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SALARY SURVEY 2014/15
Transcript of SALARY SURVEY 2014/15
Get in touch
Average salary per position in 2013 and 2014
Key findings and background facts
Bonuses and benefits
of employers who took part in our survey are small or medium-size alternative investment firms
of employers pay their EAs a minimum of £44k
of employers pay their PAs at least£41k
Team Assistants are paid between £32- 35k
of employers feel that support staff are satisfied with their salaries
of employers don't have any support staff working part-time
of support staff have been working for their current employers for up to 2 years
support up to 4 people
of respondents that support MDs/ Partners and are paid an average salary of £45k
of support staff
are satisfied with their current salaries.
of whom feel they deserve 10-19% increase
have had a pay rise and
of whom received an increase of up to 5% of their salary
of respondents are not being offered any training courses by their employers
of respondents have a Bachelor's degree as the highest qualification level
Half of respondents speak at least one foreign language
of employers offer the opportunity for their support staff to progress into a different role or area of the company.
offer secretarial training courses such as: Introduction to PE, IT courses, minute taking, short hand, language course, internal and external bespoke training.
As a contrast, more than half of our surveyed respondents (
) believe they are not being offered any training courses at their current companies. This poses the question: are training courses being promoted enough internally?
Monday, December 22, 2014
Joss Search, No. 1
Support staff in the alternative investment sector
We have put together this survey to provide you with a guide to remuneration packages amongst support staff in 2014, and the outlook for 2015.
Over 300 people in support roles took part in this survey, 60% of whom are EAs and PAs in the alternative investment sector, the remainder consists of Office Managers, Team Assistants, Receptionists and Administrators. To gain an employer's point of view we asked some of the most prestigious global alternative investment firms to contribute, 60% of whom were Private Equity firms (38% small and 54% medium-sized enterprises).
of employers offer 3 months 100% pay.
of employers offer privileges for returning to work mothers such as: flexible hours (
), childcare vouchers (
) and part-time positions (
of support staff are not aware of their company's policy on maternity pay and don't know if they are being offered any of the listed privileges, although
are offered the opportunity to work from home.
SALARY SURVEY 2014/15
This year PAs are paid an average salary of £42k. Our report shows that this is slightly higher than in 2013, when the average salary was £40k.
We can also observe a similar trend for EAs. Their average salary bracket has jumped up from £41,000- £43,999 in 2013 to £44,000- £46,999 in 2014.
Office Managers are also most commonly paid within the £50,000- £55,000 salary bracket.
The average salary for Team Assistants and Receptionists has also increased by 5%: £32,000- £34,999 for TAs and £26,000- £29,000 for Receptionists.
What the future looks like
of support staff are satisfied in their current roles.
The majority of respondents (
) claim that a pay rise would keep them in their current roles for a further year. The other most common factors are:
Some of our respondents suggested a better relationship with their bosses and the possibility of working from home.
of employers are offering bonuses to support staff in 2014,
of whom are paying 20-29% of annual salaries.
of support staff surveyed receive bonuses,
of whom are satisfied with the bonus they received for work completed in 2013.
As shown in the graph, the most popular benefits being offered by employers are:
private healthcare (
life insurance (
social events (
of employers also provide free breakfast and/or free lunch.
Other additional employee benefits are:
gym membership, dental cover, company holidays, travel expenses, company car, pension and free dinner.
Respondents who don't currently receive candidate benefits, would most like to be offered pension, private medical insurance and gym membership.
of employers think that they will be offering support staff a pay increase in 2015.
On the other hand only
of support staff are expecting a pay rise in 2015.
of support staff expect to receive up to 20% of their salary as a bonus for work completed in 2014.
of employers don't think bonuses will be increased in 2015.
good benefits/ bonus
opportunity to develop skills
the chance of being promoted
If you have any questions regarding the information in this report or would like any additional information then please contact us using the details below.
0203 586 1055
From conducting this survey we have been pleased to find that the majority of support staff are satisfied with their current roles. Most of those who are dissatisfied claim that a pay rise would keep them in their jobs.
The large majority of candidates receive bonuses, benefits and are provided free breakfast and/or free lunch.
Salaries have increased and this is in line with market trends showing higher value placed on high calibre support. A large proportion of our candidates are well educated and half of them speak at least one language (other than English) which may explain the salaries they receive.
The vast majority of support staff believe they are not being offered any training courses and they are not aware of their company’s policy on maternity pay. This is probably worth mentioning to, and being considered by, employers who can make sure that these are promoted and communicated internally.
The outlook for 2015 is encouraging as many employers intend to offer salary increases to their support staff. The recruitment budget is likely to be increased, but bonuses are expected to remain on the same level.