DATA
Employment Statistics
AUSTRALIA
Industry and time-based wage statistics for Australia
Source:
Australian Bureau of Statistics (ABS)
Access:
Free, unlimited access
Data is hosted exclusively on the Snowflake Marketplace.
Description
The Wages Price Index (WPI) measures changes in the price of labour, unaffected by compositional shifts in the labour force, hours worked or employee characteristics.
The quarterly WPI measures the change in the price of wages and salaries in the Australian labour market over time.
Prices for a range of jobs are collected from a sample of private and public sector employers undertaking economic activity across Australia.
Quarterly WPI data is published at the national, sector, state and industry level.
Refer to the ABS’s use notes: https://www.abs.gov.au/statistics/detailed-methodology-information/information-papers/use-price-indexes-contracts.
This data is updated annually. Contact us to request the latest version or arrange more frequent refreshes to suit your business needs.
Details
Category
Economy
Geographic Coverage
Australia (by Address)
Refreshes
Annually
Access
Free, unlimited access
Schemas available
- EMPLOYMENT_STATISTICS_AUS_FREE: contains all tables for the Employment – Statistics – Australia Free listing
Tables available
- ABS_QUARTERLY_WAGE_PRICE_INDEX
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Use Cases
Economic Impact Analysis
The WPI provides a reliable measure of wage growth across various sectors, helping companies compare their pay rates against industry standards. By monitoring the WPI, businesses can see how their wage offerings align with market trends, allowing them to adjust salaries to remain competitive in attracting and retaining talent. This comparison helps prevent workforce turnover due to uncompetitive wages and ensures that their pay structures reflect the broader economic environment.
Using the WPI allows companies to anticipate changes in wage expenses, which is essential for accurate budgeting and long-term financial planning. Since wage costs often represent a significant portion of operating expenses, understanding likely wage growth trends helps companies allocate funds more effectively. With this insight, businesses can also plan for salary increases, prepare for potential labour cost rises, and mitigate the impact of wage inflation on profitability.
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