The Black Swan EST10 Salary Guide | Q3 2020/2021

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The Black Swan EST10 Salary Guide | Q3 2020/2021
EST10 Salary Guide | Q3 2020/2021

             The Black Swan
The Black Swan EST10 Salary Guide | Q3 2020/2021
“
Each man should frame life
so that at some future hour
fact and his dreaming meet.
                              Contents
                              Director's Note                       4
                              Market Insights                       7

                          ”
                Victor Hugo   Advice for Job Seekers               10
                              Advice for Hiring Managers           12
                              Salaries and Skills                  15
                              Permanent Salary Ranges              16
                              Temporary Salary Ranges              17
                              Skills and Qualities Required        18
                              Position Descriptions                20
                              Executive Assistant                  21
                              Senior/C-Suite Executive Assistant   22
                              Personal Assistant                   23
                              Office Manager                       24
                              Customer Service Team Leader         25
                              Human Resources Coordinator          26
                              Team Assistant                       27
                              Marketing Coordinator                28
                              Customer Service Representative      29
                              Receptionist                         30
2                                                                        3
The Black Swan EST10 Salary Guide | Q3 2020/2021
Director's Note
    2020 presented Australia and the          skill to recognise and discern what      COVID-19 was and still is a black swan    “We were all born with wings. In times
    world with unforeseeable difficulties     was working for us and, you, our         event, a theory developed in 2007 by      of doubt: spread them.”
    and challenges. Whilst we are not         clients & candidates, and of course,     Professor Nassim Taleb. An outlier
    through the other side, a positive        what was not working.                    event, with extreme consequences,         Kevin Myers
    future is in sight and we believe 2021                                             that in hindsight we might have
    has promise!                              We collected and captured the signs      predicted. This black swan event has
                                              and emerging patterns relevant to our    transformed the world we live in.
    For EST10, 2020 was one of our            industry and the future employment
    toughest years. I am grateful however     landscape.                               We have already seen positive signs
    for many of those challenges. It                                                   and indicators and have faith this        Roxanne Calder
    provided an opportunity for reflection,   By accepting the outer circumstances     year will present Australia with strong   Managing Director
    introspection and ultimately posing       instead of ‘fighting’ them, we learned   recovery opportunities.
    the forever essential question of our     we always have a choice, even in the
    purpose and connection to society.        most challenging moments.                A vaccine is in production and with
                                                                                       that, the hope of borders opening and
    It awakened our dreams and                Personally, and collectively, our        international travel.
    welcomed inspiration, creativity, and     resilience and endurance have been
    the necessity to establish relevant       flexed, tested, and strengthened.        We have entered the year knowing
    changes within our business.              It has provided me an immense            we have made it through last year
                                              appreciation for history and all that    and with gratitude for the kindness,
    As a recruitment business, the nature     was endured before us.                   compassion, and wisdom we have
    of our job is to distinguish between                                               acquired.
    fact and fiction. We used this habitual

4                                                                                                                                                                         5
Market Insights
    This guide will share our available                             To what the next few months might
    information and analytics. We hope it                           look like, The Reserve Bank of
    helps you to understand the current                             Australia predicts ‘GDP is not expected
    market and emerging opportunities.                              to return to its pre-pandemic level
                                                                    until the end of 20212’.
    Economy
                                                                    According to economists, a good
    In June 2020, Australia entered a
                                                                    indicator of the real impact
    recession, reported as the deepest
                                                                    of the recession is the rate of
    since the Great Depression in the
                                                                    unemployment.
    early 1930s. Technically we may
    be out of the recession, however,                               Unemployment rate
    unpredictability remains.
                                                                    The most recent unemployment
    In September, economists forecasted                             rate released for December is 6.6%.
    a ‘modest expansion in GDP1’, a                                 A figure still somewhat higher than
    prediction that has been reflected,                             the pre-COVID rate of 5.1% but an
    with the September quarter seeing                               improvement on the July peak of
    a rise in GDP by 3.3%. A positive                               7.5%.
    sign, however, set against a fall of
    7% the previous quarter, the figures                            Underemployment is another critical
    demonstrate a 3.8% overall decline                              measure; it includes part-time
    through the year.                                               workers who want more hours or
                                                                    full-time workers who did not work
                                                                    full-time hours.
6                                                                                                                              7
    1
        https://www.msn.com/en-au/money/markets/what-does-being-in-a-recession-mean-and-what-does-it-mean-for-me/ar-BB18C8XF
    2
        https://www.rba.gov.au/publications/smp/2020/nov/economic-outlook.html
Underemployment has returned                               permanent positions.                                  Full-time and part-time employment
close to its pre-COVID rate, 8.5% for
December 2020 compared to 8.2% for                         In over 50% of cases, the permanent                   As new norms and habits have been
December 2019.3.                                           roles secured were not the original                   established, we have seen a swing
                                                           temporary position candidates were                    towards part-time opportunities being
                                                           employed in.                                          sought instead of full-time work.
                                                                                                                                                                                  To note: It is estimated that
                                                           Candidate availability in the temp                    In seasonally adjusted terms, in                                   one in five of Australia’s
                                                           market has also shifted. With                         December 2020:                                                        highly skilled expat
                                                           restrictions on travel remaining,                                                                                        community has returned
                                                                                                                        »     Full-time employment
                                                           there are fewer Working Holiday                                                                                           home in 2020, with the
                                                                                                                              increased by 35,700 to
                                                           Visa candidates available. However,                                                                                    trend continuing in 2021. In
                                                                                                                              8,761,400 people, and part-
                                                           people who would ordinarily focus on                                                                                   October of 2020 - the federal
                                                                                                                              time employment increased
                                                           permanent employment are open to                                                                                        government said 398,000
                                                                                                                              by 14,300 to 4,149,300 people
                                                           temporary assignments or short-term                                                                                      Australians had returned
                                                           contract roles. We have also seen an                         »     Over the year to December                                since mid-March4.
                                                           increase in candidate flexibility when                             2020, full-time employment
                                                           considering different roles.                                       decreased by 75,900 people
                                                                                                                              and part-time employment
    Changes in the temp market                             This provides employers with a                                     increased by 12,000 people
                                                           wonderful opportunity to leverage
                                                                                                                        »     The part-time share of
    We continue to see an increase in                      some of these talented individuals’
                                                                                                                              employment over the past
    the demand for temporary staff                         expertise and experience.
                                                                                                                              12 months increased 0.3
    and candidates being converted to                                                                                         percentage points to 32.1%3
8                                                                                                                                                                                                                                     9

3
    https://www.abs.gov.au/statistics/labour/employment-and-unemployment/labour-force-australia/latest-release   4
                                                                                                                     https://www.foreignminister.gov.au/minister/marise-payne/media-release/more-flights-helping-australians-return
Advice for Job Seekers
 The job market is gradually                to stay. We suggest job seekers           Remain flexible
 improving; however, volatility still       take responsibility for their own skill
 exists, as outbreaks emerge and            development and become ‘skill-            Be open to what your role may look
 restrictions change. If you are looking    aware’. This includes understanding       like today, tomorrow and in the
 for a new role and have carefully          technology.                               future. Evolve with the change and
 considered it, now could be the time                                                 contribute to the navigation of it.
 to make a move.                            This awareness may be confronting         Future proof your employability. The
                                            at first. It includes an accurate         days of following set ‘job descriptions’
 There has been a shift in the mindsets     assessment of your weakness and           have gone. Job descriptions will be
 of employers and job seekers.              strengths, proactiveness in acquiring     evolving, creating their own story and
 Employers increasingly ask for a           new skills, and being realistic about     entity.
 ‘values’ match as well as competency       skills that may have been relevant
                                                                                      Think big picture
 for the job. Some of the key attributes    in the past but are not necessarily
 we hear mentioned as important are         transferable or useful for your job or    If looking for a new job, know what
 loyalty, trustworthiness, and integrity.   industry in the future.                   it is you are looking for - well before
 We share this with you in encouraging                                                starting the job application process.
 you to be ‘you’ at interview.              ‘Working from home’ has continued         This will help you with your decision
 Transparency is key for everyone in        to be more of a norm, which will          making. Being reactive and with
 today’s new world.                         remove geographical distances and         a short-term view will not serve
                                            open up opportunities.                    you now. Continue to dig deep in
 Emerging jobs in the administration                                                  evaluating your decisions on all levels;
 space are becoming increasingly                                                      whether to leave a job and whether to
 skills driven and this trend is here                                                 accept a job offer.

10                                                                                                                               11
Advice for Hiring Managers
 There has been a dramatic increase         note, until a candidate has a contract   this, the reluctance of people to leave    other opportunities - this is less likely
 in confidence levels for hiring. Salary    and letter of offer, they do not feel    secure roles, unlike pre-COVID times,      now and becoming a more formidable
 levels have also increased, particularly   secure - despite any verbal offers.      bringing a further constriction for        proposition.
 for the more senior positions.                                                      talent supply.
                                            Last year, we witnessed an                                                          Another consideration to take into
 As businesses get back in the ‘game’,      unprecedented number of offers           Pre-COVID, we were already                 account is exceptional candidates
 they will need to accept the changes       being withdrawn - despite contracts      experiencing a severe tightening of        who are available, commonly receive
 and offer the same flexibility they        being issued. As such, I am sure you     the talent pool; however, candidates       multiple offers.
 expect from candidates.                    can understand the sentiment of          were more likely to leave their jobs for
                                            candidates on this issue. In addition,
 Along with offering competitive            as our recommendation, ensure the
 salaries, an efficient recruitment         start date occurs as soon as possible!      Best practice
 process will assist in securing your
 candidate. Understanding the               Is it a market for employers?                »    Secure approvals before starting your hiring process
 candidate/job seeker psychology                                                         »    Work with one agency exclusively - multi-listing is so 2020
 is critical, with job security being       Like a broken record, the availability       »    Prepare contracts and pencil in all interviews in advance
 number one on their agenda right           of ‘talent’ remains a challenge.             »    Interview all candidates within 2-3 days of shortlist presentation
 now.                                       ‘Job Seekers’ does not correlate to          »    Multiple interviews to be on the same day or within 3 days
                                            availability of talent.                      »    Consider ‘wildcard’ candidates
 We have seen delays between                                                             »    Offer on the same day as the final interview or the day after
 interviewing to offering and issuing       From mid-December, there has                 »    Provide an offer, pending references
 contracts, resulting in candidates         been an increase in job vacancies for        »    Issue contract ASAP - no later than 24 hours from offer
 accepting alternative job offers. To       administration professionals. Add to

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Salaries and
     Skills...
          “Build your skills, notSheryl
                                    your resume.
                                        Sandberg
                                                   ”
14                                                 15
Permanent Salary Ranges                                                              Temporary Salary Ranges
Annual Salary $                50k 60k 70k 80k 90k 100k 110k 120k 130k 140k 150k +   Hourly Rate $                  20   30   40   50   60
Senior/C-Suite EA                                                                    Senior/C-Suite EA

Personal Assistant                                                                   Personal Assistant

Executive Assistant                                                                  Executive Assistant

Office Manager                                                                       Office Manager

Customer Service Team Leader                                                         Customer Service Team Leader

HR Coordinator                                                                       HR Coordinator

Team Assistant                                                                       Team Assistant

Marketing Coordinator                                                                Marketing Coordinator

Customer Service Rep                                                                 Customer Service Rep

Receptionist                                                                         Receptionist

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                                                                                    HR Assistant

     Receptionist
                                                                   Team Assistant
                                                                                                                                  Office Manager
                                                                                                                                                                                              Senior/C-Suite EA
                                                                                                                                                                         Personal Assistant
                                                                                                                                                   Executive Assistant

                    Customer Service Rep
                                           Marketing Coordinator
                                                                                                   Customer Service Team Leader
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                                                                                                                                                                                                                  Resilience

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                                                                                                                                                                                                                  Extreme discretion

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                                                                                                                                                                                                                  High EQ
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                                                                                                                                                                                                                  Strong communication
                                                                                                                                                                                                                  Ability to juggle conflicting
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                                                                                                                                                                                                                  priorities
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                                                                                                                                  l                                                                               Strategic thinker
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                                                                                                                                                                                                                  Tech-savvy
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                                                                                                                                                                                                                  Project management skills
                                                                                                                                                                                                                                                    Skills and Qualities Required

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                                                                                                                                                                                                                  Strong time management
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                                                                                                                                                                                                                  Problem-solving approach
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                                                                                                                                                                                                                  Leadership
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                                                                                                                                                                                                                  Conflict resolution
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                                                                                                                                                                                                                  Negotiation
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                                                                                                                                                                                                                  Interpersonal skills
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                                                                                                                                                                                                                  Stakeholder management
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                                                                                                                                                                                                                  Highly analytical
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                                                                                                                                                                                                                  Detail-oriented
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                                                                                                                                                                                                                  Team player
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                                                                                                                                                                                                                  Quick thinker
                                                                                                                                                                                                                  Understanding of customer
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                                                                                                                                                                                                                  profiles
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                                                                                                                                                                                                                  Mastery of language
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                                                                                                                                                                                                                  Investigative research skills
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                                                                                                                                                                                                                  Adept multi-tasker
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                                                                                                                                                                                                                  Innovative and creative
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                                                                                                                                                                                                                  Patience
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                                                                                                                                                                                                                  Adaptability
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                                                                                                                                                                                                                  Understanding of CRM
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                                                                                                                                                                                                                  Ability to work autonomously
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                                                                                                                                                                                                                  Strong customer service skills
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                                                                                                                                                                                                                  Impeccable presentation
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                                                                                                                                                                                                                  Willingness to learn and assist
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Position                                           Executive Assistant
                                                    An Executive Assistant is the
                                                    professional deputy. They keep
                                                                                             Duties include:

 Descriptions...                                    everything running smoothly and
                                                    make the Executive’s life easier.

                                                    The Executive Assistant role can vary
                                                    depending on the size of the company
                                                                                                »
                                                                                                »
                                                                                                »

                                                                                                »
                                                                                                    Diary and travel management
                                                                                                    Meeting coordination
                                                                                                    Expense and invoice
                                                                                                    processing
                                                                                                    Email management
                                                    and the level of the Executives they        »   Stakeholder liaison
                                                    are supporting.                             »   Answering and fielding calls
                                                                                                »   Taking minutes and typing
                                                    In a small to medium company, this          »   Query resolution

      “jobA description,
                                                    salary bracket can encompass an EA
            skilled worker, regardless of the       at Managing Director or C-Suite level.
                                                    However, in a larger organisation, the
                         remains a treasure.        candidate is more likely to support at
                                                    Executive General Manger level and
                      Madeleine M. Kunin            have multiple executives.

                                                ”   The support provided may be
                                                    a mixture of both personal and
                                                    professional, with varying degrees of
                                                    access to diary and inbox.

20                                                                                                                                 21
Senior/C-Suite Executive Assistant                                                  Personal Assistant
 Executive Assistants (EA) make their        Duties include:                         A Personal Assistant (PA) makes            Duties include:
 C-Suite Executive look fabulous by                                                  an Executive’s household and life
 organising and simplifying their               »   Complex diary and travel         run like a dream! PA’s take care of           »   Household management
 work-life. At the most senior level,               management                       your personal/home administration             »   Running personal errands
 an Executive Assistant works in                »   Inbox management                 including household management and            »   Event organisation
 partnership with their C-Suite                 »   Board meeting attendance         staff.                                        »   Management of properties,
 Executive.                                     »   Research and reports                                                               cars, boats, art, etc.
                                                »   Stakeholder liaison              Personal Assistant’s look entirely after      »   Project management
 As well as full access to their diary and      »   Handling of confidential files   personal duties supporting people             »   Family coordination
 emails, the Executive will lean on their       »   Project management               such as high net worth individuals            »   Travel arrangements
 EA for strategic support. Adopting a           »   Strategic support for the CEO    (HNWI), entrepreneurs, celebrities            »   Banking/investments
 Business Manager or Chief of Staff                 and chair                        and their households.                             management
 role is not unusual. Often the role
 will incorporate project work - both                                                Some CEOs will have an EA, as well
 managing and assisting, possible HR                                                 as a PA, as they provide two distinct
 functions, as well as managing junior                                               services. PA roles are demanding
 administration staff.                                                               often requiring an individual to
                                                                                     be on-call 24/7 and will take care
 This role will vary depending on the                                                of all varied aspects. Discretion,
 Executive; however, trust at this level                                             understanding boundaries and
 is always the common denominator.                                                   confidentiality are all key for these
                                                                                     positions.

22                                                                                                                                                                 23
Office Manager                                                                    Customer Service Team Leader
 Office Managers are the go-to person     Duties include:                          A Customer Service Team Leader is         Duties include:
 in the office. No matter the problem,                                             the motivator and cheerleader for
 an Office Manager knows how to fix it       »   Policy creation and               the team, keeping morale high and            »   Coordination of the customer
 (or know the right people to call!).            implementation                    supporting Customer Service Reps.                service team
                                             »   Organising the office                                                          »   Management of customer
 With companies making cost                  »   Research and reporting            The Team Leader manages teams                    escalations
 reductions and watching their               »   Stakeholder liaison               of up to 50 people, with calls mostly        »   Hiring and training of new staff
 headcount, we have seen the Office          »   HR functions, IT and facilities   inbound and servicing customers.             »   Monitoring and evaluation of
 Manager role growing and absorbing          »   Project management                                                                 team performance
 Executive Assistant, Administration         »   Team event organisation           Communication and interpersonal              »   Process improvement
 Assistant and, in some cases,               »   Management of junior support      skills are key to successfully managing      »   Providing customer support
 Reception duties.                               staff                             team performance and resolving               »   Action and implementing SOPs
                                                                                   customer enquiries. Leading by               »   Overseeing day-to-day
 Office Manager positions can also                                                 example is a must, from providing                operations
 vary depending on the needs of the                                                excellent customer service to accurate
 business. This can move to encompass                                              information sharing, updating systems
 some aspects of HR, accounting,                                                   and on-time reporting.
 IT, OHS and facilities management
 duties. Therefore, a successful Office                                            New challenges include managing
 Manager will ensure business-wide                                                 communication across platforms
 effectiveness and efficiency through a                                            and navigating a work from home
 proactive and reactive approach.                                                  environment.

24                                                                                                                                                                 25
Human Resources Coordinator                                                      Team Assistant
 Human Resources (HR) Coordinators         Duties include:                        Team Assistants (TA) make great           Duties include:
 are the ‘people people’! They want                                               jugglers - supporting a team, they look
 everyone to love their job and to keep       »   Compilation of personnel data   after multiple people with conflicting       »   Diary and email management
 your teams happy.                                and preparation of reports      interests - without dropping the ball.       »   Travel coordination
                                              »   Coordination of recruitment                                                  »   Processing expenses and
 Due to the growing availability of HR            activities                      In recent years, we have seen an                 invoices
 technology, there has been a shift in        »   Receiving and answering         upward trend in the number of                »   Taking minutes and typing
 the functionality of the role with many          queries                         people a TA supports, and this has not       »   Formatting presentations
 companies opting for a Recruitment           »   Assisting with onboarding       changed.                                     »   Research and reporting
 Coordinator or even a strong Team            »   Liaising with internal                                                       »   Providing ad hoc team support
 Assistant to take on some of the HR              stakeholders                    This role is the true steppingstone          »   General administration
 tasks.                                       »   Arranging internal and          to becoming a successful Executive
                                                  external training               Assistant while learning to prioritise
 For companies still preferring to            »   Processing of job and           and maintain expectations of multiple
 hire HR Coordinators, the roles are              entitlement applications        people and communicating effectively.
 more administrative and focus on             »   Storing and retrieving files
 coordination as opposed to strategy                                              The typical breakdown of a TA
 and the technical side of HR.                                                    position will see 20% of the time
                                                                                  focused on the senior individual in the
 An HR Coordinator must be highly                                                 team, with the remaining 80% spread
 organised, comfortable with working                                              across the remaining members.
 to tight deadlines and a people
 person.

26                                                                                                                                                                 27
Marketing Coordinator                                                                  Customer Service Representative
     Making the organisation look great,      Duties include:                           Customer Service Representatives are      Duties include:
     Marketing Coordinators ensure your                                                 the relationship builders of a business
     brand message is on point and the           »   Research and reporting             - they are the glue that keeps a             »   Resolving customer queries
     right people know your name.                »   Management of website/blog/        business connected to its customers.         »   Providing technical or product
                                                     social media                                                                        support
     Marketing support roles can vary            »   Content creation                   Customer Service roles vary                  »   Making and receiving
     in titles (Assistant, Coordinator,          »   Monitoring of the market           depending on the company and team;               customer calls
     Executive), salaries and duties             »   Coordination of print collateral   from processing customer orders              »   Updating databases
     depending on the company.                   »   Sending email campaigns            and assisting customer queries, to           »   Sending and receiving emails
                                                 »   Providing support for business     handling complaints. Within the              »   Processing invoices and orders
     In small or medium-sized businesses,            projects and events                role, it is essential to communicate         »   Following up with suppliers
     the role can be more focused                »   Organising events                  effectively, listen well and identify            and/or couriers
     on profile, measuring market                                                       when an issue may need to be                 »   Providing exceptional
     performance and revenue generation.                                                escalated.                                       customer service
     Contrastingly, marketing support roles
     in larger businesses can be geared                                                 Traditionally, the roles were primarily
     towards a specific area of marketing.                                              phone-based and situated in an
                                                                                        office environment. Recently we
     Regardless, candidates must be able                                                have seen a shift in these roles.
     to speak the language of the brand.                                                Representatives can utilise technology
     They need to understand the vision                                                 to work from home and communicate
     and ensure all activities are aligned.                                             with customers across a range of
                                                                                        platforms.

28                                                                                                                                                                        29
Receptionist
 The Face of the Company, Director        Duties include:
 of First Impressions or Concierge -
 whatever the title may be, the role         »   Meeting and greeting clients
 is to make everyone entering the            »   Maintaining the reception
 company feel welcome.                           area
                                             »   Distribution of mail and
 In regular times, ‘reception’ has               deliveries
 always been a pivotal part of an            »   Answering and transferring
 office, especially for those companies          calls
 with a client-facing nature such as         »   Fielding queries
 finance and professional services.          »   Receiving and resolving
 With remote working, we have seen a             complaints
 dramatic decrease in the demand for         »   Ad hoc administration
 new roles and vacancies.                    »   Accepting deliveries

 For some industries, the role of
 the Receptionist has manifested
 differently. Their Receptionists have
 adapted, learnt more administrative
 skills and become the ‘go-to’ person
 for basic administration duties.

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Contact Us
 Level 10, 66 Hunter Street, Sydney, NSW 2000
 t 02 9002 0222
 e info@est10.com.au
 www.est10.com.au

32
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