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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
January SME Index Update

The Employment Hero SME index is 129.9 points in January 2024. This is an increase of 5.4 points since January 2023, there has been marginal increase (0.4 points) since December 2023.

median wage is $38.60 jan 2024
January Median Wage Update

In January, the median hourly rate for employees working in Australian SMEs is now $38.60 AUD, this is $0.39 AUD more than December.

SMEs across all states reported growth in Median hourly rates annually, and median hourly rates have also increased month-on-month.

The Employment Hero SME Index

$45 billion
in wages processed annually
2 million +
Active users on our platforms
Businesses supported globally
New users join every month

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