Australian Institute Of Management - QLD & NT

Australian Institute Of Management - QLD & NT
Australian Institute Of Management - QLD & NT
Non-profit Organization-SPRING HILL, QLD
Non-Profit Organization-Spring Hill, QLD
Results revealed from AIM's National Salary Survey for 2015 Publication Date: 7 May 2015 Six in ten employees leaving an organisation are moving sideways into a similar role and more than..
Cnr Boundary & Rosa St, Spring Hill, Qld, 4004.
Cnr Boundary & Rosa St, Spring Hill, Qld, 4004.
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Results revealed from AIM's National Salary Survey for 2015 Publication Date: 7 May 2015 Six in ten employees leaving an organisation are moving sideways into a similar role and more than four out of ten employees say the reason they leave an organisation is about money. They're some of the findings in this year's AIM National Salary Survey, now in its 51st year. The survey is based on the responses of more than 557 organisations across Australia, covering more than 25,000 employees and 282 job roles.

Six in ten employees leaving an organisation are moving sideways into a similar role and more than four out of ten employees say the reason they leave an organisation is about money.

They're some of the findings in this year's AIM National Salary Survey, now in its 51st year. The survey is based on the responses of more than 557 organisations across Australia, covering more than 25,000 employees and 282 job roles.

In the 2015 survey, the average salary movement is +3.4%, which is lower than the +3.6% recorded in 2014 and the lowest since 2003. There was an increase in some sectors, such as IT and business and professional services.

Employers do not expect the situation to improve, forecasting the average salary to drop a further 0.2 percentage points (pp) next year to +3.2%.

Acting CEO of AIM Group, Tony Gleeson, said wavering business confidence and a tighter labour market means organisations have their hands tied when it comes to pay rises, and organisations need to be more creative to retain employees. 

“Lower pay movements across the board should not be the reason why organisations are losing their employees,” Mr Gleeson said.

“Employers need to be creative when looking for ways to keep their people. When you consider how expensive losing employees can be, along with the loss of corporate knowledge and disruption to clients and employees, this should be a real focus for organisations in the year ahead,” he said.

While there has been an increase in the number of organisations offering flexible work arrangements, this year's survey highlights that fewer organisations offered variable rewards schemes to employees across all job levels.

“Bonus schemes, profit sharing, performance or project-based pay are types of variable schemes that are low-risk options with a huge upside for employees and productivity overall,” Mr Gleeson said.

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