Pay of compensation and benefits specialists continues to outstrip other HR disciplines

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)

  • whole sample (23 jobs)

37,000

  • organisation with 1,001—4,000 employees

35,155

  • organisation with over 10,000 employees

40,000

  • financial services sector

40,000

  • London

35,310

  • south east

38,673

Bonus (median)

2,825

Total pay (median)

40,000

Per cent with:

  • company car

17.4%

  • mobile phone

33%

  • 25 or more days' holiday

85%

  • private health insurance

70%

  • permanent health insurance

32%

Source: The Reward Group.

Want to know more?

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.