Are FM professionals paying a ‘loyalty tax’?

by Liv Croagh
0 comment

Recruitment and career specialists Hays has released its latest salary guide. And, it appears as if tenured employments may be paying a price for loyalty.

 

According to the guide, 63 percent of 4800 professionals say that they would make more money and benefit financially from changing jobs and companies. 

 

“Skills shortages drove up salary offers for many new starters in 2022,” says managing director of Hays, Nick Deligiannis.

 

“For skills in highest demand, employers offered a salary increase up to CPI to secure a candidate. This exceeded average salary increases for existing staff, financially penalising loyal employees who are acutely aware of the monetary benefit of changing jobs.”

To compete with the competitive hiring market, the Hays’ salary guide has shown that employers are offering a sign on bonus for current employees for poaching other team members. According to a LinkedIn poll run by the recruitment agency, eight percent of 18,045 professionals surveyed said they’d received a starting bonus as well. 

For those in facilities management, loyalty doesn’t always pay the bills and it could be time to see what else is in market.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More