Business services professionals operating at C-suite and Director level have powerful voices at board-level and are instrumental in building new teams that have lasting impact. As such, Totum’s executive search offering for Director and Chief level roles continues to grow rapidly. Our recent report was created to help firms recruiting for senior roles, we wanted to offer a timely reminder of how salaries and bonuses are awarded at executive level. 

Key Highlights:

• Director level salaries across all professional services functions remain competitive, with median salaries ranging from £157,500-£182,537 across Finance, General Operations, Business Development and Marketing, Knowledge Management, Legal Operations, People, Responsible Business, and Technology roles.
• As with last year, Chief People Officer and Chief Financial Officer roles report the two highest median salaries. At a median salary of £285,000, the CFO rank offers the highest salary among Chief level roles. 
• Firms are increasingly prioritising technology and innovation, leading to a year-on-year increase in Chief salaries at the 75th percentile from £285,000 to £300,000.
• Our most recent survey of Chief Operating Officers found that 62% of Top 50 UK firms currently have a Chief Operating Officer, with a third (32%) being female.
• Average business service salaries across the UK increased by 5% (5.8% previous year). 
• Average business service salaries in city firms increased by 5.8% (6.7% previous year). 
• London salaries are 13% higher than the national average. 
• At the higher end of seniority, median bonus figures typically range from 10-20% of salaries, with even higher percentages for more senior Chief roles. Some bonuses exceeding 35%.

Click on the image above or on this link to read the full report including all data, research and analysis. 

To discuss the information provided or to chat further about our C-Suite and Director level recruitment opportunities, contact [email protected] or [email protected]