first_img Previous Article Next Article HR directors in the UK are the highest paid in Europe, claims research by HRconsultants Towers Perrin. The study claims that the average basic salary for a HR director working inBritain is £110,946 – a year-on-year rise of nearly £7,000. When bonuses andshare options are taken into consideration, the annual pay package rises to£217,570 a year on average. The Worldwide Total Remuneration Survey shows that Belgium comes next with atotal package worth £210,365. However, surprisingly, HR directors are valued alot less by employers in France and Germany with average remuneration deals of£148,210 and £156,688 per year respectively. Damien Carnell, principal of the executive compensation unit at TowersPerrin, said, “UK companies value HR more than their Europeancounterparts. The pay results of the survey do not surprise me as HR thinkingis not as advanced in Europe. They do not see the results an engaged andcommitted workforce can bring.” But European pay scales in HR lag behind those in the US. HR directors inthe US receive the largest total remuneration in the world at an average of£313,751, and a basic salary of £125,742. Long-term incentives are better inthe US with share options averaging £81,732. “In the US, they have a high- pay, high-performance culture and arequick to restructure organisations and move people on if their performance isnot good enough – it is why they have the highest productivity in theworld,” said Carnell. Consultants Towers Perrin used HR salary data from 26 different countries. By Paul Nelson www.towers.com Comments are closed. UK HR directors have top pay packages in EuropeOn 18 Dec 2001 in Personnel Today Related posts:No related photos.last_img