Australian Salary Outlook 2025 

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Weaker labour market could lead to conservative salary increases as 2025 salary budget forecast remains unchanged

More than 1,200 organisations participated in Mercer’s 2024 Total Remuneration Survey (TRS) Australia. The results suggest that the employment market is starting to swing in employer’s favour as turnover declines, hiring intention weakens and the economic outlook remains uncertain.

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  • Salary budgets forecast and salary movements by industry
  • Short-term incentive forecasts
  • Hot jobs of 2024
  • Employers' hiring intentions and employee turnover trends
  • Remuneration trends for 2025

Salary trends 2025

Following generous salary increases in 2023, most industries experienced a decline in 2024, with the exceptions being the chemicals and insurance/reinsurance sectors. With forecast salary budgets expected to remain unchanged in 2025, employers are likely to maintain a similar approach to salary adjustments.
This content is intended to inform clients of Mercer’s views on particular issues. It should not be relied upon or used as a substitute for professional advice specific to a client’s individual circumstances. Whilst Mercer believes the prospective information and forward looking statements made by Mercer in this report are based on reasonable grounds, they are predictive in character and may therefore be affected by inaccurate assumptions or by known or unknown risks and uncertainties. This content has been prepared by Mercer Consulting (Australia) Pty Ltd (MCAPL) ABN 55 153 168 140. ‘MERCER’ is a registered trademark of Mercer (Australia) Pty Ltd ABN 32 005 315 917.

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