These Are The Aussie Jobs With The Biggest Salary Growth This Year
A new employment report shows the number of job ads has dramatically dropped in recent times, while essential industries are those enjoying the greatest pay rises over the last year.
Employment ad site SEEK has shared its latest Employment Report, saying the average advertised salary for jobs it hosted was up 2.4 percent year-on-year.
Jobs advertised in South Australia had the highest salary growth, up 4.6 percent between July 2018 and July 2019. Tasmanian jobs were up 3.7 percent, Victoria by 2.8 percent, the Northern Territory by 2.6 percent and NSW by 2.4 percent.
Western Australian jobs had the highest average advertised salary, at $91,347. NSW was next, at a tick over $90,000, with the Australian Capital Territory, Victoria and the Northern Territory not far behind. Tasmania, despite having the second-highest salary growth, had the lowest average advertised salary at $78,475.
Nationwide, average advertised salaries were up 2.4 percent to $88,209.
SEEK reported that the industries with the best salary growth were:
- Hospitality and Tourism, up four percent;
- Manufacturing, Transport and Logistics, up 5.3 percent;
- Trades and Services, up 4.1 percent;
- Construction, up 3.2 percent
The Reserve Bank of Australia reports that, over the same period, inflation rose by 1.6 percent.
Looking at advertised vacant positions, ads on SEEK dropped nearly eight percent between July 2018 and 2019, but some industries actually reported a big increase in jobs on offer. The Community Services and Development sector had 10.3 percent more job ads than last year, while Education and Training jobs were up 9.8 percent.
There were 7.1 percent more jobs advertised in Science and Technology, and five percent more in Healthcare and Medical.
The number of total jobs on offer dropped in every state and territory, except one -- the ACT, where advertised positions jumped by 12.2 percent. In NSW, job advertisements went down 12.5 percent, were down nearly nine percent in Victoria, and 7.4 percent in the NT. All other states had more modest drops.
"On SEEK we have started to see a small increase in job advertised in July (+0.2 percent), ACT especially has seen a surge (+12.2 percent year on year) due to the high proportion of well-performing public sectors roles available across the state," Kendra Banks, Managing Director of SEEK ANZ said.
SEEK pointed out an "interesting" trend of more jobs in real estate.
"We’ve seen the property and real estate industry suffer over the last twelve months, but have seen a seven percent rise in jobs ads across July," Banks said.
"This could be due to the recent increase in house prices across Sydney and Melbourne with more people now selling property, a pick-up in new loan lending and rise in auction clearance rates."
READ MORE: Are We A Bunch Of Job Snobs?
The jobs that saw the biggest nosedives in advertised positions included Design and Architecture (down a whopping 25 percent), Advertising Arts and Media (17.2 percent drop), and Retail and Consumer Products (16.3 percent).
Despite recording one of the better salary growth figures, the Construction sector had the third-biggest drop in job ads, with 16.5 percent fewer jobs advertised in 2019 than 2018.