Companies reflect value of HR directors in pay awards

first_img Comments are closed. HRdirectors are earning greater rewards as companies realise they play anincreasingly  key strategic role inachieving business aims. Thisis the view of the CIPD in light of a survey by the Reward Group, which showsheads of personnel are now being paid more than the average company director.Thisyear’s survey of pay and benefits for personnel professionals reveals that at£56,757 average pay for personnel directors is 3.2 per cent above the averagefor other directors.Theresults show HR directors have now overtaken their contemporaries on the payscale.NickPage, CIPD adviser on pay and employment conditions, commented, “These figuressuggest personnel directors are highly valued by their organisations. Itreflects a change in views from one of personnel management being mainlyadministrative to being viewed as one of people management – a key strategicrole.”Thesurvey’s findings also reveal that the pay gap between male and femalepersonnel professionals has virtually disappeared at all levels except directorlevel where the differential has increased to 17.7 per cent. This figure hasrisen from 2.5 per cent in 1998 to 12.1 per cent in 1999. SteveFlather, managing director for the Reward Group, added, “These results aredisappointing, the personnel profession should be taking the lead in closingthe equal pay gap at all levels. Unfortunately this expanding gap is the resultof more women reaching director level than ever before but not being rewardedas a male counterpart may have been.” Willmott Previous Article Next Article Related posts:No related photos. Companies reflect value of HR directors in pay awardsOn 27 Feb 2001 in Personnel Todaylast_img

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