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With help from the Research and Insights team at Executive Network Group, and the expertise from our friends at Unum, BDO, and Reward Heads - Network HR has created this report covering the compensation and benefits trends alongside a 2023 salary guide. This is exclusive to the Human Resources market in the Financial Services sector, in particular - Banking, Asset Management, Fintech, and Insurance.
2022 saw an increase in outsourcing throughout the Facilities Management sector, with organisations within Europe, the Middle East, and North America upscaling their outsourcing initiatives up 50%. The sector also experienced development with integrated software, reduced real estate contracts and post-pandemic health and safety initiatives.
This year has seen hiring confidence increase across multiple sectors. Recruitment demand has soared in 2022, which demonstrates real buoyancy in the safety recruitment market following the events of the last few years. Salaries have inflated by an average of 15% to align not only with candidate demand, but the rising cost of living as a result of the geopolitical state.
We have seen candidates feeling somewhat ambivalent during their search process, with many only wanting to progress their career in upwards steps on their trajectory as opposed to accepting offers at the same job level.
Over the last three years, the manufacturing industry has seen unprecedented change and the impact of various world events shows no sign of slowing, the talent pool within the sector is highly saturated, however with new challenges come new demands, and as we end 2022 in a cost-of-living crisis, compensation packages are of utmost importance for many.
2022 saw an increase in outsourcing of specialist staff throughout the Logistics and Transport sector, due to the continued supply chain issues that look certain to carry on into the new year. These workers were drafted in to heal the skills gap in process automation, databases, artificial intelligence (AI), and environmental development. The industry also made great strides in its pursuit of NetZero with the development of autonomous vehicles, a leading factor.
Over the last three years, the Heavy Equipment and Powered Access industry has seen unprecedented change and the impact of various world events shows no sign of slowing, the talent pool within the sector is highly saturated, however with new challenges come new demands, and as we end 2022 in a cost-of-living crisis, compensation packages are of utmost importance for many.