SALARY INFORMATION
Pay of compensation and benefits specialists continues to outstrip other HR disciplines
Compensation and benefits managers could expect to earn 12% more than other HR specialists, according to results from a new survey of CIPD members undertaken by the Reward Group.
Basic annual salaries for compensation and benefits managers are £37,000 at the median, compared with a figure of £33,000 for personnel managers. The equivalent total cash figures are £40,000 and £34,000 respectively.
Basic salaries exclude any form of bonus or profit share, but do include guaranteed cost-of-living allowances such as London weighting. Total pay includes basic salary, bonus, profit share, overtime, and other cash payments.
Pay package of compensation and benefits manager (rank 2)
|
| £pa |
| Basic pay (median) |
|
| 37,000 |
| 35,155 |
| 40,000 |
| 40,000 |
| 35,310 |
| 38,673 |
| Bonus (median) | 2,825 |
| Total pay (median) | 40,000 |
| Per cent with: |
|
| 17.4% |
| 33% |
| 85% |
| 70% |
| 32% |
Source: The Reward Group.
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Title: Personnel rewards, published by the Reward Group and Chartered Institute of Personnel and Development.
Methodology: Questionnaire sent to 25,000 members of the CIPD and a further 5,000 mailed to selected personnel professionals in October and November 2000. Supplemented by appropriate matching data from Reward Group's database.
Sample size: Some 2,000 questionnaires were returned. The total data analysed in the survey was 7,556 jobs from around 1,500 organisations.
Availability: contact the Reward Group in Stone, Staffordshire, tel: 01785 813566, or email enquiries@reward-group.co.uk.
The Reward Group is one of the UK's leading publishers of salary surveys and also provides advice on a wide range of remuneration-related issues. For further details jump to . . . www.reward-group.co.uk.
For a free demonstration of its online database, take a look at the SalarySearch web site . . . www.salarysearch.co.uk.