Super and insurance take the lead on salary hikes

6 February 2014
| By Kate Cowling |
image
image
expand image

Superannuation and insurance jobs attracted some of the highest salary rises in Australia last year, a survey shows. Unlike other financial services sectors, which stayed static in 2013, superannuation and insurance experienced 6 per cent year-on-year growth, according to Seek’s annual salary improvement report.  

The spike, which saw the average super and insurance salary rise from $74,927 to $79,384, was matched only by the sport and recreation sector.  

At the other end of the table, just 9 per cent of industries across Australia experienced no salary growth, including financial services divisions like banking.   

Seek’s HR manager Rebecca Supierz said employees looking to increase their earnings in 2014 should invest in skill development.   

“In the current economy, employers are seeking skilled, efficient and experienced workers who can quickly and effectively contribute to the organisation’s bottom line,” she said.  

The research was based on surveys of more than 1000 working Australians.  

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

1 year 3 months ago
Kevin Gorman

Super director remuneration ...

1 year 3 months ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

1 year 3 months ago

In what is being called a coordinated cyber attack, a number of Australia’s largest superannuation funds have suffered a breach with thousands of user accounts compromise...

8 hours 36 minutes ago

Donald Trump’s tariff blitz has shaken global markets, fuelling uncertainty over trade retaliation, recession, and economic fallout, while Australia, though bruised, esca...

10 hours ago

Shadow treasurer Angus Taylor has vowed to slash red tape and introduce a suite of financial services reforms aimed at transforming Australia into a leading financial hub...

1 day 9 hours ago

TOP PERFORMING FUNDS