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More than 70% of resources and mining employees will see their permanent base salary rise this year, up +10% on last year, according to the 2013 Hays Resources and Mining Global Salary Guide.
The worldwide study of remuneration trends published by recruiter Hays shows that last year 21% of employers increased salaries up to 5%. Looking ahead it is reported that 32% will increase salaries up to 5% this year. Salaries were increased by more than 5% last year by 41% of employers and it is reported that 40% are expected to do so this year.
Last year 31% of employers kept salaries static and this year the number has fallen to 25%. While 7% of employers decreased salaries last year, only 3% plan to do so in the next 12 months.
The Guide lists typical salaries by country and sector for the resources and mining industry. It shows that Australasia is currently leading the way for most of the sectors covered, followed by North America, Europe, Africa, Asia, and finally South America.
The sectors demanding the highest rates of pay in Australasia are General Management (USD 179,822), Construction Management (USD 167,972) and Business Development & Strategy ($165,372). By comparison, in North America these professionals earn USD 146,615, USD 119,400 and USD 109,250 respectively.
The Guide shows that contractor day rates are also highest in the Australasian region, at USD 710, followed by Europe with USD 450, and then North America with USD 420.
Other findings from the Guide include:
- 32.9% of resources and mining employees receive a bonus; worth on average 18.6% of their total package;
- 56.3% of employers expect staffing levels to increase in the months ahead;
- In 32.2% of businesses, more than 20% of staff are employed on a temporary or contract assignment;
- 44.7% employ up to 20% of staff on a temporary or contract assignment, while 23.1% employ no temporary or contract staff;
- 27.2% of employers expect contractor levels to increase in the months ahead;
- More than 10% of staff are expats in 11.4% of businesses;
- In Australasia 13.7% of the total workforce is female;
- Globally 13.2% of staff is female;
- 23.15% of the workforce works outside their country of origin;
- 30 per cent of the workforce has been in their current role less than one year, while a further 30% have been in the role between one to two years.