UK - Reward managers have the best paid jobs in the personnel profession with salaries around 12% higher than the average salary within the sector, new research shows.
The study – carried out by the Chartered Institute of Personnel and Development and Croner Reward – also found a gulf in earnings between personnel, human resources and benefits managers, according to sector.
Personnel directors in private sector service firms were paid 19% above the sector average. Their colleagues in manufacturing and public services received 5% below the sector average while salaries for those in the voluntary sector were typically 13% below the average.
The research also found a pay gap according to gender among personnel staff, with male personnel directors earning 22% more than their female counterparts.
The CIPD attributes this to the fact that there is a higher proportion of female personnel directors in the public and voluntary sectors compared to the number employed by large private sector employers.
CIPD reward adviser Charles Cotton said: ‘’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’m not surprised they enjoy a premium.”
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