2014 Professional Employment & Remuneration Survey

How are minerals professionals faring in today's labour market?

In June 2014, more than 20 per cent (3334) of AusIMM members completed the annual Professional Employment and Remuneration Survey, the single largest response to any AusIMM survey. This allowed the Institute to generate solid data that gives strong insights into members’ current employment and salary experiences as well as their future expectations.

Thank you to everyone who participated in the survey.

The analysis from the survey is used as a key basis on which to engage with stakeholders and continue to advocate effectively for members to governments, businesses and other key stakeholders.

Photo: rem_survey

Key findings

Remuneration and gender pay gap

  • average salaries for minerals professionals are down 19 per cent on 2012 levels
  • minerals professionals working at the most senior levels are earning less in 2014 than they did in 2008 – even without adjusting for inflation
  • minerals professionals who are employed are working an average four hours a week longer than a year ago, while unemployment amongst minerals professionals has continued to increase
  • the total gender pay gap for minerals professionals is 27.1 per cent
  • the gender pay gap increases with seniority.

 

Photo: pe_survey

Employment

  • unemployment among Australian minerals professionals is 12.2 per cent
  • minerals professionals now face double Australia’s national unemployment rate (Australia’s trend unemployment rate was 6.1 per cent in July 2014, ABS Cat 6202.0)
  • geology professionals are facing the highest level of unemployment at 15.1 per cent
  • one in ten minerals professionals were made redundant in the 2013-14 year, reflecting a highly volatile employment market
  • minerals professionals commonly report strong pressures to work more hours for the same pay (17.5 per cent); to accept lower pay or conditions for the same job (16.6 per cent); and to accept reduced working hours (8.4 per cent)
  • less than half (49.1 per cent) of AusIMM’s Student Members are confident they will find work as a minerals professional when they graduate
  • more than half of AusIMM members (50.8 per cent) believe there will be fewer professional job opportunities in the minerals sector in the coming year.

Future outlook

  • confidence that the industry will improve has decreased from 19.1 in 2013, to 18.5 per cent in 2014
  • students' confidence in finding employment on graduation has decreased, from 57.3 to 49.1 per cent.

Documents

Reports

Data Analysis

Snapshot

Media

Media releases

Media coverage

The Professional Employment Survey findings released in September 2014 have received widespread coverage. Some of the articles and interviews are available via the following links: