Earn
Jobs report: Salaries spike for super and insurance workers
Employees in the insurance and superannuation sector are cashing in on the ever-growing industry, with new research revealing them to be the biggest winners when it comes to income over the last 12 months.
Jobs report: Salaries spike for super and insurance workers
Employees in the insurance and superannuation sector are cashing in on the ever-growing industry, with new research revealing them to be the biggest winners when it comes to income over the last 12 months.
Seek has released its latest employment report, which showed workers in the insurance and superannuation sector had the greatest amount of average advertised salary growth year-on-year, at 6.1 per cent.
This is far higher than the 1.7 per cent increase averaged out across all advertised salaries Australia-wide and regardless of industry – at an average of $88,746.
Government and defence workers also saw a 6.1 per cent advertised increase to salaries, while the mining, resources and energy sector also saw a sizeable boost at 4.9 per cent.
Breaking it down more generally state-by-state, Seek found that salaries grew across every Australian state and territory except for the Northern Territory.
Tasmania led the charge – with a 5.1 per cent growth in advertised salaries recorded – that also brought its average salary up to $79,951.
South Australia also saw stronger-than-average growth – with a 3.8 per cent 12-month boost enabling the average advertised salary to hit $83,103.
In third place, the ACT saw advertised incomes up 2.9 per cent.
It posted the highest average salary across all states and territories – at $90,900.
NSW job posts were just behind, with the average job salary advertised at $90,875 – an increase of 1.7 per cent.
As the only region reporting negative growth, advertised salaries in the Northern Territory were down -0.5 per cent.
Despite this, the territory was far from offering positions with low incomes, with an average advertised salary still sitting at $87,287.
About the author
About the author
Salary
The financial benefits of a diversified income stream
In today’s volatile economic environment, relying solely on a single source of income can be risky. Diversifying your income streams can provide financial stability, reduce the risk of financial ...Read more
Salary
Despite losing top spot, Elon Musk rakes in $400,000 hourly
Elon Musk, the entrepreneur known for his involvement in a wide range of innovative and technological businesses, has recently been dethroned as the wealthiest individual in the world, with Bernard ...Read more
Salary
Rising unemployment and skill shortages prompt Australian businesses to look globally for talent
Australia has witnessed its unemployment rate surging above 4% for the first time in two years, revealed by the latest Labour Force data. Read more
Salary
New findings link job mobility hurdles to stagnant wage growth
Recent research from the e61 Institute has unearthed significant links between slow wage growth in Australia and obstacles to job mobility, including non-compete clauses, complicated occupational ...Read more
Salary
Employers scrambling to prevent workplace brain drain
As workplace managers face a swiftly evolving employment market that’s increasingly favouring the demands of white-collar employees and jobseekers, bosses are falling under mounting pressure to ...Read more
Salary
Unions back Albanese’s pledge to close gender pay gap
An electoral promise from Labor to make gender pay equity an objective of the Fair Work Act has been hailed as a “watershed moment” from industry peak bodies who have traditionally advocated for ...Read more
Salary
Coles asked to disprove $115m in alleged wage theft
One of Australia’s biggest supermarkets faces allegations that it underpaid more than 7,500 employees a total of $115 million. Read more
Salary
Gen Z left behind in progress to gender equality
Women under 25 may emerge from the pandemic in a worse financial position than when it began, new research has shown. Read more
Salary
The financial benefits of a diversified income stream
In today’s volatile economic environment, relying solely on a single source of income can be risky. Diversifying your income streams can provide financial stability, reduce the risk of financial ...Read more
Salary
Despite losing top spot, Elon Musk rakes in $400,000 hourly
Elon Musk, the entrepreneur known for his involvement in a wide range of innovative and technological businesses, has recently been dethroned as the wealthiest individual in the world, with Bernard ...Read more
Salary
Rising unemployment and skill shortages prompt Australian businesses to look globally for talent
Australia has witnessed its unemployment rate surging above 4% for the first time in two years, revealed by the latest Labour Force data. Read more
Salary
New findings link job mobility hurdles to stagnant wage growth
Recent research from the e61 Institute has unearthed significant links between slow wage growth in Australia and obstacles to job mobility, including non-compete clauses, complicated occupational ...Read more
Salary
Employers scrambling to prevent workplace brain drain
As workplace managers face a swiftly evolving employment market that’s increasingly favouring the demands of white-collar employees and jobseekers, bosses are falling under mounting pressure to ...Read more
Salary
Unions back Albanese’s pledge to close gender pay gap
An electoral promise from Labor to make gender pay equity an objective of the Fair Work Act has been hailed as a “watershed moment” from industry peak bodies who have traditionally advocated for ...Read more
Salary
Coles asked to disprove $115m in alleged wage theft
One of Australia’s biggest supermarkets faces allegations that it underpaid more than 7,500 employees a total of $115 million. Read more
Salary
Gen Z left behind in progress to gender equality
Women under 25 may emerge from the pandemic in a worse financial position than when it began, new research has shown. Read more