Re-employment salaries higher

EXECUTIVES and managers re-employed after retrenchment gained an average salary increase of 6 per cent, a survey by outplacement and career management company DBM Australia has found.

The survey tracked more than 800 executives and managers and found average salary increased from $86,192 to $90,998.

DBM Australia managing director Derek Wetterling said the increase was mainly due to individuals’ much greater understanding of their competencies, values and interests as a result of learning through the outplacement process.

He said retrenchment was a forced opportunity to assess career direction and aspirations.