Five take outs from the CIM marketer salary survey 2012

With the 2013 planning season in full swing, marketing chiefs and their HR colleagues are having hot sweats over that excel column marked 'salaries'.

And for good reason. Still battening-down-the-hatches, the dilemma for brands remains whether to hike salaries to remain competitive. After all, it costs a lot of money to replace good people, with the truly talented not governed by the rules of recession.

With this in mind, what should we take out from this year’s Marketing Rewards survey, published exclusively this week by Marketing? There is some evidence of a levelling of pay’s unequal playing field, though some bumps remain, and one big surprise.

1. The good news is that while the pay gap between men and women is still evident, it appears to be closing. In 2011, the difference between the genders was more than 16%; today the disparity has shrunk to just under 3%.

2. The pay freeze, that morale-crushing hallmark of a static or declining economy, is thankfully starting to thaw, though not significantly. A fifth of respondents told Croner their salary had not increased since last year.

3. Average salaries rose by 2.5%, hardly enough to keep today's marketers from looking for better and higher paying opportunities.

4. Those for whom money is the chief motivator, the message in this year’s study is ‘head North’ where, according to Marketing Rewards, they can command salaries more four per cent higher than in the South East.

This is not as incredible as it first seems. One financial services CMO I know, living in Wimbledon with his children but commuting weekly to his firm’s HQ nearly three hours away, did so for salary and benefits that topped £250,000. He was top notch talent, and his employer valued his services enough to compensate him for his partial relocation from London.

So do marketers have a legitimate beef about unfair pay? Perhaps this is beside the point. The spectre of job cuts in 2013 is a real one, with Procter & Gamble, PepsiCo and others promising a reduction in headcounts.

If brands bank on retaining marketers based on the privilege of working for those companies, that privilege should result in quality training, stronger CVs and better non-monetary benefits.

5. There’s evidence that brands have woken up to this, with nine out of 10 marketers reporting job satisfaction.

It begs the question: just how important is money to marketers? For the future health of the industry, it is vital for brands to understand this, amongst the other needs and aspirations of their marketing employees.

Yes, money talks but according to this survey, not at all costs and not during a downturn.

Noelle McElhatton is editor of Marketing
Follow her on Twitter @n_mcelhatton

Discussion

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus
Brand Republic Jobs

subscribe now

Latest

Waitrose boosts content strategy with 'Weekend Kitchen with Waitrose' C4 tie-up
Hottest virals: Cute puppies star in Pedigree ad, plus Idris Elba and Fruyo
Amnesty International burns candles to illuminate new hope
Toyota achieves the impossible by calming angry Roman drivers
Tom of Finland's 'homoerotic' drawings made into stamps
YouTube reveals user habits to appeal to 'older' marketers
Ex-M&S marketing chief Steven Sharp consulting at WPP
Wolff Olins reveals new CEO after Apple poaches Karl Heiselman
Glasgow offers £30,000 prize to best digital idea for 2014 Commonwealth Games
Google's revenues surge but shares drop as it grapples with transition to mobile
Facebook beats Twitter to most 'marketing friendly' social media site crown, says DMA
Fableists believe children like Finn should be outdoors enjoying life
Homebase, Baileys and Camelot join the line-up at Media360
MasterCard renews Rugby World Cup sponsorship to push cashless message
Lynx unleashes £9m 'Peace invasion' campaign
Social Brands 100 Youth: Pizza Hut most social youth brand in UK
Cheryl Cole is wild and arresting in new L'Oreal work
Morrisons told not to show alcohol ads during YouTube nursery rhymes
O2 head of brand Shadi Halliwell departs after 23 years at company in restructure
Tesco hit by further sales decline as it turns to digital Clubcard and social network
Branding guru Wally Olins dies aged 83
Duracell short film captures epic Transatlantic voyage
Ash runs Tinder experiment to show smokers are less desirable to opposite sex
British Airways teams up with Gerry Cottle Jnr for summer of rooftop film screenings
Arklu says 'girls can be superheroes too' with doll design competition
Coke enters squash market with Oasis Mighty Drops
Virgin Galactic signs up Land Rover as space flight sponsor
Motorola marketer Andrew Morley departs as Google gears up for sale to Lenovo
US Airways apologises after tweeting obscene image at a customer
Mumsnet admits users' emails and passwords accessed via Heartbleed bug