POWERED BY MOMENTUM MEDIA
Super and insurance take the lead on salary hikes
Superannuation and insurance jobs attracted some of the highest salary rises in Australia last year, a survey shows. Unlike other financial services sectors, which stayed static in 2013, superannuation and insurance experienced 6 per cent year-on-year growth, according to Seek’s annual salary improvement report.
The spike, which saw the average super and insurance salary rise from $74,927 to $79,384, was matched only by the sport and recreation sector.
At the other end of the table, just 9 per cent of industries across Australia experienced no salary growth, including financial services divisions like banking.
Seek’s HR manager Rebecca Supierz said employees looking to increase their earnings in 2014 should invest in skill development.
“In the current economy, employers are seeking skilled, efficient and experienced workers who can quickly and effectively contribute to the organisation’s bottom line,” she said.
The research was based on surveys of more than 1000 working Australians.
AUTHOR
Recommended for you
The research house has offered a silver lining after super fund returns saw the end of a five-month streak last month.
A survey of almost 6,000 fund members has identified weakening retirement confidence, particularly among those under 55 years of age, signalling an opportunity for super funds to better engage with members on their retirement journey.
The funds have confirmed the signing of a successor fund transfer deed, moving closer to creating a new $29 billion entity.
A number of measures, including super on Paid Parental Leave, funding to recover unpaid super, and frameworks to encourage investment in the energy transition, have been welcomed by the superannuation industry.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
66.99 3 y p.a(%)
2
Hills International
59.27 3 y p.a(%)
3
Acadian Global Equity Long Short Class A
32.82 3 y p.a(%)
4
CFS FC Acadian Global Equity Long Short
32.44 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.01 3 y p.a(%)
Add new comment