What are you worth?

Salary survey reveals downturn's impact on salaries.

Salaries in the mining industry have risen 5.3% in 2009, according to the Australian Institute of Management’s (AIM) National Salary Survey 2009.

Now in its 45th year, the AIM national salary survey is based on the responses of 759 national companies.

According to the survey, resource boom states of Western Australia and Queensland were hardest hit in the last 12 months, with the rate of actual salary increases and forecast salary increases falling significantly from the previous year’s pay movements and forecasts.

Involuntary staff turnover rates were up slightly from 3.8% in the 2008 AIM Survey, to 4.8% in the 2009 Survey.

The survey showed the full extent of the global economic downturn, with only 39.6% of large companies in Australia expecting permanent staff numbers to increase over the next 12 months -down from 59.7% in the 2008 Survey.

“In this market, savvy employers are looking at creative ways to attract, retain and motivate people,” AIM’s NSW/ACT chief executive David Wakeley said.

“This may include putting in place a career development plan, complete with a formal training program, to give employees the skills they need to progress to the next level within the organisation. In this way employees get that sense of a great career move, while employers get to engage and retain high-performing individuals.”

To keep up to date with Australian Mining, subscribe to our free email newsletters delivered straight to your inbox. Click here.