The majority of employers in the UK intend to increase salaries for HR professionals this year
More than half (58%) of HR professionals expect to see a pay rise in 2018. A further 55% also expect to receive a bonus this year.
Employers are taking the initiative to reward HR professionals as a response to the impending skills shortage and the growing demand for specialists in different sectors. An emphasis has also been placed on training and development and benefits in an effort to improve staff retention and attract new talent.
Nick Allwood, Senior Manager at Robert Walters states, “While demand has been consistent for generalist HR professionals, specialist candidates have been particularly highly sought after.”
“Employers are aware that retaining and upskilling their staff will be a priority, particularly if the final conditions of Brexit limit their access to talent from overseas. As such, HR specialists with a background in these areas are highly sought after.”
“HR professionals are well aware of the fact that their skills are currently in high demand, with the majority expecting their salary and bonus reviews to reflect the value that they can add to employers.”
While the majority of employers are looking to increase salaries for HR professionals, there is a difference in how generous the pay rise will be. Half of the respondents plan to increase salaries by 1-3% and 20% of employers planning increases of 4-6%. Only a quarter of employers have no plans of increasing salaries at all in 2018.
Allwood warns this minority of employers to consider their strategies for retaining staff and attracting new candidates if they are unable to increase remuneration.
“Salaries and bonus levels are still a significant priority for HR professionals, and employers will need to take a creative approach if they are unable to meet the expectations of staff in these areas.”
“Notably, work-life balance is a high priority for many HR professionals, as is the potential for long-term career development.”
“For smaller firms which may not have the flexibility to offer large salary increases or bonus schemes, promoting initiatives in these areas may be an effective strategy to attract and retain high calibre candidates.”