03 KEY FINDINGS
• Salaries across the property sector have fallen by 2.5% (versus +1.1%*) • Only 32% of respondents received a base salary increase (versus 58%*) • 15% of respondents had a base salary reduction, averaging a 20% salary reduction • 53% of respondents had no change made to their base salary (versus 31%*) • Lower bonuses paid overall, those receiving bonuses fell from 42% to 31%, with an average bonus dropping from £5,596 to £4,750
• Provision of new and existing benefits cut back • 74% of respondents class their current employer as their employer of choice (versus 83%*) • 22% (versus 16%*) are not satisfied overall with their current job and 34% (versus 29%*) of respondents think they will change employer in the next 12 months
• A large number of professionals expect some sort of pay reduction in the next 12 months • 38% of respondents believe that the property market will get better over the next 12 months (versus 13% previous year)
• Average salary up from £43.7K to £47.1K, due to more experienced and senior respondents than last year
* last year
RESEARCH SAMPLE PROFILE 2010 Survey Response
In its eleventh year, with 8,477 respondents, the survey is the most robust and respected survey of its kind. Response to the survey was down slightly by 19.1% on the previous year although it still secured the second highest response rate since its inception.
11.000
2.000 3.500 5.000 6.500 8.000 9.500 11.000
10,476
2.000 3.500 5.000 6.500 8.000 9.500
8,477 6,920 5,329 4,841
2006 2007 2008 2009 2010
2006
2007
2008
2009
2010
2009
13% 20% 27% 33% 40%
40% 33% 27% 20% 13% 7% 0% 0% Up to 4 5-10 11-15 16-20 Over 20
2010
2010 Survey Response/Years’ Experience
40% of the respondents have 20 years’ experience or more in their chosen discipline, versus 29% last year.
www.macdonaldandcompany.com
The RICS and Macdonald & Company Rewards & Attitudes Survey 2010
28% 15% 22% 21%
11% 14%
10% 11%
29% 39%
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14