Aussies are getting paid more, albeit not by enough, but some industries are getting bigger pay bumps than others.
In fact, some industries are advertising jobs with salaries as much as 9.2 per cent higher than they were last year, according to data from SEEK.
“Advertised salary growth remains solid. After a few months of softer growth, it has now ticked up slightly higher in July,” SEEK senior economist Matt Cowgill said.
“The Fair Work Commission’s decision to raise award wages by 5.75% was likely a contributing factor here – but it’s notable that the most award-reliant industries, such as hospitality and tourism, didn’t see particularly strong growth.”
So, which industries are getting the biggest (or the smallest) pay bumps?
Jobs with the biggest pay increases
The trades and services industry continues to go from strength to strength, recording advertised salary growth of 5.9 per cent over the year to July.
This is the most rapid growth of the larger industries, followed by retail and consumer products (up 5.5 per cent) and construction (up 5.4 per cent).
Some smaller industries also recorded faster growth – insurance and superannuation saw advertised salaries up 9.2 per cent and community services and development saw advertised salaries up 6.7 per cent. But smaller industries could be more volatile, SEEK data found.
Jobs with the smallest pay increases
The slowest growth was recorded in government (up just 0.9 per cent, year on year), continuing a trend of slow public sector growth.
Advertised salary growth was also modest in the information and communication technology (ICT) industry, at just 1.8 per cent in the year to July.
This reflected ongoing sluggish demand for labour in ICT, with job advertisements down 35 per cent, year on year.