More than two-thirds of Kiwis feel they are underpaid for their work and half are expecting a pay increase soon, according to the Randstad Workmonitor report released today.
The survey findings for October- December mirror job market sentiment in Australia, where expectations of a pay rise are only slightly lower.
Employers who want to retain workers should offer non-financial incentives to stay, says Randstad New Zealand director Paul Robinson.
“Employers who want to retain their strong performers and keep staff engaged need to ensure their people are recognised and rewarded for their achievements and efforts, otherwise you may see them walk out the door in the coming months.”
However, the report also stated that the number of people actively looking for another job has decreased, due to uncertainty in the market.
It found 54 percent of Kiwis would be willing to move overseas for a better job, compared to 48 percent of those in the UK and 47 percent of Australians.