Survey reveals rise in recruiters earnings and job satisfaction - REC
Survey reveals rise in recruiters’ earnings and job satisfaction - REC
Eight out of ten recruiters (81 percent) are satisfied in their job, according to the Salary and Benefits Survey 2013 published today by the Recruitment and Employment Confederation (REC). This marks an increase in the proportion of recruiters saying that they are happy in their career compared to four years ago when only 72 percent reported being satisfied.
This could be explained by some of the other results from the survey, which reveals that recruiters’ basic salary has increased by 29 percent since 2009, that 42 percent of recruiters received a pay rise this year and nine out of ten have the opportunity to earn a bonus.
Key findings about recruiters’ salary and bonuses include:
? Consultants take home an average basic salary of £27,820, which rises to £38,885 after commission and bonuses.
? Managers’ average basic salary is £48,034, rising to £59,859 after commission and bonuses.
? One in four consultants and a third of managers receive a monthly bonus of between £2,000 and £5,000
Recruiters’ responses to questions about benefits and holiday entitlement reveal that:
? Team drinks and social functions (85 percent), training (73 percent) and mobile phones (62 percent) are the benefits recruiters most frequently reported as being on offer at work.
? Benefit packages have improved since 2009 with higher proportions of recruiters now entitled to pensions (56 percent), company cars (51 percent), health club membership (23 percent) and share option schemes (22 percent).
? Seven out of ten managers are entitled to 25 days or more of holiday each year whereas less than half (43 percent) of consultants are permitted to take that much paid leave.
REC chief executive Kevin Green says:“We know that pay and benefits aren’t the only reasons recruiters love their jobs. The buzz of a fast-paced business, the variety of activity and the satisfaction of helping people find work are rewards in themselves. That said, we hope insights from this data are useful to managers and consultants who want to benchmark themselves within the industry and to business owners who want to know what to offer staff to attract and retain talent.
“In 2009, when we last assessed recruiters’ salary and benefits the industry was deep in the throes of a recession. Salaries had fallen and people were reporting redundancies or hiring freezes. Four years on, the picture is much rosier. Salaries and total earnings have risen, benefit entitlements have increased and eight out of ten recruiters tell us they are satisfied in their jobs.
“This industry is incredibly resilient and all our research shows that it has not only weathered the storm but is on track to become even bigger and better.”
The survey also highlights that, although less pronounced than in 2009, a gender pay divide remains with men earning 33 percent more as consultants and 28 percent more as managers than their female counterparts. Kevin Green added:
“It’s good to see that the gap between what male and female recruiters are paid is shrinking, but it’s still disappointing to see this kind of gender differential. As its professional body, I see a role for REC leading our industry in driving better pay equality and flexible working – two areas where our industry should be modelling best practice for the rest of UK plc.”