Professionals will sacrifice pay to move into dream profession

Almost half of Australian professionals would be willing to take a pay cut to move into their dream profession, according to the latest research from specialist recruitment consultancy Robert Walters.

The survey of over 1000 Australian professionals found that 46% of professionals would take a pay cut to move into their preferred profession, 67% of those professionals were willing to lose up to $5000 from their current salary. 18% were willing to take a cut of up to $10,000, while 15% were willing to lose over $10,000.

Robert Walters, Director Michelle Cottrell adds, "Our research consistently show that remuneration ranks highly in what the average professional wants, but is rarely first on the list. This research shows that most professionals are willing to sacrifice pay to be in a role they enjoy and are engaged in. Organisations should keep this in mind when searching for new talent and retaining their current teams. To keep your best professionals you must offer attractive benefits, progression and projects that will keep employees engaged."

The findings also found that mining and engineering was the most popular profession to move into (20%), followed by banking (16%) with information and technology and human resources at 12%.

For more information please contact Lillian Hafez on +61 2 8289 3237 or lillian.hafez@robertwalters.com.au.

About Robert Walters
Robert Walters is one of the world's leading global recruitment consultancies, specialising in the placement of permanent, contract and temporary positions across all levels of seniority. Our teams of professional consultants are renowned for their professionalism, integrity and exceptional recruitment consultancy services. Using a flexible approach to recruitment, we are committed to matching client needs to candidate aspirations to create mutual benefit for both. In Australia we have offices in Adelaide, Brisbane, Chatswood, Melbourne, Parramatta, Perth and Sydney.