Reward Agency carried out HR remuneration survey with HR management association HENRY ry in the spring of 2022. The survey aimed to produce topical information from HR-jobs’ total compensation in Finland. The target group consisted of people, whose main role was in the human resources professional, manager or leadership positions. The survey had 374 participants through an internet survey and the central findings were displayed at HENRY:s membership event at beginning of April 2022.
HR-salary survey’s data was gathered through an internet questionnaire in February 2022. Altogether 374 HR professionals responded to the survey. 88 % of the respondents worked in the private sector and 12% worked in the public sector. 54 % of the organisations were private non-listed companies, 26 % listed companies and 20 % for example municipal or central government organisations or foundations, associations and cooperatives. 90% of respondents were women, 10% men, and 58% worked in professional jobs and 42% in managerial.
The respondents’ jobs were classified into five levels based on the given information. The classification utilized the job grade, if the respondent gave such. Other jobs were classified into five levels. The levels in the sample focused on demanding professional and managerial jobs, which reflects the background of the participants. Over 70% of participants had at least 6-10 years of experience. Success in similar jobs requires strong know-how and typically also wide experience from the right kind of jobs.
HR-jobs’ fixed monthly salary (base salary +benefits) median in Finland varies from 3 200 euros to 10 700 euros depending on the job level. The lowest level jobs’ incentives were very low, being around 0-1 week’s fixed salary on annual basis. The more demanding HR-jobs had on average 2-2,5 monthly salary as the short term incentive.
Of the participating organisations 65% had a Short Term Incentive program and 53% of respondents belonged to one. Long Term Incentive program was only used in 30% of the organisations and only 9% of respondents belonged to one. The incentive opportunities are usually the higher, the more demanding the job is. In HR-jobs the maximum Short Term Incentive opportunity varies between 5-40% of fixed salary and Long Term Incentive maximum opportunities between 9-45% of fixed salary.
If you are a member of Henry, you can download the free report from Henry’s website.