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2020 Australia Salary Guide

The Morgan McKinley 2020 Salary Guide outlines permanent salaries and contract rates for professional roles in Australia, as well as the most in demand skills and prominent market trends.

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Why download our salary guide?

Latest Salaries

Our detailed salary tables allow job seekers to recognise their worth by benchmarking their current remuneration against industry standards. The tables are also useful for employers as they give an accurate idea of what they should be paying their employees.

Top Skills

While each industry and sector has its own checklist of required skills for the role, the one skill that appears to be at the top of every hiring manager’s list is “the ability to communicate what is happening in your area, and deliver the key insights to stakeholders”. Candidates that possess a combination of strong technical skills and the ability to partner with the business are ‘hot property’ in today’s hiring market.

Market Trends

We saw it all in 2019 and it is safe to say that the year will go down as “the one that we didn’t see coming” - the release of the Royal Commission findings, changes to IFRS 9, a State election and a Federal election.

Australia Salary Guide 2020

The Morgan McKinley 2020 Salary Guide is a comprehensive resource that covers the latest remuneration and recruitment insights and salary figures from the past 12 months. In this guide, we will cover the following disciplines: Strategy & Innovation, Analytics, Accounting & Finance, IT, Risk & Compliance, Government and IT & Business Transformation in Australia.

Our guide is beneficial for both employers and job seekers as it outlines the expected salary averages for roles within specific sectors. It also provides insights on what the expert teams at Morgan McKinley foresee happening in their industries over the coming year.

We saw it all in 2019 and it is safe to say that the year will go down as “the one that we didn’t see coming” - the release of the Royal Commission findings, changes to IFRS 9, a State election and a Federal election.

The Royal Commission not only tipped the finance sector on its head, but significant ripples were felt throughout the wider Australian economy. It wasn’t all bad news, however, the demand for regulatory, risk, remediation and compliance professionals peaked significantly across both permanent and contract roles, as organisations rearranged their budgets and shifted their focus. The State and Federal elections also caused the economy to push the “pause” and “rearrange” buttons, but only for a short time.

We have seen great strides in many of the clients we partner with in creating equality and diversity across their teams, with the number of females being employed by our clients on the rise. However, we are aware that we still have a long way to go in terms of moving the dial, particularly in the more male-dominated areas of project management, data analytics and technology.

2019 once again highlighted that the power of choice had indeed shifted to the job seeker. We saw professionals looking for roles in sectors outside of their expertise and experience to further broaden their skillsets. We predict that this candidate-driven trend and the competition across key role types will cause hiring managers to consider talent from a diverse background in 2020.

On the flipside, while each industry and sector has its own checklist of required skills for the role, the one skill that appears to be at the top of every hiring manager’s list is “the ability to communicate what is happening in your area, and deliver the key insights to stakeholders”. Candidates that possess a combination of strong technical skills and the ability to partner with the business are ‘hot property’ in today’s hiring market.

In this VUCA world that we are now all operating in, there is a business imperative to continuously adapt & evolve. To allow organisations to do this it is critical that they bring in individuals with a more agile way or working and the ability to work across cross-functional teams to enable the business to be competitive.

In saying all that, the need for extra benefits from candidates is not going away anytime soon. Organisations across the board will still need to continue to incorporate employee benefits such as flexible working arrangements and competitive parental leave, both of which are starting to become the norm across the market. Some organisations have started to take the “points of differentiation” game to a whole new level, with onsite all-day catering and childcare services being examples of ways that organisations aim to attract and retain the best talent.

Technology continues to shake up the market, evolving at a faster rate than ever before, meaning that systems and infrastructure are becoming outdated much more quickly. Automation was a hot buzzword in 2019, and will no doubt become a key aspect of the workplace of 2020 and beyond.

Data continues to be “the world’s most valuable resource”, as recognised by industry leaders across the board. More and more organisations are incorporating data into the overall business unit. However, those that can streamline the process between data acquisition and data strategy for commercial outcomes and customer satisfaction will be the ones that come out on top.

The year finished on a positive note and there is plenty of momentum to be gained as we start the new year and new decade! We are excited to see what 2020 and beyond will bring!

With up-to-date market insight, employment trends and relevant commentary from our specialist recruitment consultants and discipline directors, we hope that you find our Salary Guide valuable throughout 2020. Please do not hesitate to contact our expert consultants who will be more than happy to assist you with your hiring and career needs.

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