Companies are offering 20 per cent-plus pay rises to snap up investment bankers, lawyers, marketing executives, accountants, construction managers and sustainability and risk specialists amid a professional skills shortage that is spreading far beyond the IT sector.
Recruitment experts report a “remarkable” level of demand for specialists in data analytics, cyber security, artificial intelligence and robotics, forcing companies to offer salary increases of between 25 per cent and 30 per cent to attract talent.
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Sally Patten edits BOSS, and writes about workplace issues. She was the financial services editor and personal finance editor of the AFR, The Age and the Sydney Morning Herald. She edited business news for The Times of London. Connect with Sally on Twitter. Email Sally at spatten@afr.com
Tess Bennett is a technology reporter with The Australian Financial Review, based in the Brisbane newsroom. She was previously the work & careers reporter. Connect with Tess on Twitter. Email Tess at tess.bennett@afr.com
Michael Pelly is the legal editor, based in our Sydney newsroom. He has been a senior adviser to federal and state attorneys-general and written two books, one a biography of former High Court Chief Justice Murray Gleeson. Email Michael at michael.pelly@afr.com
