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The Employment Hero SME Index

To help Australian employers, business leaders and industry representatives keep their finger on the pulse, weโ€™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

May SME Index Update

The Employment Hero SME index is 131.8 points in May 2024, representing a slight increase of +0.8 points month-on-month, representing an annual point increase of +4.6.

May Median Wage Update

In May, the median hourly rate for employees working in Australian SMEs is now $38.67 AUD, this is $0.54 AUD less than the previous month.

The Employment Hero SME Index

$100 billion
in wages processed annually
2 million +
Active users on our platforms
Businesses supported globally
New users join every month

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