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Recruitment sector job rewards on the up
Thursday, 05 July 2007
Sales and marketing
The average pay rise in the UK's recruitment sector was the highest of any industry in 2006, according to the latest survey by the Chartered Management Institute (CMI).
CMI's large-scale annual survey questioned 42,000 UK managers from every part of the country's corporate network, including more than 5,000 executive staff in the recruitment sector.
The recruitment sector was found to have awarded the best pay increases in 2006, with HR directors' pay up by five per cent to £150,421 and the average salary for managers in the industry hitting 47,674, a rise of 6.2 per cent.
The survey also found that many UK firms are now offering a far wider range of benefits in order to attract the best recruits, with Jo Causon, CMI's director of marketing and corporate affairs, commenting: "In a sign that employers are becoming increasingly desperate to find the right calibre staff; 32.6 per cent now offer golden hellos, compared with just under 16.3 per cent in 2006."
The research also found that many more companies are now offering a 'finder's bonus', for existing staff who help in recruiting suitable new employees.
Resignation rates in the recruitment sector were also found to be relatively low, with the figure of 5.3 per cent of management staff moving elsewhere comparing favourably to the 8.2 per cent in the insurance sector and 11 per cent experienced in retail positions.