CLOCKWISE - Salary benchmarking UK & Europe - 2024

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Introduction

COREcruitment is an international recruitment consultancy with a team of over 50 expert consultants covering roles across the service industry, from head office/support roles to FMCG, restaurants, bars, events, venues, tech, I.T., finance, QSR, hotels, leisure, visitor attractions, facilities management…

Our worldwide specialist consultants are based: in the UK (London, Bristol, and the South-West), France (Montpellier), South Africa (Cape Town), Canada (Vancouver), the Netherlands (Amsterdam) and the UAE (Dubai).

Our Executive Search/NED division covers senior/director level placements across all sectors within the agency, both at national and global levels as well as supporting relocation searches.

Working within a business, supporting entry level employees through to their CEO, enables us to gain true insight, and we feel, allows businesses to trust in us as recruitment partners. Whether an organisation is looking for director level support positions such as a HR director or a Head of Supply

Chain or confidentially recruiting for a new CEO, our search options are flexible and adaptable.

As the industry grows and changes, we are finding that businesses are looking for insight when it comes to salaries and benefits packages, especially for executive level positions.

Our salaries benchmark is a helpful guidance tool based on current information collated during screenings and market research.

About this report

This report includes detailed scaled salary information for 109 positions with 6 C-Suite roles, 20 UK global/regional roles, 20 European regional roles, 42 UK local roles and 21 European local roles.

The scope of the data is national and international

The data for each position is broken down in three banding categories:

Band A → Ideal starting salary offer when stepping up into a position. Lowest end of the market’s pay norm.

Minimum experience in the position and still developing relevant skills.

Band B → Salary offer sitting within the 50th percentile; median range of the market. The candidate has an average level of experience and has most of the necessary skills.

Band C → Top end of salary offers for hiring or retaining individuals.

Higher experience, superior skills, finer institutional/business knowledge and exceeding responsibilities. Market’s rarest resource and top talent’s worth according to market key factors and dynamics.

Salary bandings provide:

a standardised framework for setting and comparing salaries across roles and departments. help in maintaining or setting consistency in pay structure. comparison with current compensation packages against industry standards and competitors. support to remain competitive in attracting and retaining talent. predictable salary expenses and aids in financial planning and forecasting. career development and progression support by providing clear salary ranges for different levels of roles. a framework for salary negotiations during recruitment and performance reviews help in maintaining internal equity

About this report

It is not intended as a nominative description of what salaries ought to be but is aimed at presenting the most current salaries in businesses in line with the client’s business within the specific countries or locations

This salary benchmarking survey captures the most detailed available data on any given positions. Competitors’ exact figures on each position’s salary are not known due to the privacy and confidentiality of this data.

COREcruitment are currently exploring ways to more accurately gather a broader, more inclusive range of demographic data from respondents, institutions and businesses throughout the industry.

The data gathered in these reports is subject to change over time and should not be considered as fixed information.

Benefits

Legally mandated benefits

 Minimum wage

 Overtime

 Retirement/pension scheme

 Holiday entitlement

 Holiday pay

 Parental leave (paternity/maternity/adoption leave)

 Antenatal care

 Statutory sick pay

Extra benefits

 Private medical

 Car allowance / company car

 Bonus(es) which can vary from 50% to 100%

 Equities/LTIPs: stock options, restricted stock unites, stock purchase plans, performance shares, incentive stock options, cash bonuses, cliff/graded vesting,…

 Pension schemes

 Group Life insurance/income protection

 Cycle to work scheme

 Fully/partial paid public transport

 Sabbatical leave

 Unlimited annual leave

 Flexible working

 Discount scheme

 Mental health assistance

 Financial planning help

 Parental leave (above statutory)

 Training and coaching sessions

 Company discounts

 Perks programmes.

 Gym membership

 Wellbeing funds

 Away days or team holidays

Benefits

Legally mandated benefits

 Minimum wage

 Overtime

 Retirement/Public pension plans

 Holiday entitlement

 Holiday pay

 Parental leave (paternity/maternity/adoption leave)

 Antenatal care

 Statutory sick pay

 Caregiver benefits

 Health insurance

 Unemployment insurance

Extra benefits

 Private medical

 Car allowance / company car

 Bonus(es)

 Extra pension schemes

 Cycle to work scheme

 Company stock options or equity grants

 Additional paid time off

 Flexible working

 Discount schemes

 Wellbeing funds

 Childcare allowance

 Sachbezüge (vouchers) : work meals

 Gym subsidies

 Business travel insurance

Benefits

Legally mandated benefits

 Social security contributions

 Health insurance

 Unemployment benefits

 Pension (67 by 2030)

 Annual vacation and vacation pay (in general, 20 days per year)

 Public holidays (10)

 Sick leave

 Work accident insurance

 Maternity leave: 15 weeks

 Paternity leave: 10 days

 Parental leave

 Family allowances (based on the number of children)

 Training leave

 Severance pay

 Employee representatives and protection

 Meal vouchers (chèques repas)

 Eco vouchers (chèques eco)

 Company car (and fuel card)

 Group insurance (pension plan)

 Hospitalisation insurance

 Life and disability insurance

 Bonuses and profit sharing

 Flexible working hours and teleworking

 Cafeteria plan (flex reward plan)

 Additional vacation days

 Work-from-home allowance

 Gym memberships or wellness programmes

 Mobility budget

 Childcare assistance

 Communications reimbursement, internet and mobile phone plan (if working from home)

 Travel reimbursement

 Stock options or equity plans

 13th month salary: in most sectors, employees receive a 13th-month salary or holiday pay, paid in two instalments: one before the summer holidays and one before Christmas

Positions

C-SUITE

OPERATIONAL ROLES

Positions

SENIOR REGIONAL ROLES

ENVIRONMENTAL, SOCIAL & GOVERNANCE

Positions

EUROPE REGIONAL ROLES - DIRECTORS

SENIOR EUROPEAN REGIONAL ROLES

ENVIRONMENTAL, SOCIAL & GOVERNANCE

Positions

EUROPE REGIONAL ROLES - DIRECTORS

SENIOR EUROPEAN REGIONAL ROLES

ENVIRONMENTAL, SOCIAL & GOVERNANCE

LONDON – ONSITE ROLES

Levels

Positions

Positions

NORTHWEST – ONSITE ROLES

Positions

NORTHEAST – ONSITE ROLES

Positions

SOUTHWEST – ONSITE ROLES

Positions

SOUTHEAST – ONSITE ROLES

Positions

MIDLANDS – ONSITE ROLES

Positions

BREMEN – ONSITE ROLES

BRUSSELS – ONSITE ROLES

Levels

Positions

ANTWERP – ONSITE ROLES

Levels

Positions

THE HAGUE – ONSITE ROLES

Levels

Positions

Methodology

The scope of the data is national and international (UK, Germany & Belgium).

This report reflects the actual salaries being paid to a sample of businesses related to and in direct competition with CLOCKWISE, such as Silver Square , WeWork (UK – Germany – Belgium) Mindspace (UK – Germany), Huckletree (UK), Regus / Spaces (UK – Germany – Belgium), Orega (UK), Hubble (UK – Germany – Belgium), Fora/The Office Group (UK – Germany), Kiez Büro (Germany), LABS (UK), X+Why (UK), Work.Life (UK), Patch.Work, Knotel.

It is intended to give the most honest and accurate account of compensation level in the specific fields and specific areas.

It is not intended as a nominative description of what salaries ought to be but is aimed at presenting the current salaries in businesses in line with CLOCKWISE businesses and operations.

This salary benchmarking survey could not capture the most detailed data on any given positions as COREcruitment have not been given access to competitors’ exact figures on each position’s salary due to the privacy and confidentiality of this data. However, this data represents the closest and most reflective salary compensations for each mentioned position.

COREcruitment are currently exploring ways to more accurately gather a broader, more inclusive range of demographic data from respondents, institutions and businesses throughout the industry we specialise and operate in.

The data gathered in these reports will change over time and should not be considered as fixed information.

Methodology

As a leading national and international recruitment agency, COREcruitment have access to national and international job boards’ targeted analytics (factual direct market comparison) including but not limited to:

Adzuna Euro Jobs JobFlurry Extra Sonic Jobs Xpat Jobs

CareerJet FM Journal JobLookUp Stepstone Group You Food Job

Careers4a Glassdoor JobLookup Talent Nexus

Caterer Hosco Jobs In Property Talent.com

Catererglobal I Am Expat Jooble The Staff Canteen

COREcruitment.comI-FMJobs

Diversity Jobs Group Job Jar Reed Vacancy Tree

COREcruitment’s own database of over 550,000 contacts (current & previous salary banding)

19+ years of recruitment expertise with a team of 52 field specialist employees: Recruitment Consultants, Senior Consultants, Operational Leads, International Recruiters (UK, France, Netherlands, Canada, USA, South Africa & Middle East), Divisional Director, Managing Director, and Owner.

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CLOCKWISE - Salary benchmarking UK & Europe - 2024 by COREcruitment - Issuu