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Every year, Tiger Recruitment releases a Salary and Benefits Review. This year we collated the data from a survey of 2,202 employees.
What’s included in the report?
The report combines data from survey respondents with Tiger’s wealth of in-house expertise, to share detailed market insights, salary benchmarks and trending benefits, designed to optimise your employment offering and secure the best talent. We surveyed professionals working across business support, private, finance and accounting, HR, digital and hospitality roles.
How the report can benefit your business
A high quality, independent salary survey is a key component in your compensation strategy and will help you stay on target to attract and retain the best talent in your industry.
Having access to a comprehensive data set ensures that your HR team stay abreast of changes in the employment market and has a thorough understanding of pay rates and trends, helping you to maintain your competitive position.
The report provides valuable statistical insights into the markets in which your business competes for talent and serves as a benchmarking tool enabling your business to make informed remuneration decisions.
Referring to credible survey data can also help to increase employee motivation as it will be clear that diligent decisions have been made around compensation.
Highlights of this year’s salary survey
The results of this year’s survey highlight what employees and jobseekers want and to what extent they feel their expectations are being met. We surveyed a total of 2,202 professionals, 80% of whom were based in London, working in small to very large companies.
A selection of the major findings in this year’s review include:
- Movement among jobseekers is forecast to continue, with only 20% planning to stay in their current position and 43% planning to change jobs within the year
- Over half of jobseekers (51%) say that salary was the most important factor in attracting them to their current role
- Work-life balance is a close second on the list of jobseekers’ wants, with 69% championing this alongside job location (60%)
- Coming in just one percentage point behind location (59%), benefits packages have taken on a new significance to employees, moving up the list by four places since our last review
- With 46% of jobseekers ranking an employer’s DE&I commitment as a top priority, directing HR resource to this area is key to securing the best talent
- Hybrid workers who have flexibility, when it comes to their work arrangement, are the happiest of those surveyed, closely followed by fully remote workers
- Almost two thirds (59%) agree that employers should pay higher salaries if people work from the office full-time
Request your copy of the Salary and Benefits Review here.
We hope you find the document useful. Should you have any questions, please don’t hesitate to get in touch.