Latest Avdiev Remuneration report released
Yet another positive note on the property market emerged this week with the latest update from Avdiev’s Property Industry Remuneration Report, which includes a cross-section of employers in investment, construction, design and related consulting companies.
Findings show that the industry has navigated the complex high interest rate environment and higher costs but that budgets are still tight.
Almost half of the respondents to the survey now say they’re performing “well” and that their outlook for the next 12 months was generally positive – a significant increase compared to the same period last year.
There have been wage increases, but the growth has been Property sector wage rise is reported to be “moderate”, the report said, from a 5 per cent growth last year to 4.3 per cent this year. This compares to the Wage Price Index of 4.1 per cent.
Notable was that 40 per cent of respondents reported that they’ve made changes to their company’s operating models and services and carried out cost reductions to adapt.
Around 60 per cent expected no change to these conditions in 2025.
Company bosses are feeling the increased pressure to pay more – as indicated by 32 per cent of respondents. But then 97 per cent also indicated they intend to increase pay in 2025.
Skill shortages are also evident, as 33 per cent of companies report recruitment difficulties – which is 19 per cent more than 12 months ago.
See remuneration rates for positions in demand below:
New jobs
Brisbane-based sustainability advisory firm Rennie, established by former EY senior partner Matt Rennie after he left in 2021, is hiring.
The company, which sports more than 60 people, also lists Simone Rennie as co-chief executive officer with Matt Rennie, with a background at the Australian Energy Market Operator, EY’s Global Power & Utilities, the Queensland Department of Energy and Water Supply, Queensland Water Commission, and as head of governance for the London Development Agency.
Adding to staff numbers now is sustainability advisor David Dickson, who will be an executive director and lead the group’s offerings in its resources and advanced manufacturing sector.
Dickson’s background includes as managing director of Accenture, multiple leadership roles at IBM, including a year as its global sector leader and global sustainability lead and a career starting as an engineer for Honeywell Process Solutions. He’s also consulted for several big oil and gas companies.
Dickson then made the jump to becoming managing director of sinektik, a software consulting firm for sustainability.
He said he was excited about his new role, saying, “heavy industries are not only a major source of the climate crisis but also hold the key to unlock its solutions”.
Green Cross Australia has appointed Sam Kernaghan as its new non-executive director. Kernaghan will take on the role part time while he continues to serve in his current role as Committee for Sydney’s director of resilience program.
Green Cross Australia is a not for profit organisation that educates Australians to become more resilient to our changing climate, an objective that compliments Kernaghan’s current role at the Committee.
Kernaghan will also continue to contribute as a founding member of the state government’s Greater Sydney Heat Taskforce as well as a guest lecturer on integrated natural hazard risk management at the University of Adelaide.
He was co-founder and managing director of APAC on the Resilient Cities Network as well as the deputy managing director of APAC at the 100 Resilience Cities initiative that was pioneered by the Rockefeller Foundation. He had also been Arup’s international development leader in the Asia region for more than eight years.
Jobs on offer:
ASB, also known as the Auckland Savings Bank, is looking to hire a senior manager of sustainability to help with its commitment to achieving a low-emission and climate-resilient economy. The bank is known to be the first savings bank to open in New Zealand. More details here.
See another four jobs on offer at the City of Sydney through our jobs board.
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