Research from Robert Walters has found that specialists in reward and compensation will see compensation rise by up to 14% in 2017.
With government legislation requiring firms to publish relative pay levels of male and female employees, businesses are keen to recruit professionals to oversee and implement these projects. This sense of urgency, compounded by a lack of highly skilled and experience reward and compensation specialists available has led to employers offering generous salaries to attract top talent.
Nick Allwood, Manager at Robert Walters, comments;
“As employers prepare to adjust to new government legislation in 2017 requiring them to publish the relative rates of pay for male and female executives, compensation and reward specialists are seeing growing demand for their skills.”
“Mid-level professionals will be most highly sought after for these roles, with employers looking to recruit staff who can play key roles in developing strategies and processes to ensure compliance with legislation while also have the core technical skills to implement them.”
“Employers continue to struggle to find highly skilled professionals to fill these roles, offering high salaries to attract top talent.”
LEARNING AND DEVELOPMENT A PRIORITY IN 2017
Learning and development specialists will also see strong salary growth in 2017 with compensation rising by 7% for those in senior roles.
Nick Allwood continues:
“Employers are increasingly recognising the importance of offering structured career progression in order to attract and retain the best candidates.”
“As a result, businesses are prepared to invest in top calibre HR professionals specialising in learning and development. For these roles, employers are looking for professionals who can overhaul and improve learning and development programmes, creating industry leading offerings that will attract the best calibre candidates.”