Amid difficulties in the construction sector , property companies are finding it easier to hire staff in 2024, putting less pressure on their wages bill , according to a new survey of remuneration conditions in the sector. Only 25 per cent of real estate businesses surveyed in March by consultancy Avdiev Report said they faced difficulties recruiting to fill key positions, down from a peak of 60 per cent two years ago. Property sector wage rises also moderated to 4.
7 per cent in the year to February, still higher than the wider national Wage Price Index of 4.2 per cent, but down from 5 per cent a year ago.“It is encouraging that most companies believe adverse trading conditions are now bottoming out and some optimism is beginning to appear,” Avdiev Report principal Debra Moloney said. “Stabilising remuneration and skills shortages, coupled with expectations that interest rates may start falling by year’s end, will create more favourable operating conditions for most property sectors in 2024 and beyon
Source: News Formal (newsformal.com)
Property Companies Construction Sector Hiring Staff Wages Bill Survey Wage Rises Optimism
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rugby League In Las Vegas 2024Rugby League In Las Vegas 2024
Source: NRL - 🏆 19. / 59 Read more »
Nikki Haley wins the District of Columbia’s Republican primary and gets her first 2024 victoryNikki Haley has won the Republican primary in the District of Columbia, notching her first victory of the 2024 campaign.
Source: 9NewsAUS - 🏆 10. / 72 Read more »
Nine Southeast Asian Leaders Gather in Melbourne for ASEAN-Australia Special Summit 2024The ASEAN-Australia Special Summit 2024 is the biggest diplomatic gathering of world leaders in Australia since 2018. The summit will focus on challenges facing the region, including economic development and responses to Chinese territorial claims in key maritime trade routes.
Source: SBSNews - 🏆 3. / 89 Read more »
NRL 2024 Las Vegas LIVE: Manly razzle-dazzle downs Souths; Broncos and Roosters clashLuke Brooks, Latrell Mitchell and the Trbojevic brothers put on a show before Manly sprung a Las Vegas upset. Now the Broncos and Roosters take centre stage at Allegiant Stadium.
Source: brisbanetimes - 🏆 13. / 67 Read more »
Super Tuesday 2024 Live: US Primary Elections Expected to Confirm Biden and Trump as CandidatesVoters across more than a dozen US states have cast their ballots today to decide who they want as the Republican and Democratic party candidates at the presidential election in November. President Joe Biden and his predecessor Donald Trump have so far dominated early results, with wins in Alabama, Arkansas, Colorado, Massachusetts, Oklahoma, Maine, North Carolina, Texas, Tennessee, and Virginia.
Source: abcnews - 🏆 5. / 83 Read more »
Haaland’s ice-cold swipe at Liverpol star ahead of biggest PL match of 2024UCL: Manchester City and Real Madrid have progressed to the quarters of the Champions League after beating Copenhagen and Leipzig, respectively.
Source: FOXSportsAUS - 🏆 24. / 51 Read more »