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Global benchmarking index 2022

The document presents a benchmarking analysis of salary and working hours satisfaction across various industries, highlighting the differences from overall averages. It includes three indexes: satisfaction with salary and working hours, actual salary and working hours, and an 'X-factor' measuring the difference between satisfaction and reality. The findings rank industries based on employee satisfaction and actual working conditions, revealing which sectors are performing above or below average.

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Diego Vidal Ho
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0% found this document useful (0 votes)
3 views

Global benchmarking index 2022

The document presents a benchmarking analysis of salary and working hours satisfaction across various industries, highlighting the differences from overall averages. It includes three indexes: satisfaction with salary and working hours, actual salary and working hours, and an 'X-factor' measuring the difference between satisfaction and reality. The findings rank industries based on employee satisfaction and actual working conditions, revealing which sectors are performing above or below average.

Uploaded by

Diego Vidal Ho
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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MOVEMEON

GLOBAL PAY &


SATISFACTION
BENCHMARKING

SALARY

WORKING
HOURS

SATISFACTION
INDEX 1

SATISFACTION WITH SALARY & WORKING HOURS

F o r s a t i s f a c t i o n w i t h s a l a r y a n d w o r k i n g h o u r s , t h e a v e r a g e s ati s f ac ti o n
f o r p e o p l e w o r k i n g i n e a c h i n d u s t r y w a s c o m p a r e d t o t h e o v e ral l
a v e r a g e o f a l l r e s p o n d e n t s , t o y i e l d a d i f f e r e n c e t o t h a t o v e ral l av e rag e
for each industry.

A p o s i t i v e f i g u r e m e a n s t h a t p e o p l e a r e m o r e s a t i s f i e d t h a n av e rag e ; a
negative figure, less satisfied.

I n d u s t r i e s h a v e t h e n b e e n r a n k e d b y s u m m i n g t h e d i f f e r e n c e v s av e rag e
f o r b o t h s a l a r y s a t i s f a c t i o n a n d w o r k i n g h o u r s s a t i s f a c t i o n to g i v e a
cumulative difference vs the overall average.

T h e h i g h e s t - r a n k e d i n d u s t r i e s a r e w h e r e p e o p l e a r e t h e m o s t s ati s f i e d
with the combination of salary and working hours.

T h e l o w e s t - r a n k e d i n d u s t r i e s a r e w h e r e p e o p l e a r e l e a s t s a ti s f i e d wi th
the combination of salary and working hours.

% above or below
Charity & Social Key: average

15.4%
Industrial & Manufacturing
11.9% Retail

1
10.3%

2 3
Tech and Pharma &
4. 9.2% 5. 8.3% 6. Travel 7.8%
e-commerce lifescience

7. Startup 7.2% 8. Media 2.9% 9. Private Equity 2.0%

10. Consumer 1.0% 11. Property 0.0% 12. Health 0.0%

13. Insurance -0.5% 14. Retail Banking -1.4% 15. Fintech -2.6%

16. Utilities -3.1% 17. Government -3.8% 18.


Business
Francisco Andrade
Services
100
-5.7%

Banking & Venture


19. Leisure -6.5% 20. -16.1% 21. -16.7%
Asset Mgmt Captial

Professional
22. Telecoms -16.9% 23. Consulting -18.8% 24. -30.8%
Services
MOVEMEON

POWERING CAREERS IN & AFTER CONSULTING -


WORLDWIDE.

Consultants are blessed with a transferable skill set that can be used in an
almost limitless number of industries / organisation types. Our mission is to
help everyone make a more informed career choice.

In August 2022 we created the world's first index of careers for all those
staying in or leaving consulting. ~1,500 current & former consultants
participated and shared their salaries & working hours and satisfaction with us.

We have used this data to create 3 indexes:

Index 1 looks at satisfaction with salary and working hours

Index 2 considers actual salary and working hours

Index 3 considers the difference between actual salary & working hours and
the satisfaction with those with the difference between satisfaction and
reality amounting to the sense of purpose people feel when working within
the industry.

All the best,

Richard Rosser & Nick Patterson


Co-founders of Movemeon

MOVEMEON.COM
INDEX 2
ACTUAL SALARY & WORKING HOURS

F o r a c t u a l s a l a r y a n d w o r k i n g h o u r s , t h e a v e r a g e f o r p e o p l e wo rk i n g i n
e a c h i n d u s t r y w a s c o m p a r e d t o t h e o v e r a l l a v e r a g e o f a l l r e s p o n d e n ts ,
t o y i e l d a d i f f e r e n c e t o t h a t o v e r a l l a v e r a g e f o r e a c h i n d u s try .

A p o s i t i v e f i g u r e m e a n s t h a t p e o p l e w o r k f e w e r w e e k l y h o u rs o r e arn
h i g h e r s a l a r i e s t h a n a v e r a g e ; a n e g a t i v e f i g u r e m e a n s t h e y wo rk m o re
weekly hours or earn lower salaries than average.

I n d u s t r i e s h a v e t h e n b e e n r a n k e d b y s u m m i n g t h e d i f f e r e n c e v s av e rag e
f o r b o t h s a l a r y a n d w o r k i n g h o u r s = t o g i v e a c u m u l a t i v e d i f f e re n c e v s
the overall average.

T h e h i g h e s t - r a n k e d i n d u s t r i e s a r e w h e r e p e o p l e w o r k f e w e r h o u rs &
earn higher salaries.

T h e l o w e s t - r a n k e d i n d u s t r i e s a r e w h e r e p e o p l e w o r k m o r e h o u rs an d
earn lower salaries.

% above or below
Pharma & lifescience Key: average

20.4%
20.4%
Retail Banking
14.2% Retail

1
13.8%

2 3
Business Tech &
4. 10.7% 5. 9.2% 6. Insurance 6.8%
Services E-commerce

Banking & Venture Professional


7. 5.7% 8. 4.9% 9. 4.5%
Asset mgmt Capital Services

10. Telecoms 4.2% 11. Private Equity 3.4% 12. Health 0.6%

Industrial &
13. Media 0.5% 14. Consulting 0.3% 15. -0.4%
Manufacturing

16. Utilities -0.6% 17. Government -3.1% 18. Fintech -5.3%

Charity &
19. Property -9.2% 20. Travel -10.8% 21. -11.6%
Social

22. Consumer -14.1% 23. Leisure -20.7% 24. Startup -22.4%


INDEX 3
INDUSTRY X-FACTOR

T h e t h i r d i n d e x l o o k s a t t h e d i f f e r e n c e b e t w e e n i n d e x e s 1 an d 2 , n am e l y ,
i t s h o w s t h e d i f f e r e n c e b e t w e e n s a t i s f a c t i o n w i t h w o r k i n g h o u rs & s al ary
combined vs the actual working hours & salary combined.

I n d u s t r i e s a r e t h e n r a n k e d a c c o r d i n g t o t h e l a r g e s t d i f f e r e n c e b e twe e n
t h e t w o . T h e h i g h e s t - r a n k e d i n d u s t r i e s f o r " X - f a c t o r " a r e w h e re p e o p l e
r e p o r t a b o v e - a v e r a g e s a t i s f a c t i o n w i t h w o r k i n g h o u r s & s a l ary , d e s p i te
actual working hours & salary being below average.

T h e l o w e s t - r a n k e d i n d u s t r i e s a r e w h e r e p e o p l e r e p o r t b e l o w- av e rag e
s a t i s f a c t i o n d e s p i t e a c t u a l a v e r a g e w o r k i n g h o u r s & s a l a r i e s b e i n g ab o v e
average.

There are various explanations for this index.

F i r s t l y i t c o u l d s h o w h o w s t r o n g a s e n s e o f p u r p o s e p e o p l e f e e l i n th e i r
jobs depending on the industry.

S e c o n d l y , i t c o u l d p o i n t t o o t h e r f a c t o r s t h a t c o u l d b e c o n si d e re d ap art
f r o m s a l a r y a n d w o r k i n g h o u r s ( e . g , t o t a l c o m p e n s a t i o n , p ro g re s s i o n ,
learning & development).
Startup
% above or below
29.6% Key: average
Charity and Social
27.0% Travel

1
18.5%

2 3
Industrial &
4. Consumer 15.1% 5. Leisure 14.1% 6. 12.3%
Manufacturing

7. Property 9.2% 8. Fintech 2.7% 9. Media 2.4%

Tech & E-
10. 0.0% 11. Health -0.7% 12. Government -0.7%
commerce

13. Private Equity -1.4% 14. Utilities -2.5% 15. Retail -3.5%

16. Insurance -7.2% 17.


Pharma &
lifescience
-12.2% Francisco Andrade
18. Retail Banking 100
-15.6%

Business
19. -16.4% 20. Consulting -19.2% 21. Telecoms -21.2%
Services

Venture Banking & Professional


22. -21.5% 23. -21.8% 24. -35.3%
Capital Asset Mgmt Services
MOVEMEON

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further!

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