Angling for a pay bump this year?
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The cost-of-living crisis may be biting but new LinkedIn research shows Australians are feeling more optimistic about their finances.?
LinkedIn’s Australian Workforce Confidence Index showed surveyed professionals were more likely to agree they had the confidence to improve their financial situation compared with last quarter. Confidence in career progression was also on the rise.?
The research also found 53% of Australian employees said they received a pay increase in the past year. Yet only 40% expect one in the next six months, and 23% expect to be promoted this year.??
Fractional change leader Friska Wirya tells LinkedIn it’s more important to rely on intrinsic factors like meaningful work, growth opportunities and a positive culture than pay increases.?
“Companies can still keep morale high sans bonuses and raises. You just need to think creatively,” she said.?
“Try flexibility over cash — provide flexible work arrangements like compressed workweeks or unlimited paid time off, empowering them to manage their time and priorities.”
Read her post here and follow here for more insights.?
Leadership coach Sleiman “Slayman” Abou-Hamdan said that while businesses may not be in a position to offer pay raises, they could offer online learning or other perks.?
“People thrive when they're given the chance to learn and grow,” he told LinkedIn. “Offering opportunities for skill-building and career advancement is a major win.”? ?
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Read his full post here and follow him for more details.?
LinkedIn research showed Australian workers planned to improve their skills this year, with 60% planning online study and a further 38% intending to study in a classroom setting.?
Inclusive teams expert ??Gloria Tabi reminds pay is a small part of what makes a company desirable. ?
“It isn’t about pay or status that retains your top talent,” she writes on LinkedIn. “It is an inclusive workplace that values people’s contributions ... Because an inclusive environment creates a positive work culture that is a powerful magnet for talent.”? ?
Read her full post here?and follow her for more.
Are you expecting a pay increase this year? Share your thoughts in the comments below.??
Data by LinkedIn's Economic Graph
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8 个月What about
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9 个月Go get another job if it comes your way especially when youre already in a dead end job. There is no opportunity to advance that pay bracket.
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9 个月Asking for a raise outside of the recruitment cycle can be challenging. However, it always pays to itemise your work achievements and "what's in me for it" (meaning, what more you have to offer to your role and employer). Good luck with that! Thanks for sharing.