The manufacturing, transport, and logistics sector drove the country’s wage growth with 3.2%, according to the findings. This was followed by the retail, hospitality, and tourism sector, which saw a 3.1% increase.
Wage growth in the science and technology sector was relatively flat at 0.2% year-on-year. Declines were recorded in:
Agriculture, energy, and mining (0.6%)
Healthcare and community services (5.5%)
Skilled workers demand drives wages
By age group, wage growth was also uneven among brackets, with older employees seeing better gains.
“The situation is particularly stark for the 25–34 age group, where year-on-year wage growth is -1.1%,” Webster said.
People between 45 and 54 years old saw their wages grow by an average of 2.3% year-on-year amid strong demand for experienced employees, according to the report.