#SalaryTrends #JobMarket #Workplace #Compensation
Hey everyone! 👋 Have you noticed that salaries seem to have dropped this year? I’ve been seeing a lot of new job postings with lower salaries (5-20k less) compared to previous years. And to make matters worse, it seems like there are double the number of candidates vying for these roles. 😅
I’m curious to hear your thoughts on this. Do you think salaries are actually decreasing, or is it just a perception? And most importantly, what can we do about it to ensure we’re still being fairly compensated for our work?
Here are a few possible solutions that come to mind – feel free to add your own ideas! 💡
– Negotiate for higher pay during the hiring process
– Consider additional certifications or skills training to make yourself stand out
– Research industry salary trends to ensure you’re not being lowballed
Let’s start a discussion and see how we can navigate this changing job market together! 💬✨
Supply v demand? Aleast in IT, it’s been stagnant due to competition
Advertising a few roles and my experience is that salary expectations are a bit lower. Awash in candidates, and only 1 in 100 is a realistic application.
Also, I was unprepared for the absolute sea of chat-gpt generated cover letters. Yuck.
When applying for roles, both contracting and full time, I definitely had a feeling that salaries are lower than they were when I was applying last year.
But then again I got offered more than I expected for the single role that made me an offer, so I can’t really complain
Yep. My accountant friend ended up accepting a low salary as it was the best she could get this year.
with people getting made redundant and needing workers employers are using it to their advantage to exploit skilled workers. Im on $74k but i see similar to my roles advertised on the likes of seek and TM for $55, would i apply for these roles? absolutely not… would i if i was made redundant and needed a job? yes
Yes, salarys have been stagnant or dropping a bit for a while, immigration and recession are the main causes
Yes. I was lead candidate for a role, thue were not keen on my asking salary and went no further, a month later they list a position, this time it was a graduate/entry position, my assumption was they can most likely hitlre someone overqualified at a entry level salary as those people are in market hunting for jobs and will accept what ever terms to simply hold a job. Most industries I suspect are the same or moving towards this, the days of musical chairs and salary band jumping are bebind us.
The tide will swing back though as it seems there is a mini exodus of skilled labour exiting Nz
All the cuts/people being made redundant leads to more competition and allows companies to pay less.
If this anecdotal observation is true, i guess it means that we are on track with reducing inflation?
In Corrections, Police, Nurses, Social Workers they are all went up and will continue to go higher.
In saying that these jobs are highly stressing for the things you do and for the money you get.
Spoke to a recruiter last week and they said that salaries and day rates are dropping.
More qualified candidates are taking roles that they are over qualified for.
Lots of people applying for the same job.
It’s a massacre out there for the unemployed.
Also the same recruiter posted on LinkedIn that she’s been getting more than 100 applicants for a role within 24 hours of posting. A year or so ago, there would have been 10 at most.
I just went in with a salary/1000 ‘rule’ quote for a longer contract… I hope they understand that rate’s somewhat negotiable! But I thought the reasoning to get to that price was sound. I hope I didn’t high-ball myself… geez.
Breaking news. Record immigration from low wages countries suppresses domestic wages.
Who knew? More at 10……..
Got the least payrise in my 4.5 years of tenure but that’s also because I hit the max of my payscale. Time for a new job anyways.