Fat Chance of a Fat Pay Rise - Report
Monday, 5th October 2015 at 10:22 am
More than 55 per cent of Australian workers expect a pay rise in the next year year, but less than half of them have actually received one in the last 12 months, according to a new report.
A survey of 1,015 employed Australians by research firm Pureprofile, found that pay rise expectations have outpaced the number of Australians who actually received a pay rise in the past 12 months, across all age groups.
Commissioned by Airtasker, an online marketplace for people and businesses to outsource tasks, the second Future of Work report found that the number of Australian workers using online platforms such as Uber and AirBnB to earn extra money has doubled since January.
The findings come after Productivity Commission chairman Peter Harris warned that growth in wages could slow to half the rate of the past 50 years.
Airtasker co-founder and CEO, Tim Fung, said 83.4 per cent of respondents also strongly agreed or moderately agreed that “the traditional employment model of the '9 to 5' office job is inflexible for workers in 2015 and into the future”.
"More and more workers are turning to sharing economy platforms to remedy diminishing hours, slower wage growth, or simply to take charge of their work-life balance and become their own boss,” Fung said.
"Specifically, this study shows that there is still a strong desire among Australians to earn extra money through traditional work channels.
"However, we've also unearthed a mismatch in expectations with pay rises that we expect to grow as technology continues to evolve the way we work.”