The rate of earnings growth has increased to 4.6 per cent for HR personnel, according to Remuneration Economics’ salary survey.
The survey of 4,886 people in 109 companies shows that almost three-quarters (73.8 per cent) gained bonus payments in the 12 months to September 2004. This was an increase on the 67.5 per cent that received bonuses in 2003. However, the actual value of the bonuses had fallen slightly from 3,784 in 2003, to 3,614 in 2004.
HR directors received the most generous bonuses, with average payments of 29,470, or 28.1 per cent of their average basic salary.
Personnel assistants gained payments of 1,225, worth 6.9 per cent of their basic salary, and senior personnel officers received bonuses of 2,217.
HR staff specialising in reward management saw the fastest earnings growth, which stood at 5.9 per cent.
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