A recent survey reveals the wallets of Australian travel industry employees are considerably thinner than their Asian counterparts, with up to 75 percent of them receiving pay increases over the last 12 months.
TMS Asia Pacific as part of its 2011 Australian Travel/Hospitality Industry Salary Report has found despite 54 percent of all industry employees reporting they had received a pay rise, this figures has dropped from the 60 percent figure recorded last year.
TMS General Manager Australia/NBZ, Sally Matheson said what was further worrying is the number of employees who saw their salaries increase in excess of six percent over the last 12 months also decrease from 14 to 12 percent.
“The Australian findings are very different from the Asia region where 75 percent of all respondents participating in the 2011 TMS Asia-Pacific Survey indicated they had received a pay increase in the last 12 months,” Ms Matheson said.
“That figure represents a seven per cent increase over the 68 percent of Asia-based respondents receiving a pay rise and could be seen as a very strong indication that employers in Asia are attempting to retain their good staff with increased remuneration as the ‘war for talent’ continues to impact on a sector showing ongoing positive growth.”
Ms Matheson said despite the fact that the year to date has not been a period of plenty, it has certainly been positive for Australia.
“There can be no doubt we are currently back in a pre-GFC climate and one which in theory should see employees having the upper hand when it comes to expecting and demanding better salaries from employers as the ‘war for talent’ continues to bite,” Ms Matheson said.
Ms Matheson added that what the 2011 Report has revealed is that employers in reality have the “upper hand” at this point in time.”
The survey also revealed the importance of career development and employee satisfaction is very high with a total of 64 percent of respondents stating career progression was either ‘important’ or ‘very important, up three per cent from 61 percent in 2010.
Furthermore, a total of 63 percent rated their career progression opportunities with current employers as ‘fair’, ‘poor’ or ‘none’, up five percent on the 58 percent recorded in 2010.
Ms Matheson said this factor should be “sounding alarm bells” for employers given that employees in this post-GFC environment are now seeing a greater number of opportunities than ever before, both within the tourism sector and outside from competing sectors offering both higher salaries and stronger career path opportunities.“This means employers need to be very much on their toes if they are to maintain headcount and fill newly emerging job roles and if they are to remain competitive in the employment stakes in this current environment.”
Source = e-Travel Blackboard: S.P