Over half of HR professionals expect a pay rise this year

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Over half of HR professionals are expecting a wage hike in 2018, according to a new report from Robert Walters.

One quarter of employers, however, do not plan on granting their hopeful request. According to the study, 55% of those HR professionals are also expecting to receive a bonus.

“While demand has been consistent for generalist HR professionals, specialist candidates have been particularly highly sought after,” added Nick Allwood, senior manager at Robert Walters.

“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.”

Most HR leaders are expecting their wages to jump between one and three per cent, with 20% expecting four to six per cent of a rise.

“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,” continued Allwood.

“Notably, work life balance is a high priority for many HR professionals, as is the potential for long term career development.”

Are you expecting a rise this year? Tell us in the comments.

 

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