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Just over
half (51 per cent) of recruitment consultants and managers are satisfied with
their pay and reward, while 24 per cent are neither satisfied nor dissatisfied
and 24 per cent are dissatisfied, according to new research published today by
the Recruitment and Employment Confederation (REC) in partnership with Indeed. ","sans-serif";">
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Planning for growth: attract and retain
talent for your recruitment business ","sans-serif";">","sans-serif";">
gives
an insight to the motivations, wants and needs of consultants and managers so
that recruitment businesses leaders can benchmark their employee offering against
their peers. The report shows:
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- More than half of all recruitment consultants and managers (52 per cent) received a pay rise between April 2014 and April 2015","sans-serif";">
- Average pay rise for recruiters in 2014/15 was 4.9 per cent, up from 3.7 per cent in 2013/14","sans-serif";">","sans-serif";>","sans-serif";>
- Employees that report satisfaction with pay and benefits have on average seen 7.5 staff leave their organisation in the last year, compared to 8.6 people for those reporting dissatisfaction ","sans-serif";>","sans-serif";>","sans-serif";">","sans-serif";>","sans-serif";>
- The research shows that men earn six per cent more than women in terms of basic salary, and there is a 14 per cent difference in overall earnings. ","sans-serif";>
","sans-serif";>The report also includes average salary and bonus data by length of service and by sector.","sans-serif";">
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REC Chief Executive Kevin Green says:","sans-serif";>
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“It’s
a great time to work in the recruitment industry. Many consultants and managers
have seen pay raises and bonuses over the last two years. We forecast 18 per
cent industry growth over the next two years so the good times are set to
continue. ","sans-serif";>
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“For
business leaders the focus has to be on attracting and retaining talented
people so they can take advantage of the opportunities available. Our research describes
what motivates recruiters, and it’s clear that it’s not just about pay - they
want progression and the benefits of working in a meritocratic industry, as
well as the social and cultural perks. So the challenge for recruitment leaders
is to make their businesses great places to work. ","sans-serif";>
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“We
need more people to see recruitment as a career of choice. As an industry we
need to educate people about what we do, why it’s important, and the kind of
rewards that are on offer to hardworking recruiters. We also have to do more to
reduce the gender pay gap. As the people advising the business community on
fair recruitment, we absolutely need to practice what we preach and lead the
way on gender equality.” ","sans-serif";>
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Gerard Murnaghan, VP
EMEA, Indeed, said: ","sans-serif";>
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“More
and more people are looking for jobs and for business leaders this puts extra
emphasis on the need to reduce turnover of staff. Skills shortages are already
having an impact and as the UK economy expands we can expect businesses to come
under more pressure when it comes to finding and hiring people. Never has it
been more important for employers to attract quality candidates to the
positions which help them drive revenue and growth for their businesses.
“The
data in this report, which includes Indeed salary data, suggests that the
recruitment industry is improving salaries and packages with market growth. We
hope this research will help recruitment leaders to benchmark themselves again
the competition and therefore make intelligent decisions about what to offer to
help attract and retain talented people.”","sans-serif";>
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Planning for growth: attract
and retain talent for your recruitment business","sans-serif";> is available at www.rec.uk.com/recsalary2015
and is free to download for all REC members.","sans-serif";>
Ends
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Notes to editors:
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- For more information, contact the REC Press Office on 0207 009 2157/2192 or pressoffice@rec.uk.com. An ISDN line is available for interviews on 0207 021 0584.","sans-serif";>","sans-serif";>
- Planning for growth: attract and retain talent for your recruitment business ","sans-serif";>is based on a survey of 750 consultants and managers conducted by ComRes. In addition, the REC conducted ten interviews with HR professionals. The report also features results from a topical question in the June JobsOutlook survey, completed by 200 professionals responsible for hiring in their organisation. ","sans-serif";>The report is available to download from the REC website at www.rec.uk.com/recsalary2015 It is free to REC members and costs £250 (ex VAT) for non REC members.","sans-serif";>
