Nigel Wright Group’s Spanish Consumer Sector Salary Survey 2017 is specifically designed to provide insight into the salaries commanded by professionals within this sector.
Nigel Wright Group has earned a strong reputation within the consumer sector across Europe for providing a high-quality recruitment service that is built upon our industry knowledge. We consider it important to continue to bring customers relevant, useful information that they can use for benchmarking and decision making.
This year’s survey has been compiled from the responses of respondents who completed our online questionnaire in the first quarter of 2017 as well as data from our own extensive database of candidates. The survey represents a cross-section of respondents with the following profile:
- Consumer sub-sector: Advertising and Media; Clothing, Footwear and Accessories; Consumer Electronics; Food & Drink; Health & Beauty; Home Construction / DIY; Retail; Telecommunications; Toys & Games, Travel & Leisure, Sports / Sporting Goods, Warehousing & Logistics Services;
- Male 73%, female 27%;
- 40% of respondents are in their thirties and 44% in their forties;
- 89% of respondents are educated to degree level or above; 65% have a Master’s degree and 3% a PhD;
- 35% have been in their current position less than two years; 39% for between two and five years, 15% for between five and ten years and 11% for 10 or more years.
Our infographic summarises the key findings:
- Job satisfaction by job level: Executive (C-suite & board level) unsurprisingly display the highest levels of job satisfaction. The results show that almost a fifth (21%) of the workforce are dissatisfied, but the majority are satisfied with 60% saying they are either moderately or very satisfied. Although there are variations between the strength of respondents’ satisfaction there is a correlation between levels of satisfaction and position/salary. The challenge, then, is to find out why employees are dissatisfied and what can be done to change this, whilst ensuring that the satisfaction level of the rest of the workforce is maintained.
- Job satisfaction by discipline: Marketing and HR people are happier in their jobs than other disciplines – but sales people show higher levels of dissatisfaction than average. Operations and supply chain staff comprise the least satisfied (24%) people in our survey.
- Hours worked: There is little correlation between the number of hours people work each week and their levels of job satisfaction. People working over 50 hours a week are equally happy (or indeed, unhappy) as those working 40 hours.
- Leaving current employer: In the consumer sector, although money is important, the opportunity to experience new challenges is a persuasive factor for employees considering their next move. Achieving an improved work-life balance is also an increasingly important factor for job seekers today. Increased pay (69%), seeking new challenges (63%), promotion opportunities (40%) and improving their work-life balance (40%) are the main influences for people to leave their current employer.
- Salary increases: As part of their last salary review half of respondents (49%) received an increase of between 1% and 5%. At all levels, there is a degree of positivity regarding this year’s annual raise, with 28% anticipating an increase of at least 3% (6% anticipate 10% or more).
- Employee benefits: Respondents felt that the three most important employer benefits as part of a remuneration package were a personal bonus (59%), flexible working (55%), health insurance (46%) and a company car with petrol (36%). Holiday entitlement, career breaks, childcare allowances and a non-contributory pension were all deemed less important. For women, flexible working is more important than a personal bonus in an overall remuneration package. Men tend to value bonus and car allowances as more important factors in their overall benefits package than women do. Women value flexible working, an employer contributory pension, holidays and cars more than men value these benefits. Most of our sample in full time employment have between 21-25 days holiday a year, although 7% had over 31 days.
- Bonuses: Overall 88% of those surveyed receive some form of benefit or bonus. The most common being a company bonus (78%), a personal bonus (68%) and healthcare (65%). Only 42% of respondents receive a pension, which, on average, they have had for eight years. This is much lower than other European countries. Of those who receive a company pension there is an average of 4.8% contribution from the employer with the recipient contributing 3.6%. 91% of respondents said they had concerns about the size of their pension pot, with over a third (36%) admitting that they were very concerned.
- Flexible working: Six out of ten respondents (61%) work for a company that offers some kind of flexible working – the most common being working from home (40%) followed by flexi-time (32%). Part-time working is enjoyed by 16% of respondents.
- Working away from home: A surprisingly high number of people (63%) spend nights away from home during the week. Just over a third (37%) average one night away per week, 17% average two nights and 9% are spending at least three - although 77% of those spending 3 nights away are earning a salary of 70,000 Euros or more.
- Skills shortages: Over half (56%) of respondents felt that there were skill shortages at their place of work. The actions taken to address this by just under a third of our sample involved recruiting from other industries or increasing training. Increasing the recruitment budget (16%), recruiting from other countries (15%), hiring apprentices (13%) are other popular strategies to address skills shortages.
- Qualities needed to be successful: Respondents were asked to select what qualities they felt were the most important for those working in the consumer sector. Being flexible and adaptable (65%), a strategic thinker (61%) and having professional knowledge (53%) and great people skills (53%) were considered the most significant.
For more information on the Spanish Consumer Sector Salary Survey 2017, please contact Miriam Cruz on the details below:
Country Manager – Iberia & Latam
DD: +34 917 88 31 74
M: +34 627 52 41 97
Address: Palacio de Miraflores, Carrera de San Jerónimo, 15 - 2ª, 28014 Madrid, España