Salaries paid to professional scientists grew by an average of 3.3% over the last twelve months, according to the results of the latest Professionals Australia survey of professional scientists, conducted over May 2014.
Average annual rises of 3.5% were reported in the private sector, whilst respondents in the public sector reported increases averaging 2.7%.
Increases paid to professional scientists were marginally higher than inflation, as measured by the Consumer Price Index (CPI). The Australian Bureau of Statistics (ABS) reported an average increase in the CPI of 2.6% for the year ending 31 March 2014.
Average increases in scientist salaries were also marginally higher than average increases in earnings across the Australian economy. For the year ending 31 March 2014, the ABS Wage Price Index rose by 2.9%.
Director Surveys Dominic Angerame takes you through a summary of the latest market rates survey for professional scientists …