September Quarter 2016 Enterprise Bargaining Trends
The September 2016 quarter wage growth results for enterprise bargaining provides an increase in wage outcomes in all sectors. There is a significant increase in the construction sector, although this is primarily due to union pattern agreements on construction projects in NSW and Victoria.
The increases do indicate that the market correction in the post resources boom wage market has plateaued, and there is likely to be moderate wage growth over the next 12 months. The rationalisation of excess labour markets has occurred and the scarcity of labour resources in certain sections may arise.