Australians Should Not Expect Pay Rises Next Year: Study

A recent survey entails startling revelations for Australian professionals.
Australians Should Not Expect Pay Rises Next Year: Study
A general view is seen as a businessman crosses George street at in Sydney, Australia, on June 1, 2020. Mark Kolbe/Getty Images
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Australians will need to continue being careful with their budgets, as company bosses look likely to hold back pay raises amid inflationary pressures. 
A salary survey conducted by Robert Walters—a Sydney-based recruitment agency—of 1,500 employers revealed that 58 percent would not be offering any pay rises above the current inflation rate, at around 5 percent.