June's figures are showing a cooling off in expectations of job seekers salary demands. Firms have held firm on their salary offerings for most of this year and then paid a premium for the top talent, sometimes as much as 15% over advertised salaries.
Our most requested report, the Pay Ratio chart for salaries up to June 2017.
Looking at the difference between the salaries on offer from our clients (- line) and plotting it against the originally desired salary from new applicants (white - line) and then overlaying the salary they accepted ( grey dot).
This clearly shows that whilst a few years ago, management consulting firms and potential applicants were quite in line with each other, higher salary was used to secure people. 2015 the salaries offered rise as firms try to tempt staff to them but by 2016 this slows down and is dramatically over taken by applicants wanting higher salaries than are on offer. However, these firms still paid more than they originally wanted to secure the best talent.
Currently we are seeing applicants attempting to secure significant pay rises and an increase in money as a motivation for moving and a lot of firms concerned about but most firms are looking to pay even less than is sought by applicants, leading to a lot of firms struggling to recruit.
Our salary and bonus data from April 2017.
It’s been a very busy start to the year as expected. Record numbers of new people starting in new roles. However, the number of new requirements from the consulting world has dipped slightly from last month.
This has resulted in very little movement in the salary and bonus figures we are seeing this month.
What happens to people that accept a counteroffer after the resign and stay at their current company.
We've analysed the previous 2 years of data on the subject and here are the results.
Salary and bonus report up to 31st January 2017.
It's a busy start to the year, wages are up, bonuses are static and the number of successful hires has increased dramatically.
Take a look at the figures and see why,
Welcome to the December 2016 salary and bonus survey.Happy New Year everyone.
Christmas over for another year and the long haul through January has just begun.
It's officially the busiest period for any Talent Advisory practice like us. New year, new projects, new people. The next 6 months will see some impressive moves and changes.
During the month of December 2016 we queried our database and questioned our client and candidate base for information and produced this month's statistics and findings.
Welcome to the November 2016 salary and bonus survey. Christmas feels like it is around the corner and we have been extremely busy with people and clients pushing through the process of hiring. In addition, we have been providing bespoke reports to our clients in unprecedented numbers as more and more firms are seeing the strategic value in Talent Advisory in the boardroom.
Welcome to the October 2016 salary and bonus survey, the first in our new combined format which we hope will make things clearer and easier to read. As before, hover your mouse over the points on the charts to see the underlining data.
This survey was taken during October 2016 and has been subject to our usual data smoothing formula (which, in summary, is the top and bottom 5% removed, currencies converted to GBP £ and no allowances made for regional salary differences).