Directors earn £85,000+April 2008
A head of corporate responsibility at a UK company can expect to earn more than £85,000 ($171,000) a year.
The first ever CSR salary survey, conducted by Ethical Performance, the recruitment agency Acre Resources and the consultancy Acona, gives the figures and reveals that at larger businesses these executives, with the typical job title ‘director of CSR’, can command more than £100,000 excluding bonuses.
Corporate responsibility managers reporting to a departmental head have starting salaries of about £50,000, a figure that remains fairly consistent regardless of company size.
Those slightly further down the scale – who sit within a team and may focus on a particular area such as environmental management, community or reporting – typically earn between £30,000 and £40,000.
The statistics derive from a confidential online questionnaire in late 2007 that drew responses from 281 UK practitioners, 85 of whom worked for FTSE 100 companies. The respondents were asked for details of their annual salary and any bonus, but not pension or other benefits.
Comparable salaries in consultancies are slightly lower. Directors and senior partners are more likely to earn £70,000–£85,000 rather than anything higher, and senior consultants £40,000–£50,000. A consultant working under the guidance and supervision of more senior colleagues usually receives about £30,000.
The survey found that larger companies, in terms of employee numbers, offered senior practitioners better remuneration – with some earning up to £30,000 more.
However, companies with fewer than 500 employees tended to be more generous in the salaries they paid to junior practitioners, perhaps because these executives had a number of roles, including corporate responsibility.
A third of corporate respondents had no staff directly reporting to them and 45 per cent had a global remit. There appeared to be a relatively weak correlation between a company’s overall employee numbers and team size. Respondents from the largest organizations, with at least 25,000 employees, did not necessarily have the biggest teams.
There was little evidence that those working for the larger companies, with 10,000 employees or more, had access to bigger budgets than those in smaller organizations. Nor was there any suggestion that those receiving the highest salaries, of £100,000 plus, had control of the largest budgets of £500,000 or more.
Another surprise finding was that less than half of departmental heads appeared to report directly to the chief executive or another main board director. In most cases there was an additional management layer, such as a human resources or corporate affairs director, between them and the board.
A second survey is now planned to be held at the end of this year.
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