Reward
managers have the best paid jobs in the personnel profession, earning 12 per
cent more than the average salary for the profession, according to the
Chartered Institute of Personnel and Development (CIPD).
Charles
Cotton, CIPD reward adviser, said: "Reward practitioners are currently
engaged in some of the most challenging and exciting aspects of remuneration
and recognition, such as pensions and retirement, reward and diversity, and
executive remuneration and corporate governance."
The
survey of 7,825 HR jobs in more than 1,500 organisations highlights a gulf in
earnings by sector, with personnel directors employed in private sector service
firms enjoying a pay premium of 19 per cent over the going rate.
Their
colleagues in manufacturing and public services receive 5 per cent less and
those in the voluntary sector get 13 per cent below the average.
The
poll of personnel professionals, carried out in conjunction with Croner Reward,
also reveals a gender pay gap among personnel directors, with men earning 22
per cent more than their female counterparts.
The
report argues that the equal pay gap is largely down to the fact that there is
a higher proportion of female personnel directors in the public and voluntary
sectors and a lower proportion among the larger, private sector employers.
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The
average pay gap among directors in the private sector is as much as £19,000
compared with an average of £13,750 across all sectors.
