Are you getting paid what you're worth?
Welcome to the Median Recruitment Annual Salary Survey. Recognised as the definitive industry report, the results are based on statistics from the past twelve months derived from the hundreds of job briefs we take from clients and the thousands of candidates we interview for those jobs.
So what to make of the results? The good news is that several recent reports suggest the PR industry is coping with the continued downturn better than other marketing and media sectors. And this is by and large borne out by the fact that whilst salaries certainly aren't surging ahead, they are by and large stable. The sector most under pressure is perhaps unsurprisingly consumer - the lifestyle/fashion/luxury/entertainment areas in particular. The ethical healthcare sector and to a somewhat lesser extent the B2B Technology sector, on the other hand, continue to experience a shortage of skilled candidates, inevitably driving salaries higher.
There's no hiding from it, the second half of 2012 was our quietest on record; clients were taking a conservative approach to hiring and good candidates were only tempted to move by extraordinary offers. So what of the coming year? A recent survey suggested almost a third of corporate comms directors expect budgets to be reduced further in 2013. All we can say is that the first three months of the new year has seen a mild resurgence both in clients hiring (across in-house and agency) and good candidates entering the market.
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