Prospect, a global PR and communications talent consultancy, and PublicAffairsAsia have released The 2014 Salary Survey report offering data on pay, bonuses, benefits and satisfaction levels of middle and senior tier communications and corporate affairs practitioners across Asia Pacfic. Taking salaries and bonuses combined, the regional average this year is US $152,587, and respondents reported an average salary increase of 7.2 per cent. Other key findings include:
- Corporate affairs practitioners are earning 32% more than their peers in other disciplines, such as PR and communications
- Men are earning 36% more than women in PR: US $136,683 versus $100,444 on average
- The average employee is receiving fewer than three days training in a year
- Expat benefits have declined and standard benefits remain the same, featuring a bonus, healthcare, pension and annual leave. Lifestyle benefits to address work life balance are on the rise.
Commenting on the report findings, Emma Dale, co-founder and managing director of Prospect, said: "In order to attract and retain top talent, salary is certainly an important consideration but not the only factor. Employers also need to be far more creative with benefits and develop an attractive working environment. Money alone will not retain your best people – training, career path development, company culture, office environment, flexible working hours, holiday allowance and staff entertainment also play a critical role."
Full report available for download here.