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The Employment Hero SME Index

To help Australian employers, business leaders and industry representatives keep their finger on the pulse, we’ve created the Employment Hero SME Index to track the average number of employees per business. We hope this will help businesses benchmark their monthly growth rate.

The Employment Hero SME Index
October SME Index Update

The Employment Hero SME index is 116.6 in October 2022. Although this is an increase of 9.9 points since October 2021, monthly growth is slow but has increased marginally by 1.1 points since September 2022 (last month).

October Median Wage Update

Year-on-year median wages increased overall by +8.4 per cent in October 2022. In October the median hourly rate for employees working in Australian SMEs was $35.00.

The Employment Hero SME Index

$45 billion
in wages processed annually
850,000+
Active users on our platforms
90,000+
SMEs supported globally
7,500
New users join every month

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