2023 Salary Guide v10 DIGITAL - Flipbook - Page 14
14
Bonuses and benefits
On the whole, bonuses remained relatively stable in 2022,
although there was a year-on-year fall in the number of
employers who said they would be offering a bonus over
the next 12 months (85% versus 95% in 2021).
The average bonus received this year was equal to 19% of an
employee’s base salary, with employers also typically contributing
9% of an individual’s pay towards a pension. These figures are
almost unchanged from 2021.
More broadly, last year we began to see an increasing number of
employers guaranteeing bonuses for candidates who switched roles.
This trend has become even more pronounced in 2022, with buyouts
now a standard offering across multiple disciplines that we recruit for.
How many days holiday
do you currently receive,
excluding public holidays?
20
3%
21
1%
22
2%
Elsewhere, flexible working has traditionally been an attractive
perk that employers could offer prospective candidates, potentially
offsetting salary demands. However, for many roles, some level
of remote or hybrid working is now the norm, and there is in fact
a growing expectation among candidates that they will receive
in-office equivalent salaries regardless of where they work.
23
1%
24
2%
Some of these wider trends are reflected in our survey results,
which show flexible working is now the most common benefit
– tied with bonuses – offered to candidates, with 86% of
professionals receiving it.
25
41%
26
10%
27
6%
28
10%
29
1%
30+
23%
As the disconnect between salary demands and employer
budgets widens, organisations may need to either lower their
expectations when hiring or find new benefits to attract the
talent they so desperately need.
Four-day working weeks are one possibility. They have proven
immensely popular among both employees and businesses
that participated in recent pilot programmes across the UK,
Ireland and other countries. We may therefore see more employers
considering such policies, as they seek to gain a non-payroll
competitive advantage in the recruitment market.