comparison Industry Comparison 20.5%EDUCATION HEALTH & MEDICAL 2.4% MINING 14.4% COMMUNITY SERVICES 13.2%Every job listed on is required to specify a minimum and maximum salary range. This table shows median salaries in September and December 2013 for advertised vacancies, and the annualised percentage change. Community Services salaries increased 13.2% while Mining jobs fell 14.4%, Education jobs fell 20.5% and Healthcare & Medical jobs fell 2.4%. SEEK SALARY SNAPSHOT The Wage Price Index in WA fell from an annual average of 4.8% in June 2012 to 3.4% in June 2013. The national average dropped to 2.9% from 3.7% the previous year. 1 Health & SocialMining Education ConstructionFinance All ProfessionalAdmin Linear (All) The trend line for the Wage Price Index for selected industries is down, with marked reductions in mining and other industries. The health care and social assistance sector bucked the trend with 3.4% increase over 12 months compared to 2.6% in the previous year. 2 1. (Ref: ABS, Cat 6345.0, original series, total hourly rates of pay excluding bonuses) 2. (Ref: ABS, Cat 6345.0, original series, total hourly rates of pay excluding bonuses) AUSTRALIA WA 4.8% 3.4% 3.7% 2.9% ANNUAL CHANGE % ANNUAL CHANGE % 2.0 2.5 5.5 4.5 3.5 5.0 4.0 3.0 2011 2012 WAGE PRICE INDEX(JUNE) ISSUE 1 / FEB 2014ISSUE 1 / FEB 2014 SALARY TRENDS STATE / WA  INDUSTRY / HEALTH & COMMUNITY SERVICES 22 In May 2013, AWE in WA were $1,64 6 a week , 16% highe r than the national avera ge of $1,42 2 a week . WA has been 10% or more above the national AWE for the past three years . The CPI index for the year to December 2013 was 2.9% for Perth and 2.6% nationally. This was highe r than 2012 but the 5 year trend line is down .(Ref: ABS, Cat 6401.0, all groups season ally adjuste d) (Ref: ABS, Cat 6302.0, trend series, full time, ordinar y time)ea rnings) CONSUMER PRICE INDEX EXECUTIVE SUMMARY AVERAGE WEEKLY EARNINGS INDEX National National Perth WA Linea r (Perth) Variance 2011 2008 2009 2010 2013 2013 0.0% 0.0% 1.0% 5.0% 2.0% 10.0% 3.0% 15.0% 4.0% 20.0% 2008 2009 2010 2011 2013 2013 $1,00 0 $1,20 0 $1,40 0 $1,60 0 $1,80 0 • The forecast for the next 6 m onths is for annual pay increases in the range 2.5% to 3.0%. • CPI for Perth and nationally has been in the range 2.1% to 3.0% for the past 4 years. • Average full time wages in WA continue to trend 10% - 15% above the national average. After a strong increase in the wage price index in 2012, selected industries all recorded under 3.5% growth in the year to June 2013. • Median salaries for advertised vacancies on SEEK between Septem ber and December 2013 increased for Com munity Services, Adm inistration and Accounting; but fell for Mining, Engineering, Education and Customer Service. • Enterprise agreements in the health and comm unity services sector in 2013 were in the range 3.0% to 4.0%. In at least one case, the increase was higher to meet the Equal Remuneration Order. ISSUE 1 / FE B 201 4 TREND$ SALARY ISSUE 1 / FEB 2014 STATE / WA  INDUSTRY / HEALTH & COMMUNITY SERVICES ADDING VALUE TO PAY & BENEFITS Imeka Pty Ltd (ABN 74 138 044 774) trading as SalaryOne  PO Box 405, Floreat WA 6014

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