HR salary rises outstrip UK pay rewards

HR
wages are rising faster than average UK earnings and the rate of inflation,
according to a report by Remuneration Economics.

For
the 12 months leading up to September 2001, the survey finds that average HR earnings
increased by 7.2 per cent. Over the same period national pay rose by an average
of 4.2 per cent and the Retail Price Index by 2.1 per cent.

Regionally,
HR staff in London enjoyed the largest wage increase of between 8 per cent and
9 per cent. Elsewhere, HR salaries increased by 7.4 per cent in the South East
and just 5.9 per cent in the rest of the UK.

The
research also reveals that nearly two-thirds of the HR staff surveyed receive
bonus payments.

The
average bonus payment of  £3,484 was 8.8
per cent higher than in 2000.

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Nearly
70 per cent of bonus payments are linked to some measures of company
performance, and just over 37 per cent of companies link the bonus schemes to
shares. The survey polled 4,233 HR staff in 152 UK firms.  www.celre.co.uk

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