Who's' getting pay rises at the moment?
New Zealand workers in industrial, professional services, and technology sectors were most likely to receive pay rises last year, with 57%, 53%, and 52% respectively getting a pay increase. The most common way to receive a pay rise was through company-wide pay increases, while switching to a new employer resulted in larger pay increases.
According to new Seek data, only half of New Zealand workers reported getting a pay rise last year. The industries most likely to receive a pay rise were industrial (57%), professional services (53%), and technology (52%). The most common way for people to receive a pay rise was through company-wide pay increases. Just under a quarter of those who received a pay increase with the same company had a performance-based rise. People who switched to a new employer were more likely to have a bigger pay increase, with three times more likely to have an increase of more than 10%. Millennials were the generation most likely to have received a pay rise, at 54%, followed by Gen Z at 48% and Gen X at 45%. Seek country manager Rob Clark said it was likely to remain a tricky time for those navigating pay conversations.
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