Low economic growth and excessive inflation have combined to produce a challenging situation for households and businesses across Australia.
The past year has been extremely difficult for many firms and consumers who have been hit by weak trading activity and a series of official interest rate increases.
The cost-of-living crisis has impacted most areas of business, as sales have slowed, with many struggling to stay afloat.
Yet, there are near-boom conditions in some areas of the economy as massive infrastructure projects roll out.
The labour market has been remarkably resilient, with jobs still being created, the unemployment rate relatively low, and skills shortages in many occupations.
This has resulted in variable trading conditions across regions and industry sectors.
To help navigate this, the 2024-25 Salary Guide provides an authoritative overview of wages and salaries across key occupations and industries from our experts in the field. It comprises data, insights and information that will help inform the critical recruitment decisions that are vital for success.
In a rapidly changing economic environment, this information will be more important than ever.
We trust that the 2024-25 Salary Guide helps firms to better understand the conditions in their industry sectors and assists them to navigate the year ahead.