Market uncertainty restrains Deloitte staff pay

Softening demand for talent and “unevenness and uncertainty” in the professional services market have driven below-inflation pay increases for Deloitte staff in the 2023-24 financial year.at the firm. Deloitte Australia CEO Adam Powick said that “being open about pay will help drive more equitable outcomes by identifying disparities, reducing bias and creating a fairer and more inclusive remuneration structure”.

Pay at higher levels diverges significantly between audit and consulting. Consulting managers will earn from $128,000 compared to from $110,000 for auditors at the equivalent level. Directors – the final pay grade before the partnership – will receive $195,000 in base salary in consulting, compared to $150,000 in the audit division.Directors and associate directors in audit will receive no pay rise at all this financial year.

. In consulting, KPMG graduates and directors will earn more, while Deloitte staff in the middle of their careers will receive better base remuneration.There’s definitely some uncertainty and unevenness in the market at the moment and, like most businesses, we are being thoughtful and deliberate about our remuneration strategy and actions.”

Employees are eligible for 18 weeks of paid parental leave, with an additional 10-week return-to-work period in which parents can earn full-time pay while working part-time. Firms including Grant Thornton, KPMG and PwC offerWhile the firm did not provide data on its gender pay disparity, Ms McCreery said that “gender pay equity is a non-negotiable for us and we have robust frameworks to mitigate bias to ensure all roles are paid equally”.

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