Financial Services, Human Resources 2012 Salary Guide

Human Resources

Permanent

The human resources permanent jobs market in 2011 was busier in some areas than others. Recruitment in compensation and benefits was strong due to FSA regulation and the structure of bonus payments involving complex processes for implementing deferred compensation schemes.

The specialist areas of reward and learning & development were the first to be affected by the beleaguered global economy in 2011 which resulted in increased recruitment of HR generalists and business partners to support the larger workload.

The 2012 outlook for hiring in HR is positive with many more specialist roles being recruited and it is likely that the coming months will have more of a focus on learning & development where hiring managers are looking to retain talent.

Salary levels for HR professionals are not expected to rise dramatically but will continue to move at the same pace as they have over the past few years.

Role BASIC SALARIES (PER ANNUM)
HR Business Partner £45k - £85k
Senior HR Business Partner £85k - £110k
HR Administrator £28k - £38k
HR Advisor / Officer £38k - £55k
Learning & Development Coordinator £27k - £35k
Learning & Development Advisor £35k - £50k
Learning & Development Business Partner £55k - £95k
Talent / OD Specialist £55k - £90k
Compensation and Benefits Administrator £30k - £41k
Compensation and Benefits / HRMI Analyst £41k - £55k
Compensation and Benefits / HRMI Manager £55k - £90k
Employee Relations Specialist £55k - £95k
Recruitment Coordinator £27k - £34k
Recruiter £34k - £55k
Recruitment Manager £50k - £75k
Graduate Recruitment / Development Administrator £28k - £36k
Graduate Recruitment / Development Advisor £36k - £55k
Graduate Recruitment / Development Manager £55k - £95k
HR Project Support £30k - £45k
HR Project Analyst £45k - £65k
HR Project Manager £65k - £85k
Head of Reward £80k - £145k
Head of L&D £80k - £130k
Head of Recruitment £75k - £110k
HR Programme Manager £85k - £125k

 

Temporary

The human resources temporary and interim jobs market slowed considerably during 2011 compared to the previous year, with job volumes dropping after a fairly busy first quarter.

The larger financial services organisations became cautious after the first few months of 2011, with the majority of roles being business critical or temporary cover for maternity leave.

Interestingly, rates have increased slightly in certain areas of HR as hiring managers seek out the best talent and aim to attract those working for their competitors who are hesitant to move due to instability in the financial markets.

Areas such as HR projects and compensation were especially competitive in the second half of 2011 as year end processes kicked-off and project deadlines became imminent.

Hiring activity is predicted to increase moving through 2012 and it is anticipated that rates will remain competitive and steady, with more professionals looking to enter the jobs market after completing contracts in December 2011.

Role RATES (PER DAY)
HR Business Partner £300 - £450
Senior HR Business Partner £450 - £750
HR Administrator £120 - £160
HR Advisor / Officer £180 - £280
Learning & Development Coordinator £130 - £160
Learning & Development Advisor £180 - £280
Learning & Development Business Partner £300 - £550
Talent / OD Specialist £400 - £600
Compensation and Benefits Administrator £130 - £180
Compensation and Benefits / HRMI Analyst £250 - £450
Compensation and Benefits / HRMI Manager £450 - £800
Employee Relations Specialist £400 - £600
Recruitment Coordinator £120 - £150
Recruiter £200 - £350
Recruitment Manager £350 - £500
Graduate Recruitment / Development Administrator £130 - £180
Graduate Recruitment / Development Advisor £200 - £350
Graduate Recruitment / Development Manager £350 - £450
HR Project Support £180 - £280
HR Project Analyst £300 - £450
HR Project Manager £450 - £650
HR Programme Manager £650 - £850
Victoria Walmsley's picture
Managing Director
vwalmsley@morganmckinley.com

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