Property and construction salaries will rise between 3 and 4 percent over the next 12 months, according to the Michael Page International salary and employment forecast. Senior property and construction professionals in resources-related roles can expect increases of up to 30 percent.
Currently in highest demand are site managers, contracts and cost managers, project engineers and project managers, according to the Michael Page International Salary and Employment Forecast 2012/13 for the property and construction sectors.
The forecast says companies increasingly require professionals with project-based experience and specific industry skillsets across oil and gas, infrastructure, mining and commercial construction.
Increasing demand will result in the need for employers to review salaries to attract and retain staff, according to the forecast.
Average salary increases of between 3 and 4 percent are likely to be awarded over the next 12 months, it says.
Meanwhile, for high-demand skills, such as project management - particularly across oil and gas, mining and resources sectors - salary increases of up to 20 and 30 percent can be anticipated.
The majority of the 1600 employers surveyed for the forecast said skills shortages will place upward pressure on salaries, with 54 percent saying salaries will rise above the inflation rate.
The forecast says that over the next 12 months recruitment activity across the property and construction sectors is expected to remain steady.
