Salary Guide FY24-25

M&T Resources Talent Insights & Salary Guide FY24-25

Whilst the pandemic is long behind us, it has had lingering effects on Australia’s economy. An initial market boom was followed by major layoffs in the tech and projects space in 2023 and early 2024, and a flooding of skilled candidates competing for fewer opportunities. As a result, we are now experiencing an increase in time-to hire as employers approach the process more cautiously. We have also seen a stabilisation of salary rates for both contractors and permanent roles compared to the soaring peaks of 2022.

So far though, it seems we’re not quite off the rollercoaster.

As the inevitable consequences of economic overdrive are now at the forefront of the business landscape, tightened budgets and heightened expectations from candidates and employees are becoming the norm. Inflation and the rising cost of living has more people seeking the security of permanent roles, though in many cases these are harder to come by as ‘do more with less’ emerges as a common theme.

And those flexible working arrangements? While remaining as desirable as ever among candidates looking for work-life balance, compromise is now the name of the game.

Explore the latest tech talent insights and salaries for FY24-25 in our latest guide. Complete the form below to receive your copy.

FY24-25 Talent Insights & Salary Guide

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Did you know?

Insurance, local government entities, and media and telecommunications are the sectors we are seeing leading the demand for IT roles.

We’re seeing particular interest right now for Business Analysts, Organisational Change Managers and Telecommunications specialists.

Cost cutting measures are now the talk of the town. That’s seen in slashed contractor rates, substantial reductions in contractor numbers, and frozen or reprioritised budgets.

Specific bright spots include the energy sector, where we expect increased candidate demand for permanent roles as system upgrades roll out. As well as in government, thanks to a generous budget.

Using our FY24-25 Salary Guide

Organisations

Is your compensation competitive? Benchmark your workforce remuneration and find out what salary or day rate you should be offering to attract and retain the top talent in the market.

Professionals

How does your compensation live up to today’s market? Use our FY24-25 Salary Guide to assess where you should be positioning yourself in performance negotiations or your hunt for a new role.