News

Industry sentiment swells in 2022, survey says

A leading recruitment agency for the mining industry has found the sentiment towards mining’s prospects in 2022 is largely positive, with salaries also expected to improve.

Mining People International has provided recruitment consulting since 1995, based in Perth, and surveyed almost 130 people to find 64 per cent expect mining in 2022 to be “much better” than in 2021.

About one third of respondents believe 2022 will be about the same as 2021 and only 4 per cent had a negative outlook for the year.

“This is only a sentiment survey, but the overwhelming positivity is a good sign for the mining industry at a time when the pandemic is still causing a lot of negativity and worry in society more broadly,” Mining People stated.

This belief was reflected in more specific questions about job prospects and salaries.

A total of 69 per cent feel “much better” about their job prospects this year, while 55 per cent feel “much better” about the outlook for mining salaries in 2022.

“Firstly, it reflects the generally positive view of the year ahead for the industry,” Mining People stated.

“Secondly, despite that view, and despite the supply and demand equation in the industry, almost half of those working in the industry aren’t expecting the kind of massive pay inflation that has characterised the industry during previous skills shortages.

“It suggests, perhaps, that they’re happy with their remuneration levels.”

In May 2021, the Australian Bureau of Statistics’ (ABS) found the mining industry was the highest paying industry in the country, paying about $2674 per week on average.

In mid-December 2021, mining industry wages had grown by 9.8 per cent over the preceding 12 months, according to the ABS.

Despite this, Mining People also found that 20 per cent of respondents planned to leave the industry during 2022.

“Ultimately, this is just a sentiment survey. If the pandemic has taught us anything, it’s that the future is hard to predict,” Mining People stated.

“But if those planning to leave the industry this year actually do so, mining companies everywhere are going to struggle to fill the gaps more than they already have.”

Send this to a friend