60% of operations professionals are expecting to receive a rise in their annual salary and 78% expecting to receive a bonus in the coming year, according to the Robert Walters 2015 Guide to Pay and Compensation Expectations for Operations Professionals.
Based on a survey of working professionals across the UK, the results demonstrate that the employment landscape is changing as business conditions improve, and professionals expect to see salaries rise in line with improving economic conditions.
“It is vital for firms to consider the importance of bonus payments for recognising the commitment and achievement of staff. These results show that operations professionals expect a bonus in the upcoming compensation round” said Daniel Connors, Manager at Robert Walters.
Increase in pay and bonus expectations
As business conditions improve, employers that do not adjust their remuneration strategies in line with market expectations risk losing key staff, and may struggle to attract key talent, particularly as skills shortages start to impact employers’ ability to attract the right professionals.
- 60% of operations professionals are expecting a pay rise in 2015
- 78% expect to receive a bonus
- One in five are hoping for bonuses to be 15% or more of their base salary
- 27% anticipate a pay raise of between 4% and 10%
Many looking to change jobs in 2015
Almost two thirds of operations professionals are looking to change roles in the next 12 months, with 40% already aiming to move to a new opportunity within the next three months. As business conditions improve, employers that do not adjust their remuneration strategies in line with market expectations risk losing key staff, and may struggle to attract key talent.
Of those ready to move, 51% cite pay as the primary motivation to change jobs, with 36% looking for career progression.
The job market for this sector looks promising, with a growing number of permanent and temporary operations roles advertised in the year, with a forecast to continue.
“While many professionals are looking to move jobs, the limited supply of operations candidates who offer the right mix of skills and regulatory experience is already generating intense competition among employers.”according to Sally Martin, Associate Director at Robert Walters.
About the Survey
The Robert Walters Pay and Bonus Survey questioned professionals on a range of compensation questions, including their pay and bonus expectations, their career plans, and how long they intend to stay at their current firm.
Access the full results of the Robert Walters Pay & Bonus Survey in PDF
Robert Walters produces regular research publications on the recruitment market in the UK – visit the Hiring Advice section for a full list.
Are we facing a skills shortage? What do employers need to do about it? Read the Robert Walters whitepaper Recruiting professionals in a candidate short market.