Peopleconnexion PNG is excited to announce the release of our highly-anticipated Salary Guide for 2024/25. Every two-years, Peopleconnexion PNG collects salary and remuneration data, specifically tailored for the unique employment landscape and market in Papua New Guinea.
As recruitment & HR specialists in Papua New Guinea (PNG), we found the most common question among clients and employers was ‘can you provide me with guidance on salaries?’. So, since 2014, Peopleconnexion PNG have sold hundreds of copies of the Salary Guide, as a go-to resource to support businesses and employers in making strategic, fair and competitive compensation decisions.
The Peopleconnexion Salary Guide offers a wealth of industry-specific salary data and insights, making it an essential resource for organisations looking to understand, and align, compensation strategies with real, actionable insights drawn from a large and representative data set of professionals and employers across leading industries in Papua New Guinea.
With the contrasting market conditions and the evolving demands of the workforce in PNG, it is essential for employers to stay informed about salary benchmarks and industry standards to make strategic decisions. Our cultural diversity, coupled with abundant natural resources, continues to lure investors to our doorstep. In addition, the ebbs and flows of national progress in our key green and brown field export sectors have meant the general sectors have had to be more deliberate in their organisational design, building resilience and adaptability to produce improved sustainable outcomes. The days of neglecting the workforce and not investing in them are well behind us, and as we look to the future, we are confident that this publication serves as a critical tool for fostering transparency and fairness in compensation practices, ultimately contributing to the sustained growth and development of our businesses and workforce.
Managing Director, Kristine Berry has emphasised the value of the Guide: "Our Salary Guide is a result of extensive research and the valuable contributions of numerous businesses across PNG. It is designed to be a practical tool for HR professionals, executives, and directors, enabling them to make data-driven decisions that enhance their organisation's competitive edge".
We take great pride in our rigorous data collection process, which ensures the most accurate and representative salary benchmarks. Every year, we strive to enhance our methodologies and expand the scale and scope of the data we collect. This edition has been developed by collating over 8,500 data points, including more than 3,000 responses from the PNG Salary Survey, completed by both local and expatriate professionals. We also gathered data from over 25 companies, representing over 5,000 employees in PNG. These clients provided insights on salaries, hiring intentions, benefits, remuneration packages, and general recruitment and HR trends.
Additionally, Peopleconnexion PNG has leveraged on our Contractor and Placement database, including data and roles from over 500 professionals' salaries in 2024.
Here's what our 2024/25 Salary Survey offers employers:
- Strategic Decision-Making: Informed budgeting and competitive positioning using industry salary data from over 200 positions across 25 key/major industries in PNG.
- Employee Retention data: Tailor competitive packages to specific roles, to combat turnover by understanding general employee retention trends.
- Performance Improvement: Boost motivation and productivity through fair compensation and effective talent management.
- Organisational Planning: Using salary data for future planning, including expansions and restructuring.
To learn more about the 2024/25 PNG Salary Guide or request an invoice, visit the Peopleconnexion website at: https://www.peopleconnexion.com/png-salary-guide-2024-25/
About Peopleconnexion:
Peopleconnexion is a trusted provider of Talent Management Solutions to our clients across PNG and the wider APAC region. Committed to connecting businesses with top talent, Peopleconnexion offers a range of services including Executive Search, Recruitment, Contracting/Labour-Hire, Payroll, Work Permits/Visas, Training and Development and HR Consulting.
