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    Market Intelligence3 min read7 Sept 2026

    The Perk Swap: What 125,000 Job Ads Stopped Promising - The Pointer Index Issue 21

    Ricky PearlBy Ricky Pearl · Co-Founder

    Six months of ANZ GTM job ads: learning budgets down 73%, wellness budgets halved, bonus mentions up 60%. Advertised pay never moved, the offer changed.

    The Perk Swap: What 125,000 Job Ads Stopped Promising - The Pointer Index Issue 21

    Issue 21 of The Pointer Index · Week ending 6 September 2026

    Nothing moved this week, so we read the whole archive instead: 125,113 GTM job ads collected since March. The clearest change in them has nothing to do with headcount or pay. It is the offer itself.

    Learning and development budgets appeared in 12.6% of ANZ GTM job ads in May 2026 and 3.3% in September, a 73% fall

    The perks that vanished

    In May, one GTM ad in eight promised a learning and development budget. In September so far, one in thirty. Wellness budgets followed the same slope, from 9.2% of ads to under 5%.

    Share of ANZ GTM job ads offering a learning budget, a wellness budget, and a bonus, April to September 2026. Learning falls from 12.2% to 3.3%, wellness from 8.8% to 4.3%, bonus rises from 4.7% to 7.3%

    By function, April against August:

    Learning-budget mentions by GTM function, April versus August 2026: Customer Success 17.8% to 4.7%, account management 13.7% to 5.2%, sales 11.5% to 4.4%, marketing 10.2% to 4.6%

    Every function fell. There is no exception to point at.

    What took their place

    Bonus mentions climbed 60% from April to August. Uncapped-commission language went from 1.8% of ads to 3.8%. Ads naming an actual OTE figure went from 1.5% to 2.2%.

    Advertised base pay sat still through all of it: thirteen straight weeks with the median inside the $97,500 to $102,500 band.

    The extra budget is moving from development and wellbeing to performance-based pay. Maybe paying the mortgage is more attractive than a spa day.

    Three small prints

    The four-day week never arrived. Roughly one GTM ad in a thousand offers it. That number has not moved in six months.

    "No visa sponsorship" is rising. Ads that rule it out in writing went from 4.9% to 6.5%, up a third. Ads that offer it sit near 0.1%.

    The leave pillar survived. Parental leave and extra-leave-days mentions held steady while the rest was trimmed.

    The numbers this week

    The active pool closed at 5,779 GTM roles, up 1.3% on the week and level with its four-week average. 5,109 roles opened, 6,086 closed. Median advertised base: $99,730, transparency 15.8%.

    The Pointer Index for the week ending 6 September 2026: active pool 5,779 GTM roles, up 1.3%, median advertised base $99,730, salary transparency 15.8%, learning budgets in 3.3% of ads

    The number to watch: 3.3%. That is where learning-budget mentions sit today. If the market turns, it should be one of the first numbers to recover. We will be watching for the floor.

    Ricky Pearl

    Written by

    Ricky Pearl

    Co-Founder, Pointer Strategy

    Former Head of Commercial Sales. Founder & CEO (exited). 6 years building recruitment and enablement systems for ANZ's top SaaS companies.

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