Salary shake up

Salary shake up
By admin


a

Email the Travel Weekly team at traveldesk@travelweekly.com.au

Salary shake up

Salary shake up
By admin


Salary brackets are set to shuffle in the coming year, with skills shortages likely to see pay packets for event managers and business development managers jump up to 10%, an expert has said.

Speaking with The Nibbler this week, InPlace Recruitment business manager Ben Carnegie said skills shortages are prompting a shift in salary brackets in the business events industry.

Increased demand for event managers and business development managers is increasing their bargaining power for higher salaries, with some employees able to negotiate 10-15% higher salaries.

However, senior management salaries are likely to flat line or decline as demand continues to soften and companies minimise their senior management structures.

“We have seen a significant reduction in what a senior manager is offered over the last few years, and their level will remain the same for the moment,” he said. “However, salaries for other positions are increasing in line with rising demand.”

Salaries for operational and middle management roles such as event sales and management are expected to return to pre-GFC levels, with skilled candidates likely to see further increases. Entry level salaries are likely to remain the same, while senior positions will decline.

Noting that some companies had to pay “well inflated” salaries for experienced staff during the GFC, Carnegie said the trend was likely to continue for event managers and BDMs in the coming year.

But he expects the reverse effect will play out for some employees.

“Some people were getting $10,000 more than the market norm during the GFC, as companies had to pay more for experienced staff. But if these people want to move jobs now, they may find the market has dropped and they will be stuck in that job unless they take a significant pay cut,” he said.

“They may need to take on more responsibilities, but the salary isn’t going to match what in their mind is appropriate,” Carnegie added.

InPlace Recruitment will exhibit at AIME this year at stand # 1906.

Email the Travel Weekly team at traveldesk@travelweekly.com.au

Latest News

  • Events

Brisbane Festival 2024 returns from 30 August

Experience a rich tapestry of culture, celebration, and community throughout the city as the Brisbane Festival 2024 returns from 30 August to 21 September. The fifth program from artistic director Louise Bezzina invites guests to experience the pinnacle of artistry with world premieres, Australian exclusives, Queensland commissions, and Brisbane spotlights across 23 days. Tt brings […]

  • Food & Beverage

Nobu Bangkok the World’s Highest Nobu Restaurant at EA Rooftop at The Empire

Nobu co-founders Hollywood star Robert De Niro and Meir Teper, plus eponymous chef Nobu Matsuhisa have visited EA Rooftop at the Empire ahead of the official launch of the world’s highest Nobu restaurant in the heart of Bangkok. With unparalleled dining experiences with breathtaking panoramic views of the Bangkok skyline and the Chao Phraya River, […]