Reward jobs are the best paid in personnel

PAY DATA

Reward jobs are the best paid in personnel

Reward managers have the best paid jobs in the personnel field, earning 12% more than the average salary for the profession, reveals the latest salary survey of personnel staff from Croner Reward in association with the Chartered Institute of Personnel and Development.

Commenting on this finding, Charles Cotton, CIPD reward adviser, says: ''Reward practitioners are currently engaged in some of the most challenging and exciting aspects of remuneration and recognition, such as pensions and retirement, reward and diversity, and executive remuneration and corporate governance. I am not surprised that they enjoy such a premium."

Key findings

• Personnel directors employed in private sector service firms enjoy a pay premium of 19% over the going rate, while their colleagues in manufacturing and public services receive 5% less and those in the voluntary sector get 13% below the average.
• While 95% of HR professionals surveyed said their employers offered a pension scheme, only 66% were offered a defined benefit scheme, compared with 90% in 1994. By contrast, defined contribution schemes have grown from 10% of organisations offering such a scheme in 1994 to 34%.
• The level of provision of company cars for personnel directors has dropped by 9% since last year, which continues the trend in recent years away from company car perks.

Want to know more?

Title: Personnel Rewards, by Croner Reward in association with the Chartered Institute of Personnel and Development.

Methodology: The research is based on data from 7,825 HR jobs in over 1,500 organisations from the public, private and voluntary sectors. This 120-page report is published annually providing data by company size, activity, location, gender and CIPD grade. It provides remuneration data for jobs at all levels from personnel director to clerk and includes ten of the personnel department's most common jobs, highlighted as benchmarks, with job descriptions and all the relevant pay and benefits data brought together on one page for easy reference.

Availability: For further information, contact Croner Reward's customer services team on tel: 01785 813566 or visit www.croner-reward.co.uk.

The Chartered Institute of Personnel and Development has over 118,000 members and is the UK's "leading professional institute for those involved in the management and development of people".

Croner Reward is one of the UK's leading providers of pay and benefits data publishing over 60 different regional, national and industry specific salary surveys each year. In addition, its consulting team provides a range of services to its clients. Find out more at www.croner-reward.co.uk

Posted 5 May 2004