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Redefine pay now or risk "a much broader retention issue"
HR professionals are again being urged to reconsider their definition of remuneration, to bridge the growing disconnect between employee and employer expectations.
According to Robert Walters' 2026 Salary Guide, released today, 81% of employees believe their pay isn't keeping up with the rising cost of living. Further, 41% believe they are underpaid.
However, 85% of employers think salaries are keeping pace, and only 73% say they're likely to give employees a pay increase this year.
"As market conditions improve and businesses come out of last year's restructures, there is an opportunity to revisit remuneration. For many organisations, the next phase of recovery should create space for salary increases that genuinely reflect the value employees bring," says Robert Walters ANZ CEO Shay Peters...
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