Candidates – Salary trends

Permanent & FTC experienced in-house recruiters

• The average current salary of this group in January was £41,000
• The average target salary for the group was £47,000 so recruiters in general are expecting a £6,000 base salary rise to move

o   There were typically two main reasons for this expectation of a near 15% rise in salary; failure of current employer in the recruiter’s eyes to pay them the going rate or give an increase in salary for the last two years (often off-set by new joiners coming in at higher levels), and an expectation that this year’s review would give a significant increase so to merit a move a new employer would need to ‘buy them’

• Bonuses ranged from 0-30% of salary as an OTE and attainment of these in 2010 varied considerably; few received 100% of bonus for 2010

o   As a result of the mixed levels of bonus payments recruiters are emphasising the value of their base salary due to failure of current employers to meet expectations in the last couple of years whether reasonable or not in the climate!  Companies emphasising bonus in their package need to demonstrate that it has been paid out to prove value in many cases

Day rate recruiters & contractors

• The average day rate of recruiters registering in January was £320
• Half of those registering with us or speaking to us were looking to move into a permanent role (as the majority of our roles are permanent and those roles we advertised were permanent this could be expected)
• Day rate recruiters looking for new opportunities were looking to match their current rate or were willing to take a cut in general of up to £30 per day

Recruitment agents and executive search professionals seeking an in-house move

• The average base salary of this group was £44,000
• The average target base salary of this group was £45,000
• To make the transition to in-house recruitment this group were willing to forgo between £10,000 & £20,000 in bonuses and commissions that they currently earn per year.  They expect improved benefits usually having none bar a basic pension scheme and far lower OTE

February 16, 2011 at 10:41 am | Candidate, In-house, January 2011, Monitor, Napier Wolf News, Salary trends | No comment