{"id":11116,"date":"2025-09-09T06:16:12","date_gmt":"2025-09-09T06:16:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/11116\/"},"modified":"2025-09-09T06:16:12","modified_gmt":"2025-09-09T06:16:12","slug":"australian-redundancies-set-to-surge-as-pay-rise-forecasts-weaken","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/11116\/","title":{"rendered":"Australian redundancies set to surge as pay rise forecasts weaken"},"content":{"rendered":"

\u201cThe projected increase in redundancy activity therefore reflects a range of environmental and workplace changes, not only cost reduction by employers,\u201d she said.<\/p>\n

The economic pressures facing Australian businesses have intensified in recent months, with many companies forced to reassess their workforce requirements amid changing market conditions.<\/p>\n

The report also found expectations for pay increases in the 12 months to July have fallen to 2.9%, down from 3.3% over the last quarter.<\/p>\n

However, only 14% of employers reported that they are planning to implement a pay freeze in the next quarter.<\/p>\n

This still would see the wages for millions of Australians stagnate.<\/p>\n

\"PayPay rise expectations have fallen to 2.9%, with only 14% planning a pay freeze.<\/p>\n

While a number of businesses will be looking to lay off staff, the Australian HR Institute also says there is a jump in the number of businesses looking to add to the workforce.<\/p>\n

According to their figures, 69% of organisations say they plan on recruiting over the next three months.<\/p>\n

A further third are saying they are currently experiencing difficulties finding workers, although this is down from 38% in June 2025.<\/p>\n

Overall average employee turnover, which includes involuntary and voluntary turnover, remains at 15% for the 12 months until June 30.<\/p>\n

\u201cDespite softer economic growth, the demand for skilled workers remains strong,\u201d McCann-Bartlett said.<\/p>\n

\u201cHowever, the responsibility for raising skills does not lie solely with employers.\u201d<\/p>\n

McCann-Bartlett said those looking to get into the workforce could consider upskilling.<\/p>\n

\u201cJob seekers should consider specialist training, and there are plenty of free or low-cost online courses that can help separate them from the crowd,\u201d she said.<\/p>\n

\u201cBeing proactive, curious, and open to change and learning will support them in the workplace.\u201d<\/p>\n

Sign up to Herald Premium Editor\u2019s Picks<\/a>, delivered straight to your inbox every Friday. Editor-in-Chief Murray Kirkness picks the week\u2019s best features, interviews and investigations. Sign up for Herald Premium here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"\u201cThe projected increase in redundancy activity therefore reflects a range of environmental and workplace changes, not only cost…\n","protected":false},"author":2,"featured_media":11117,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[2840,806,2937,1135,138,219,1872,7469,13610,13607,6709,7494,13611,13609,111,139,69,2744,13608,13604,1436,10042,2437,1551,1515,61,13605,13606,102,4478],"class_list":["post-11116","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-across","tag-as","tag-aussie","tag-australian","tag-business","tag-economy","tag-face","tag-forecasts","tag-highs","tag-intentions","tag-layoff","tag-less","tag-nation","tag-nearrecord","tag-new-zealand","tag-newzealand","tag-nz","tag-pay","tag-reaching","tag-redundancies","tag-rise","tag-rises","tag-security","tag-set","tag-surge","tag-to","tag-weaken","tag-weaker","tag-with","tag-workers"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/11116","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=11116"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/11116\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/11117"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=11116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=11116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=11116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}