New survey of salaries for reward specialists

PAY DATA

For the first time, IDS Management Pay Review takes a look at the recruitment market for compensation and benefits specialists. After contacting recruitment consultants and examining over 100 job advertisements, IDS concludes that "activity in the market is buoyant, particularly at senior levels".

At the higher end of the salary scale, opportunities are outstripping supply while at the lower end of the scale, demand and supply are at similar levels, with plenty of good jobs available for candidates with the most sought-after qualities.

Over the next 12 months, demand is expected to continue on an upward trend.

Among the main pay findings:

The highest median starting salary was £77,500 for senior managers/heads of compensation and benefits.
In contrast, the lowest-paid position was for a compensation and benefits administrator/assistant with a median salary of £20,850.

A final word

"Top compensation and benefits specialists are in demand and this is being reflected in the salaries they can command, say recruitment consultants working in the field. Against a background of an uncertain economy, redundancies, mergers and acquisitions, compensation and benefits specialists are playing a crucial role in the internal reshaping of organisations." -- IDS Management Pay Review 274, December 2003.

Want to know more?

Title: "Compensation and benefits specialists", IDS Management Pay Review 274, December 2003, Incomes Data Services.

Methodology: The three-page report offers a "detailed indication of current recruitment salaries" for a range of comp & ben positions based on over 100 job advertisements appearing in Personnel Today, People Management and on the internet between October and November 2003. Information is also provided on the average length of experience required for each position. Further breakdowns in salary levels by industry and region are also provided.

Availability: Call IDS customer services in London, tel: 020 7250 3434. For a fuller flavour of this service, take a look at the list of recent issues of IDS Management Pay Review together with abstracts which can be found on the IDS web site at www.incomesdata.co.uk/mpr/mprservice.htm

Incomes Data Services is an independent research organisation providing information and analysis on pay, conditions, pensions, employment law and personnel policy and practice in the UK and rest of Europe. For more information about IDS jump to www.incomesdata.co.uk

Posted 16 December 2003