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The need for realistic salary expectations
On this special episode of The Lawyers Weekly Show, produced in partnership with Naiman Clarke, we discuss why it is so important for lawyers who are hoping for pay rises in the new financial year to be pragmatic about what salary increases they can garner in the current climate.
Host Jerome Doraisamy welcomes back Naiman Clarke director Elvira Naiman to discuss whether we are in danger of seeing lawyers have unrealistic expectations about their potential salary increases, why lawyers may be anticipating higher-than-normal pay rises, the factors that can and will drive the quantum of increases, and how a potential recession might impact such eventualities.
Ms Naiman also reflects on the potential outcomes for lawyers who may find that their salary increases aren’t in line with what they were expecting, whether there could be increased movement between employers in the near future, the salary ranges we might be able to expect in the near future, the incentives being offered by employers in place of bigger salary increases, how to temper one’s expectations, and discusses Naiman Clarke’s upcoming salary guide.
To learn more about Naiman Clarke, and find out about its upcoming salary guide, click here.
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