Any journalist reporting on a lack of wage growth in 2022 has most definitely not spoken to anyone in our industry. Without a doubt, the last 12 months have seen more substantial wage growth than any previous year we can recall. If you’re reading this and wondering, ‘where’s my pay rise?’, then you haven’t tried looking for a new job recently.
As with all substantial wage growth we have seen, there are multiple factors driving this. However, they can all be boiled down to one substantive issue: there are significantly more jobs being advertised than there are experienced people applying for those jobs.
While this poses major concern for employers and puts the pressure on them to think outside the box to attract talent, it does place all the power in the job seeker’s hands. Companies know how hard it is to find people and are often willing to pay whatever it takes to keep good staff. If you are feeling undervalued and underpaid, then start by having a chat with your manager. If this doesn’t work, then maybe it’s time to start looking elsewhere? In this market we can guarantee that if your employer doesn’t think you are worth it, someone else will. Parts Interpreters and Service Managers are without a doubt the two roles where we have seen people ‘leave the industry’ the most within the last 12 months.
For too long, Parts Interpreters have felt underpaid and undervalued in most dealerships across our industry and were often seen as the ‘necessary evil’ to keep the dealership ticking. Rates for these roles have increased at the highest rate due to the difficulty dealers are having in finding them. Our Co-Director Tony Flynn recently wrote an article about the struggle to find parts people if you would like to read more specific information relating to this. Service Manager salaries are rising at an insane rate in a similar vein.
Largely this is due to dealers increasing Technicians’ rates due to their desperation to hire and keep good Techs. The shortage of Technicians is seeing many Technicians work longer hours and therefore earn much more money due to this. It only makes sense to ensure your Service Manager is getting paid more than your highest paid Technician and this has resulted in rapid wage growth. So how do you know if you’re being paid what is considered fair in the market? We have compiled some tables below to give you a quick snapshot into the averages we have seen over the last 12 months.
It is important to note that there are endless variables when it comes to salaries (size of the role, PMA, etc), however this is a good guide to know whether you’re in the ballpark. If you would like more specific information, please contact us and we can give you a more tailored answer based on your circumstances.
Salary Trends for Financial Year 2021-2022
Salary Trends for Truck Dealerships in Australia for FY21/22
NOTE: All figures are excluding superannuation.
Salary Trends for Construction Equipment/Earthmoving Equipment dealerships in Australia for FY21/22
NOTE: All figures are excluding superannuation.
Salary Trends for Agricultural Equipment dealerships in Australia for FY21/22
NOTE: All figures are excluding superannuation.
Salary Trends for Manufacturers & OEMs in Australia for FY21/22
NOTE: All figures are excluding superannuation.
For previous financial year salary reviews, view our articles from FY20/21 and FY19/20.
Teamrecruit is Australia’s most established recruitment agency specialising in truck, earthmoving and agricultural machinery dealerships in Australia, New Zealand, the South Pacific and Southeast Asia. Find out more about Teamrecruit and how we support employers and candidates in the dealership industry.
