Pay rates increase despite falling turnover

By Nukte O · 4 September 2008 · Locked

Wage Growth Surges Amid Falling Turnover

Small businesses are bucking the trend with a surprise wage increase, but what's behind the shift? Could this be a game-changer for the industry?

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Summary

Wage growth pressure is rising, and small businesses wage increases have climbed from five percent to 5.2 percent in the last year. And encouragingly, staff turnover has seen a small drop from 13.6 percent to 12.7 percent, found the Australian Institute of Management’s (AIM) National Salary Survey 2008. “Small companies are continuing to find it […]

Tags: Increasing Pay Rates, Staff, Wage Growth, Wage Pressure