Employees in L&D field have moved from being one of the lowest paid specialists in the HR industry to become the second highest paid specialists.
02.11.07
Learning, training and development managers now earn an average of £45,000 (4% higher than the average HR salary) compared to £37,739 (2.4% below the average HR salary) last year.
Steve Benfield, Principal Consultant believes this is to do with a shift in its importance at board level. “Over the last 10 years, we’ve really seen a shift in attitudes and beliefs that employee training and development can alter a company’s overall performance. That's why more and more L&D specialists are reporting directly to Directors.”
It’s becoming more and more important as companies continually change to meet the needs of the ever demanding consumer. Companies need to ensure that their organisation is capable of addressing the opportunities and challenges that so often arise in these transitional periods.
“It’s about leading and building a team that accepts responsibility and wants to be involved in growing the business."
"It’s often about looking at doing things differently and recognising that your own employees can often be developed further, which is particularly important in a talent short market”
“Although there is still a long way to go before companies engage with performance development as a long term strategy, there have been significant steps taken and it looks set to continue” Steve added.
(Source: CIPD & Croner Reward)
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