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ANNUAL SALARY SURVEY 2008

MARKET UNCERTAINTY KEEPS SALARIES STAGNANT

In comparison to the considerable growth of 2006, there was little movement in salaries last year, perhaps in anticipation of the jittery market conditions.  Salaries throughout 2007 remained largely the same, with a negligible 1.5% increase across the board, which is less than inflation.

Average salaries across all sectors ranged from £15,000 for Administrators through to £50,000 for top Executive Support roles.

Maine-Tucker’s 2008 Salary Survey is now available, and is compiled from records of all the vacancies we worked on throughout 2007, and discussions with a cross section of our clients and candidates.

“In 2007 salaries remained stable, however we continue to witness a candidate driven market, proving that the demand for excellence and reliability of support staff continues to be of paramount importance.  This undoubtedly outweighs the current pressures on businesses to reduce costs.  Support staff run the back office and without them businesses would grind to a halt.”  Maine-Tucker’s Managing Director Meeta Sahni.

Here are some of the highlights of our Salary Survey:-
  • Salaries.  The role of Executive PA continued to pay the highest, with a significant increase of 31% on the base salary.
  • Role Definitions.  All are directly taken from real job descriptions, hence up to date and real facts to refer to. 
  • Overseas roles information. The demand for the travelling PA rose, and we placed a number of jobs in the UAE, USA and Europe.
  • Benefits.  Private health care was the most popular. Also full details on the new holiday entitlement brought in during 2007.
  • Two new divisions. Contracts Division and Finance Division.
Overall, by taking a look at the salaries of our permanent and temporary staff, we found that the office support sector in London remained robust in 2007.    This resulted in a more urgent demand for quality support staff.  As we move into 2008, some of our clients are looking into short term options like contract employment. We continue to provide our clients with solutions that enable them to have secure and happy staff, whilst keeping the all important costs down.

Editor’s notes:-

Maine-Tucker Recruitment Ltd is one of the most respected secretarial and administrative recruitment consultancies in Central London.  Established in 1987, Maine Tucker’s clients include multinationals, investment banks, media and press organisations, finance houses, insurance brokers, property surveyors and management consultancies. 

For further information please contact: -  Lucy Skinner on 0207 7347341.

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