PAY DATA
Bonuses boost HR salary growth
HR professionals saw their basic pay rise by 2.6% at the median over the past 12 months, according to data published by XpertHR Salary Surveys. The survey also reveals a recovery in bonus payments, with salary figures including both basic pay and bonuses rising by 3.6% in the year to 1 September 2010. By comparison, in the 12 months to September 2009, basic pay rose by 3.8% and basic pay plus bonuses by just 0.8%.
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The median salary for an HR director now stands at just under £130,000 a year, excluding bonuses and other payments.
XpertHR says: “In summary, the findings show that salaries have begun to grow again following the recession as bonuses have returned, but that pay growth remains muted - and has actually fallen behind inflation. This means many HR professionals will find themselves worse off in real terms despite having had a pay rise.”
It adds: “Over the coming year, continued slow pay growth will do little more than cushion the impact of rising prices and higher taxes - and in some parts of the economy, most notably in the public and voluntary sectors, even this cushion will be removed as pay freezes continue for many.”
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Title: Salary Survey of HR/Personnel Staff 2010/2011, XpertHR, December 2010.
Survey sample: The report is based on payroll data for 5,454 HR professionals supplied by 136 organisations in the public and private sectors. Pay rise figures are based on matched samples of individual employees included in the survey for two consecutive years.
Survey details: Practitioners covered by the survey work across the whole HR function, with individuals employed in generalist, reward, organisational development and resourcing roles. The survey also covers pension specialists and payroll practitioners.
The HR/Personnel Salary Survey contains analysis of earnings, salaries and bonus payments by company and individual profiles within ten levels of responsibility from HR Director through to trainees. The survey discusses detailed aspects of employee benefits and employment conditions making up the total remuneration package, including pensions, overtime, health insurance and holidays.
Availability: For further information or to subscribe, tel: 020 8652 4653 or visit www.xperthr.co.uk/salary-surveys/hr-salary-survey.
XpertHR is the “UK's most comprehensive online source of legal compliance, good practice and benchmarking information made available to HR professionals as a single subscription service”. For more information visit www.xperthr.co.uk.