REWARD AND HR SALARIES
Reward salaries outstrip generalist HR titles
From the most junior level of administrator to the top rank of director, compensation and benefits experts are higher paid than those with generalist HR titles who also have some responsibility for managing benefits. That’s the main finding of a new survey by Employee Benefits magazine.
Gender bias
Although the mean salary for respondents overall is £47,946, there is more than a £15,000 difference between the mean salary for men (£59,177) and for women (£43,213). "One reason for the gender bias towards men in terms of higher salaries is that a larger number of women in the sample occupy the low- to mid-ranking roles of administrator, analyst or manager, whether in compensation and benefits or HR generally than men," the report says.
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Key survey results
As many as 71% of respondents receive an annual bonus.
Of those who do, 86% say the bonus is based to some degree on company performance, while 75% have personal performance as a measure, and 17% team or departmental performance.
A fifth of those entitled to an annual bonus received between 5% and 9.9% of their annual salary, while almost a third gained between 10% and 19.9%.
Almost a third (28%) of respondents receive a company car either as a business or perk driver as part of their reward package.
Mean annual salaries
Reward administrator: £24,853
Reward analyst: £33,730
Reward manager: £49,852
Reward director: £91,875
Want to know more?
Title: Employee Benefits Salary Survey, Employee Benefits, October 2008.
Survey details: Employee Benefits magazine surveyed subscribers using an online questionnaire. A total of 543 replies were received. Respondents are responsible for, or contribute to, the management of compensation and employee benefits for staff in their own organisation.
Availability: You can read the survey online at www.employeebenefits.co.uk/cgi-bin/item.cgi?id=7770&d=pg_dtl_art_news&h=0&f=0.
To subscribe to the magazine visit www.centaursubs.co.uk/product.aspx?PRODUCTID=EB&CAMPAIGN=EBONLINE.
Employee Benefits is the “first UK magazine to help companies align their benefits strategy with their corporate objectives.” Published monthly, it covers the full spectrum of benefits – from pensions and health insurance to company cars and crèches. To find out more visit www.employeebenefits.co.uk.