Legal Salary Survey 2013

LEGAL SALARY SURVEY 2013 EDITION The information illustrated in this infographic has been gathered from an online survey of over 500 respondents, as well as data from an extensive database of candidates. The analysis has been complimented with expert knowledge of the Sellick Partnership senior management team to provide input on salaries, market trends, flexible working and benefits packages. OVERVIEW In the past year, firms in Manchester, Leeds and Birmingham have reasserted themselves as profitable entities following three years of economic woes. Pensions Holidays 16% Flexible Benefits 61% 11 % Bonus 6% BONUS & BENEFITS 3% Healthcare 3% Car Allowance The vast majority of solicitors did not receive a bonus last year, of those that did, 51% 51% said that it was down from the previous year 6% Only 6% of legal professionals recognise bonuses as the most important benefit 61% The vast majority of participants said holiday was the most important benefit This shift in priorities can be attributed to the Generation X and Generation Y 70% factors - a term coined for a whole new breed of workers, representing 70% of the UK workforce. RECRUITMENT ACTIVITY ACROSS THE REGIONS Are employers planning to recruit in the next 6 months? NORTH WEST MIDLANDS YORKSHIRE NORTH EAST Figures in % 27 24 25 23 23 20 20 19 19 Yes No 48 40 42 31 29 28 22 25 15 Next 6 - 12 months Not in the next 6 - 12 months The North West proved to be one of the strongest areas of employment: 24% 24% of firms definitely looking to recruit in the next 6 months, resulting in an increase in the number of vacancies being released in 2013 48% 48% of firms are looking to recruit within the next 12 months. CHALLENGES AHEAD Challenges faced by managers over the next twelve months. 38% 38% of managers believed achieving more with a limited team will be the toughest task for the year ahead Increasing resource Achieving more with a limited team Keeping your own motivation 20% 38% 19% Making redundancies 13% 4.5% Rewarding staff (none monetary) 3.5% 2% Raising skill levels Risk of staff leaving Only 23% of employees feel 'better' or 'motivated' about their careers over the 23% past two years 46% of legal professionals felt 'worse' and 'dissatisfied' about their career 46% during the recession. SALARY SURVEY RESULTS Salary bands for each of the regions. LEEDS & YORKSHIRE BIRMINGHAM & THE MIDLANDS MANCHESTER & NORTH WEST NEWCASTLE & NORTH EAST NQE: Newly-Qualified Experience | PQE: Post-Qualified Experience NQE - 2Yrs PQE 2 - 3Yrs PQE 3- 4Yrs PQE 5 - 6Yrs PQE 6Yrs+ PQE AVERAGE HOW CAN EMPLOYERS SECURE THE BEST TALENT? Organisations need to listen to what people want, and take feedback on board 1 to ensure a productive and motivated workforce Firms must review their bonus and benefits packages to ensure that they are 2 competitive in their offering- providing a key tool for attracting new talent and retaining existing staff Employers must recognise the differences between Generation X and 3 Generation Y - and acknowledge the desires and ambitions of the younger workforce. SOURCES Sellick Partnership Market & Salary Guide 2012/13 - Gathered from over 500 respondents who completed an online survey, as well as data from the firm's extensive database of candidates. ABOUT SELLICK PARTNERSHIP Established in 2002, Sellick Partnership provides legal and financial recruitment solutions within the private, public and not-for-profit sectors. We specialise in placing professionals into a variety of positions on a temporary, interim, contract and permanent basis across the UK. CONTACT Anna Gibbons | 0161 834 1642 | [email protected] | www.sellickpartnership.co.uk Copyright © 2013 Sellick Partnership Limited ** INVESTORS IN PEOPLE Sellick Partnership Recruitment Specialists Silver 32,333 £43,333 £32,667 £44,333 £32,667 £43,667 E30,333 £42,667 Recruitment Specialists £36,333 Sellick Partnership £42,000 000'9E3 ** 000'9E3 £34,667 000'8t3 £40,333 £38,866 E39,667 £38,933 £39,333 £38,553 £37,333 £38,600 LEGAL SALARY SURVEY 2013 EDITION The information illustrated in this infographic has been gathered from an online survey of over 500 respondents, as well as data from an extensive database of candidates. The analysis has been complimented with expert knowledge of the Sellick Partnership senior management team to provide input on salaries, market trends, flexible working and benefits packages. OVERVIEW In the past year, firms in Manchester, Leeds and Birmingham have reasserted themselves as profitable entities following three years of economic woes. Pensions Holidays 16% Flexible Benefits 61% 11 % Bonus 6% BONUS & BENEFITS 3% Healthcare 3% Car Allowance The vast majority of solicitors did not receive a bonus last year, of those that did, 51% 51% said that it was down from the previous year 6% Only 6% of legal professionals recognise bonuses as the most important benefit 61% The vast majority of participants said holiday was the most important benefit This shift in priorities can be attributed to the Generation X and Generation Y 70% factors - a term coined for a whole new breed of workers, representing 70% of the UK workforce. RECRUITMENT ACTIVITY ACROSS THE REGIONS Are employers planning to recruit in the next 6 months? NORTH WEST MIDLANDS YORKSHIRE NORTH EAST Figures in % 27 24 25 23 23 20 20 19 19 Yes No 48 40 42 31 29 28 22 25 15 Next 6 - 12 months Not in the next 6 - 12 months The North West proved to be one of the strongest areas of employment: 24% 24% of firms definitely looking to recruit in the next 6 months, resulting in an increase in the number of vacancies being released in 2013 48% 48% of firms are looking to recruit within the next 12 months. CHALLENGES AHEAD Challenges faced by managers over the next twelve months. 38% 38% of managers believed achieving more with a limited team will be the toughest task for the year ahead Increasing resource Achieving more with a limited team Keeping your own motivation 20% 38% 19% Making redundancies 13% 4.5% Rewarding staff (none monetary) 3.5% 2% Raising skill levels Risk of staff leaving Only 23% of employees feel 'better' or 'motivated' about their careers over the 23% past two years 46% of legal professionals felt 'worse' and 'dissatisfied' about their career 46% during the recession. SALARY SURVEY RESULTS Salary bands for each of the regions. LEEDS & YORKSHIRE BIRMINGHAM & THE MIDLANDS MANCHESTER & NORTH WEST NEWCASTLE & NORTH EAST NQE: Newly-Qualified Experience | PQE: Post-Qualified Experience NQE - 2Yrs PQE 2 - 3Yrs PQE 3- 4Yrs PQE 5 - 6Yrs PQE 6Yrs+ PQE AVERAGE HOW CAN EMPLOYERS SECURE THE BEST TALENT? Organisations need to listen to what people want, and take feedback on board 1 to ensure a productive and motivated workforce Firms must review their bonus and benefits packages to ensure that they are 2 competitive in their offering- providing a key tool for attracting new talent and retaining existing staff Employers must recognise the differences between Generation X and 3 Generation Y - and acknowledge the desires and ambitions of the younger workforce. SOURCES Sellick Partnership Market & Salary Guide 2012/13 - Gathered from over 500 respondents who completed an online survey, as well as data from the firm's extensive database of candidates. ABOUT SELLICK PARTNERSHIP Established in 2002, Sellick Partnership provides legal and financial recruitment solutions within the private, public and not-for-profit sectors. We specialise in placing professionals into a variety of positions on a temporary, interim, contract and permanent basis across the UK. CONTACT Anna Gibbons | 0161 834 1642 | [email protected] | www.sellickpartnership.co.uk Copyright © 2013 Sellick Partnership Limited ** INVESTORS IN PEOPLE Sellick Partnership Recruitment Specialists Silver 32,333 £43,333 £32,667 £44,333 £32,667 £43,667 E30,333 £42,667 Recruitment Specialists £36,333 Sellick Partnership £42,000 000'9E3 ** 000'9E3 £34,667 000'8t3 £40,333 £38,866 E39,667 £38,933 £39,333 £38,553 £37,333 £38,600