THE brain drain, not spoken about too much these days, will take on a massive surge towards Australia if systems analysts and programmers take recent announcements seriously.
With base salary levels exceeding A$1.3 million (about HK$6.8 million) per annum being proffered, queues will probably start to form down at the Australian Consulate in Wan Chai this morning. But wait! A few days ago in the conservative Melbourne newspaper, The Age , IT industry commentator Lisa Mitchell outlined the Australian Services Union's (ASU) extraordinary endeavour to establish a remuneration award for all IT workers in the country.
The unbelievable base salary levels exceeding A$100,000 per month are only those being mooted by the ASU to capture the attention of the employers and the Industrial Relations Commission.
In real terms, the average salary levels of analysts Down Under vary between $185,000 and $350,000 per annum dependent on experience.
Before anyone goes rushing off to the Aussie Consulate, immigration papers in hand, these real levels are marginally lower on average than those in Hongkong.
An award, in Australian terms, is an enforcible salary scale by which employers are legally bound.