UK Sales and Marketing Professionals' Salary Insight: A Comprehensive Survey Revealing Earnings Across the Industry
FinTech companies and teams are rapidly growing, but job vacancies outpace the number of available candidates, driving starting salaries up.
2022 saw the highest salary budget increases in nearly 20 years in the Sales and Marketing field. And given the fundamental role salary plays in an organisation’s ability to attract and retain talent, employers plan to carry this adjustment through to 2023– yet remain cautious about how and when they allocate the overall budget.
Today, sales talent comes at a premium, especially in this market. Companies hiring in sales are facing shortages.
In order to compete, firms are getting competitive with higher bases and commissions, and more attractive benefits/perks.
On the flip-side, firms that enforce strict in-office policies are experiencing the highest turnover rates.
The need for talent in this field is now so great that many candidates receive 3-5 offers during their job search. It’s a fierce market that swings highly in favour of candidates. It will certainly be interesting to see innovative approaches arise to compete amidst this.
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