Experienced staff earn less money

first_imgRelated posts:No related photos. Previous Article Next Article Experienced staff earn less moneyOn 30 Mar 2004 in Personnel Today Experience is no longer the most valuable commodity for the HR professional,with the majority of over-50s earning less than their younger counterparts. A survey by website Payfinder.com found that the average HR professionalaged between 41-50 earns £33,025, compared with the £28,161 salary of theaverage HR professional aged 50-plus. HR is not alone in this trend, with only three professions – education,broadcasting and transport – rewarding older staff with more money for theirknowledge and experience. The online survey of more than 100,000 people across the country from 50different industries, reveals that once most professionals hit 50 years of age,their wage packets get smaller. Industry experts believe employers are more concerned about the recruitmentand retention of younger employees, and are therefore prepared to pay theminflated bonuses and higher salary increases. This is despite a rapidly ageing population, and the Government’s drive toincrease the number of older workers in employment. However, record numbers of complaints have been lodged by employees againstemployers, the majority of which are for alleged discrimination. In 2003 alone,the number of registered complaints increased by 20 per cent to 127,000. By Roisin WoolnoughDiffering pay rates                                    AveragePaySector              Age41-50        Age 50+Accountancy    £34,310           £24,446Banking            £35,089           £26,411Catering           £21, 821          £21,164HR                   £33,025           £28,161Internet             £38,725           £27,068Legal                £28,593           £22,963Source: Payfinder.com Comments are closed. last_img

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