United Kingdom - Business Management Salary Benchmarking (2024)

UNITED KINGDOM BUSINESS MANAGEMENT

SALARY BENCHMARKING

Introduction

COREcruitment is an international recruitment consultancy with a team of over 55 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, etc…

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/C-Suite 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 specific full-time professional positions across the United Kingdom.

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

Band A → Entry level / lowest end of the market’s pay norm.

Minimum experience

Band B → Median range of the market.

Average level of experience with 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. framework for salary negotiations during recruitment and performance reviews

help in maintaining internal equity

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.

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.