More logistics professionals will receive a pay rise this year than last, but it might be less significant than they hoped for, according to a new survey.
60 per cent of logistics employers will increase salaries in their next review, up from 41 per cent last year.
The FY 2021-22 Hays Salary Guide, based on a survey of close to 3500 organisations, highlights only four per cent of workers will be awarded a pay rise above three per cent.
The report found that a lack of promotional opportunities, lack of new challenges, and job security concerns are leading 86 per cent of supply chain and logistics workers to look for a new job.
Tim James, Managing Director of Hays Logistics, says the value of salary increases is driving a wedge between employers and employees.
“On the one hand, we have six in ten logistics employers intending to increase salaries in the year ahead, which is a remarkable sign of the confidence employers exhibit today. On the other, professionals say the value of these increases is far less than they deserve,” Tim says.
Several indicators in the salary guide suggest Australia’s recruitment market has almost recovered to pre-pandemic levels.
Almost three-quarters of employers say permanent staffing levels are either above or equal to their pre-COVID-19 point.