06

Change in Salary

What change (if any) was made to your annual salary at your last pay review?

64% of respondents received a base salary increase marginally down from 63% last year, 2% of respondents had a base salary reduction down from 7% the previous year, while 34% of respondents had no change made to their base salary (versus 29% last year).

Base: All giving an answer (2009: 884 2010: 1039)

Reduced 2.1% (-4.6%) Up by <5% 4.5% (+2.8%)

Up by 5-10% 30.9% (+5.6%)

Up by 10-15% 16.1% (-6.6%)

Unchanged 34.3% (+5.6%)

Very 16%(+6%)

Up by 15%+ 8.2% (-4.5%)

Average Salary Increase: By prime professional activity

Based on the survey respondents, those employed in Retail Development, Fund Management and Development Management enjoy the highest average earnings (e.g. > R600,000 per annum), while at the other end of the spectrum those employed in Marketing & Sales, Brokerage, Planning, Retail Centre Management and Property Management earn the lowest earnings within the property industry (e.g. < R300,000). Those employed in Retail Development, Fund Management, Research/Analysis and Interior Design secured the highest average salary increase across the property industry, however these findings need to take into consideration the response rate of below 50 per prime professional activity and hence treated with “care”.

2009 Average Salary R,000

All participants

Retail Development Fund Management

Development Management

Asset Management

Corporate Real Estate (new)

Project Management

Research/Analysis

Construction Management Architecture

Facilities Management Consultant Interior Design Legal

Quantity Surveying Property Management Valuation

Leasing Consultants

Corporate Finance

Facilities Management (Service Provider)

Facilities Management (In-House) Accounts/Finance

Marketing & Sales Brokerage Planning

Retail Centre Management

Property Administration

410.4

485.1 452.8

698.7

623.9 na

537.3

230.0 349.1 305.4 na

244.3 na

402.7 438.7 421.4 335.4

402.5 357.7

387.0 344.7

313.3 422.3 620.9 274.6

188.8

Please note: Other x 67 + Not Answered x 64 not included in above responses.

Response rate below 50 responses highlighted in grey.

www.macdonaldandcompany.co.za

2010 Average Salary R,000

376.0

731.5 721.8

629.9

570.5 550.4

533.0

443.0 432.3 426.9 413.5 389.7 375.9

374.7 374.3 367.5 351.4

343.8 340.5

336.7 319.5

291.9 263.4 245.1 244.7

170.9

Change +/-

-8.4%

50.8% 59.4%

-9.9%

-8.6% na

-0.8%

92.6% 23.8% 39.8% na

59.5% na

-7.0%

-14.7% -12.8% 4.8%

-14.6% -4.8%

-13.0% -7.3%

-6.8%

-37.6% -60.5% -10.9%

-9.5%

2010 Survey Responses

1363

14 12

71

38 30

63

24 24 17 15 7

15

98

194 70 54

14 49

74

112

48 36 15 40

98

Percent

100%

1% 1%

5%

3% 2%

5%

2% 2% 1% 1% 1% 1%

7%

14% 5% 4%

1% 4%

5% 8%

4% 3% 1% 3%

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