In Australia, according to a monthly survey conducted with key decision makers within small and medium businesses, 25 percent of these businesses were expecting to increase staff wages over the next three months in May 2024. The share of business expecting to decrease staff wages was only ten percent in the same period.
Share of small to medium enterprises (SME's) increasing staff wages in Australia from May 2023 to May 2024
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Key decision makers/influencers at small and medium enterprises from all industry sectors across Australia responded to the survey. Data is weighted to reflect the distribution by industry, number of employees, and state.
Supplementary notes
Businesses with between 1-500 employees included in sample.
Original question: 'Expectations over the next three months regarding the wages you pay'.
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fifth quadrant. (May 8, 2024). Share of small to medium enterprises (SME's) increasing staff wages in Australia from May 2023 to May 2024 [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1477698/australia-share-of-smes-increasing-staff-wages/
fifth quadrant. "Share of small to medium enterprises (SME's) increasing staff wages in Australia from May 2023 to May 2024." Chart. May 8, 2024. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1477698/australia-share-of-smes-increasing-staff-wages/
fifth quadrant. (2024). Share of small to medium enterprises (SME's) increasing staff wages in Australia from May 2023 to May 2024. Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1477698/australia-share-of-smes-increasing-staff-wages/
fifth quadrant. "Share of Small to Medium Enterprises (Sme's) Increasing Staff Wages in Australia from May 2023 to May 2024." Statista, Statista Inc., 8 May 2024, https://www.statista.com/statistics/1477698/australia-share-of-smes-increasing-staff-wages/
fifth quadrant, Share of small to medium enterprises (SME's) increasing staff wages in Australia from May 2023 to May 2024 Statista, https://www.statista.com/statistics/1477698/australia-share-of-smes-increasing-staff-wages/ (last visited August 24, 2024)
Share of small to medium enterprises (SME's) increasing staff wages in Australia from May 2023 to May 2024 [Graph], fifth quadrant, May 8, 2024. [Online]. Available: https://www.statista.com/statistics/1477698/australia-share-of-smes-increasing-staff-wages/
