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Senior executive salaries will rise up to 5% in the next 18 months, say UK headhunters

Senior executive salaries will rise up to 5% in the next 18 months, say UK headhunters

But Far East workers could earn significantly more

A new report compiled by InterExec has revealed that 41% of UK headhunters think that senior executive salaries will rise by up to 5% in the next 12-18 months, with 14% of them saying that salaries will rise by more than 5%.

What do you expect to happen to senior executive salaries over the next 12-18 months?

However, the findings also revealed that just under one-fifth (19%) of headhunters believed that a senior executive could earn 51-80% more in salary if they have spent 3 years working overseas in the Far East:

How much more could a senior executive earn if they spent 3 years in the Far East (China, Japan, Hong Kong, Singapore)?

The same survey revealed that, whilst 43% of UK headhunters think that the average senior executive is & lsquo;satisfied’ in terms of work-life balance, only 7% of them think senior executives are & lsquo;happy’ and – out of those surveyed – no headhunters thought that senior executives were & lsquo;very happy’.

How happy do you think the average senior executive is in terms of work-life balance?

The report, which was conducted by InterExec, the Confidential Agent that represents senior executives seeking positions paying &pound150,000 to &pound1m, surveyed a cross-section of the top senior executive headhunters across the UK.

Kit Scott-Brown, managing director of InterExec, commented: “I think the figures reveal a positive outlook in terms of salaries for senior executives.  Most industry sectors are cutting back, but here we see that the vast majority of headhunters believe salaries will rise by 5% or, at the very least, stay the same. Those senior executives who have had the experience of working in the Far East will, it seems, be able to raise their salary expectations even higher.

“However, I think the fact that a large percentage of senior executives are not happy is an issue.  With global economic uncertainty, longer working hours and mounting pressure to exceed expectations, it is no surprise that this eats into their leisure time, creating an unhappy work-life balance.  Saying that, it’s good to see that a significant number of executives are satisfied with their work-life balance.”  

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