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per what i knew, lots of australian companies have started to freeze salary rise for a couple of years since 2012 becoz of economy downturn, which is also the same time rba started to lower interest rate, by doing which they gradually built up bubbles with equity market and properties while they knew the core economy had started to lose its ground...you are very lucky you got salary adjustment(even only CPI pro rata), you are at least luckier than half of the workforce, i even heared some companies in real estate industry stopped to grant salary adjustment for the whole team this year, i have to say when the economy is cold, every employers no matter public or private, will first think of cut down all unnecessary cost, as they always put stakeholders in front of their employees in real world no matter what they say, the boss of any company wants to make sure his/her own position is safe first, they will be ruthless cutting down. |
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