North East Salary Survey (finance)
- 1. North East Salary Survey 2016 What are you worth?
- 2. Welcome to the 2016 edition of the Nigel Wright Recruitment North East Salary Survey. As a company that is at the core of recruitment in the region, it is essential that we acknowledge any market trends that have taken place during the previous year, without engaging in any unpredictable uncertainties caused by Brexit. Introduction The information in this report has been gathered from over 1000 respondents who completed our online survey, as well as data from our extensive database of candidates. This provides us with a large data-set allowing us to understand in more depth the average salary and the type of benefits people receive within the North East. Other factors include what benefits people see as an important part of their remuneration package and the reasons why people move jobs internally or externally, as well as the methods that they utilise to search for a new job. We hope that the results presented within the general overview and discipline specific sections will be of interest. For further information and advice please contact one of our consultants specialising in your specific discipline on 0191 222 0770. About Nigel Wright Recruitment Since its formation in the 1980s, Nigel Wright Group has become a leading name in the recruitment industry across Europe. Nigel Wright consultants solve business problems for clients every day through the provision of effective recruitment solutions. The business has grown from being a specialist recruiter in the finance sector to covering a full range of disciplines in a number of different industry sectors. Currently, we have thirteen offices from which to support our growing client base; each office supports either our consumer, executive or recruitment business units. Our current locations are: Newcastle, London, Teesside, Paris, Madrid, Dusseldorf, Amsterdam, Copenhagen, Aarhus, Oslo, Stockholm, Gothenburg and Malmo. Nigel Wright Recruitment is a specialist UK division focusing on a broad range of professional disciplines and industry sectors for local, national and international businesses. The teams are able to handle executive and senior management roles, through to junior and entry level for permanent, temporary, interim and contract assignments. We also serve the following key industry sectors: industrial and manufacturing, consumer, business and professional services, public and third sectors, scientific and digital and creative and cover the following disciplines; executive and NEDs, sales, marketing, engineering, manufacturing, supply chain and procurement, finance and accountancy, information technology and human resources. Nigel Wright Recruitment’s specialist consultants are committed to delivering a quality service; most have an industry background and will have experience of dealing with key companies in your sector. This depth of knowledge and expertise ensures that the professional and unique service offered to our clients and candidates is second to none. Contents 1. Executive summary 04 2. Non-monetary indicators 07 2.1 Weekly hours worked by sector 08 2.2 Ideal changes for work life balance 09 2.3 Job satisfaction by job level 10 2.4 Job satisfaction by discipline 11 2.5 Factors influencing a change of roles 12 2.6 Methods used to search for a new role 13 2.7 Hiring intentions of company 14 3. Salary, benefits and bonuses 15 3.1 Basic salary excluding benefits or bonus by type of employment 16 3.2 Basic daily rate for non-permanent employment 17 3.3 Basic salary excluding benefits or bonus by generic job title 18 3.4 Average percentage of salary increase received 19 3.5 Importance of benefits as part of a remuneration package by gender 20 3.6 Flexible working options offered by organisations 21 4. Analysis of salaries in relation to discipline 22 4.1 Executive/Board level 23 4.2 Finance and Accountancy 26 4.3 Human Resources 29 4.4 Information Technology 32 4.5 Supply Chain 35 4.6 Manufacturing and Engineering 38 4.7 Marketing 42 4.8 Sales 45 Contact details 47
- 3. North East Salary Survey 2016 0504 North East Salary Survey 2016 Respondents’ Profile COMPANY AND EMPLOYEE PROFILE The majority of respondents (61%) are employed by companies/organisations with less than 1000 employees. In the main (41%) people work for small companies/organisations that employ less than 250 people. Thirty-six percent work for medium sized companies/organisations, and 23% work for large organisations with more than 5000 employees. 40% are employed by companies/organisations with a turnover greater than £40 million. Twenty percent work for companies/organisations with a turnover in excess of £500 million; Over half of respondents work in either the industrial and manufacturing (35%) or business support and professional services (22%) sectors. The remaining respondents are employed in the consumer (9%) and digital and creative (7%) public and third (10%) sectors. 1. Executive summary Male: 67% Female: 33% BASE: 1000+ PLUS REGISTERED NORTH EAST Average age: 42 95% Work in full time employment 72% Are educated to degree level or above 32% Hold a professional qualification such as CIM, IPD, ACA, etc WORK HISTORY AND JOB SATISFACTION 62% of respondents have worked for their current employer between one and five years. Sixteen percent have been with the same company for more than 10 years and 36% less than two years. The majority (61%) of respondents have been in their current role for less than three years. Nineteen percent have been fulfilling the same role for more than five years, while 22% have been in their role for less than 12 months. On average, respondents work 43 hours per week. The majority of respondents were either satisfied (26%) or moderately satisfied (35%) in their current job. Seventeen percent described themselves as either very satisfied or moderately dissatisfied, while 5% are feeling very dissatisfied. BASIC SALARY, EXCLUDING BENEFITS AND BONUSES As part of their last salary review respondents received, on average, a 3% increase. Overall, respondents were expecting slightly less in their next salary review, with the average increase expected, falling to 2.6%. On average there was a 12% difference between male and female salaries. The majority of respondents were either satisfied (26%) or moderately satisfied (34%) with their current remuneration. Fifteen percent claimed to be very satisfied, whereas 20% say they are moderately dissatisfied. Only 6% are feeling very dissatisfied. JOB SEEKING AND JOB CHANGING 70% of respondents in permanent employment would use Nigel Wright Recruitment’s website to search for a new job. This was followed by other online job boards (46%) and other recruitment consultants (45%). 40% would make direct approaches to employers. 34% would use social networking sites, but only 8% would use regional or local newspapers. Respondents in non-permanent employment rely more on online job boards (70%). Increased remuneration, promotion and new challenges would be the most important factors for respondents, when looking to change jobs.
- 4. 06 North East Salary Survey 2016 BENEFITS 73% of respondents working in permanent employment receive some form of company benefit or bonus as part of their remuneration package. Pension 36% with a pension have held their company pension fund for more than five years, with employers contributing 6% on average, and respondents personally contributing 6%. Car allowance or loan 32% of respondents working in permanent employment are entitled to a car allowance or loan, with an average value of £7,400. Annual leave The majority of respondents working in permanent employment (54%) are entitled to between 21 and 25 days of leave per year. Thirty-nine percent take more than 25 days leave every year. Healthcare 46% of respondents working in permanent employment are entitled to healthcare. Half of those with healthcare benefits (51%) receive cover for both themselves and family members. Importance of benefits Respondents working in permanent employment felt that the three most important employer benefits as part of a remuneration package were an employer contributory pension (64%), flexible working (57%) and holiday entitlement (57%). This was followed by a personal bonus (33%) a bonus based on company performance (23%) and health insurance (17%). BONUS Guaranteed bonus Only 8% of respondents working in permanent employment receive a guaranteed bonus as part of their remuneration package. Their average bonus payment was 10%, and they anticipate their next annual bonus will be slightly higher (11%). Company performance related bonus 46% of respondents working in permanent employment receive a company performance related bonus as part of their remuneration package, the average being 8%. They anticipate the next company performance related bonus also being 8%. Personal performance related bonus 27% of respondents working in permanent employment receive a personal performance related bonus as part of their remuneration package, the average being 8%. They anticipate the next personal performance related bonus also being 8%. North East Salary Survey 2016 3. Non-monetary indicators
- 5. 08 North East Salary Survey 2016 North East Salary Survey 2016 09 2.1 Weekly hours worked by sector This section presents information from respondents from all disciplines and levels, on their working hours, levels of satisfaction and the factors that motivate them to change roles. On average, respondents work 42 hours per week. Forty-one percent of respondents work between 36 and 40 hours per week. Thirty-seven per cent of respondents work between 41 and 50 hours per week and a further 13% work over 50 hours per week. On average, employees in the consumer and industrial and manufacturing and sectors work slightly longer hours per week. In the 2016 survey, we added a question that asked people what they would ideally change in order to improve their work life balance. Cross checking the results against job satisfaction, it becomes clear that the majority of people who are dissatisfied with their job would ideally like to reduce their working hours. Where respondents highlighted other issues, the keys things mentioned were that people would prefer less stress and a greater ability to work from home. Level of satisfaction %ofrespondents 0 10 20 30 40 50 60 70 very satisfied all moderately satisfied satisfied moderately dissatisfied very dissatisfied other nothing working hours personal commitments commuting time 2.2 Ideal changes in order to improve work life balance 37 38 39 40 41 42 43 44 45 46 Sector Avg.No.Hours public and third sector business support and professionalservices scientific and life sciences digitaland creative industries energy built environm ent industrial,m anufacturing and logistics consum er products and services
- 6. 10 North East Salary Survey 2016 North East Salary Survey 2016 11 0 5 10 15 20 25 30 35 40 very satisfied moderately satisfied satisfied moderately dissatisfied very dissatisfied Level of satisfaction %ofrespondents executive management non management all Level of satisfaction %ofrespondents 0 5 10 15 20 25 30 35 40 very satisfied moderately satisfied satisfied moderately dissatisfied very dissatisfied support services operations commercial executive all The results show a fairly satisfied workforce in the UK overall. Although there are variations between the strength of respondents’ satisfaction, over 78% of respondents at each level of their organisations rated themselves as being between satisfied and very satisfied. There are also differences by gender with 81% of female respondents saying they were satisfied, compared to 76% of men Below executive level, those working in commercial roles are the least satisfied. For example, 28% of respondents working in marketing said that they were dissatisfied compared to only 19% in supply chain and procurement. Respondents were asked to rate their level of job satisfaction on the following five-point scale: 1 = very dissatisfied 2 = moderately dissatisfied 3 = satisfied 4 = moderately satisfied 5 = very satisfied 2.3 Job satisfaction by job level 2.4 Job satisfaction by discipline Executive = Board level Commercial = Sales, Marketing Business Development Operations = Engineering, Supply Chain Manufacturing Support Services = HR, IT Finance
- 7. 12 North East Salary Survey 2016 North East Salary Survey 2016 13 Respondents were asked to select the top three factors that would motivate them to change jobs, both within their current company (internally) and to another organisation (externally). It is perhaps no surprise that the three most popular influencing factors are quite closely linked – one leading to the other in most cases. These were increased remuneration, new challenges and promotion. 0 10 20 30 40 50 60 70 80 Factor %ofrespondents internal external change discipline change location flexible w orking gain new skills different environm ent/culture achieve an im proved w ork-life balance prom otion new challenges increased rem uneration Respondents were asked to select all methods that they would utilise when looking for a new role. As the respondents surveyed were mainly people already known to Nigel Wright Recruitment, it is no surprise that within the top three methods were our website and using a recruitment consultancy. Social networking is also an increasingly important method for job seekers. 0 10 20 30 40 50 60 70 80 executive management non management Method %ofrespondents nigelw right recruitm ent w ebsite socialnetw orking sites other recruitm ent consultancies direct approaches to em ployers online job boards internalbulletin boards/em ployer intranets regionalor localnew spaperstrade m agazines 2.5 Factors influencing a change of roles 2.6 Methods used to search for a new role
- 8. 14 North East Salary Survey 2016 0 5 10 15 20 25 30 35 40 Factor %ofrespondents recruit few er not planning to recruit don’t know recruit m ore no change in recruitm ent levels 0 10 20 30 40 50 60 70 80 90 Factor %ofrespondents in companies that will recruit more all com petition from other em ployers im m igration restrictions shortage ofsuitable candidates applicants w ith unrealistic salary requirem ents Over a third of respondents (35%) said that they expected their company to recruit more people in the next 12 months. A quarter believe their company will either recruit fewer people (14%) or have no plans to recruit (11%). When asking respondents about challenges that their company would expect to encounter when recruiting staff over the next 12 months; over half (53%) cited a shortage of suitable candidates followed by competition from other employers (38%). In companies that are planning to recruit more people, these two challenges are exacerbated, with candidate shortage being a problem for 80% of firms. 2.7 Hiring intentions of company North East Salary Survey 2016 . Salary, benefits and bonuses 2.7.2 – Challenges 2.7.1 – Hiring intentions
- 9. 16 North East Salary Survey 2016 North East Salary Survey 2016 17 This section presents information from respondents from all disciplines and levels on their salary, benefits and bonuses. Salaries have increased, on average, by 3% during the last 12 months. This is in line with expectations outlined in last year’s report and a clear indication of improving market conditions. 0 5 10 15 20 25 Basic Salary (£) %ofrespondents permanent non permanent LESS THAN £19,999 £20,000 – £29,999£30,000 – £39,999 £40,000 – £49,999 £50,000 – £59,999 £60,000 – £69,999 £70,000 – £79,999 £80,000 – £89,999 £90,000 – £99,999£100,000 OR MORE 3.1 Basic salary excluding benefits or bonus by type of employment The average basic daily rate for respondents working in non-permanent employment is £340. Interim candidates (£375) on average tend to earn more followed by contractors (£340) and temps (£160). Nigel Wright Recruitment interim candidates are typically IT executives or CEOs of SMEs. Our temp candidates, in the main, are HR, sales and marketing professionals whereas our contractors tend to work in finance, IT and operations across all levels. Daily Rate (£) %ofrespondents interim contract temp 0 5 10 15 20 25 30 35 40 £74 £75– £119 £120 – £149 £150 – £199 £200 – £299 £300 – £349 £350 – £399 £400 – £499 £500+ 3.2 Basic daily rate for non permanent employment
- 10. 18 North East Salary Survey 2016 North East Salary Survey 2016 19 The results above are taken from our extensive database of candidates. They highlight the differences in salaries received by respondents fulfilling different, generic roles, within their companies and/or organisations. A more detailed analysis of job titles in relation to function start in Section 4. The average C Suite* salary was £132,000. On average, directors are earning £76,000 whereas functional heads are earning £64,000. *C-suite refers to titles starting with Chief that are regularly shortened to initials such as CEO, CIO, COO, CTO. 3.3 Basic salary by generic job title As part of their last salary review respondents received, on average, a 3% increase. The majority (63%) of respondents received between 1% and 5%, and only 5% received a pay increase of 11% or more. Analysed by job level, executives received a higher pay increase than others, with 10% reporting a salary increase of over 11%. % Salary Increase %ofrespondents executive management non-management 0 5 10 15 20 25 30 35 40 0 0-2 3-5 6-10 11+ 3.4 Average percentage of salary increase received Job Title Range Average Basic Salary C-Suite £85,000-£300,000 £132,000 Director £45,000-£200,000 £76,000 Head of £43,000-£100,000 £64,000 Manager £33,000-£80,000 £47,000 Engineer £30,000-£70,000 £45,000 Controller £28,000-£95,000 £45,000 Accountant £21,000-£57,000 £34,000 Developer £22,000-£45,000 £33,000 Coordinator £22,000-£30,000 £24,000 Assistant/Administrator £18,000-£25,000 £21,000
- 11. 20 North East Salary Survey 2016 North East Salary Survey 2016 21 73% of respondents now receive some form of company benefit or bonus as part of their remuneration package. This is up from 71% last year. Respondents felt that the three most important employer benefits as part of a remuneration package were an employer contributory pension (64%), flexible working and holiday entitlement (57%). Career breaks (2%) and childcare allowances (3%) were considered the least important benefits. Men tend to value bonuses, car allowances and share options as important factors in their overall benefits package. Woman value flexible working and holidays more so than those factors. 0 10 20 30 40 50 60 70 %ofrespondents Benefits em ployer contributory pension holiday entitlem ent flexible w orking bonus -personal bonus -com pany perform ance health insurance car allow ance share options com pany car and petrol non-contributory pension com pany car w ithout petrol childcare allow ances career break/sabbaticals male female all 3.5 Importance of benefits as part of a remuneration package by gender 70% of people say that their company offers at least one option of flexible working. Most common was part-time (42%) followed by flexi-time (39%) and working from home (38%). The women in our survey are more likely to work for organisations that offer them some form of flexible working (78%) than men (67%). 0 10 20 30 40 50 60 70 %ofrespondents Working options part-tim e w orking flexii-tim e job sharing w orking from hom ecom pressed hoursterm -tim e w orking annualhours none male all female 3.6 Flexible working options offered by organisations
- 12. North East Salary Survey 2016 23 North East Salary Survey 2016 Analysis of salaries in relation to discipline The salaries shown above are taken from our extensive range of executive level candidates based in the North East. At this level, titles will indicate the size of the company. For example, small companies are less likely to employ C-Suite officers, whereas managing directors will be found in companies of all sizes. 4.1 Executive/Board level * Public sector and not for profit NED salaries range from between £5,000 and £15,000, the majority of which fall at the bottom end of the range. Private sector NED salaries, on the other hand, range from between £20,000 and £50,000 depending on ownership (i.e. Private Equity). PLC NEDs also earn more than those employed in privately owned businesses. Job Title Range Average Basic Salary Chairman/ President £100,000-£300,000 £157,000 CEO (Chief Executive Officer) £90,000-£277,000 £154,000 CIO (Chief Information Officer) £82,000-£180,000 £130,000 COO (Chief Operating Officer) £70,000-£170,000 £120,000 CMO (Chief Marketing Officer) £90,000-£150,000 £120,000 CFO (Chief Financial Officer) £60,000-£110,000 £106,000 GM (General Manager) £65,000-£200,000 £106,000 VP (Vice President) £70,000-£175,000 £103,000 MD (Managing Director) £60,000-£222,000 £90,000 NED (Non- Executive Director)* £5000-£50,000+ £15,000
- 13. 24 North East Salary Survey 2016 North East Salary Survey 2016 25 BASIC SALARY In our 2016 salary survey, we asked executive and board level respondents to provide information about their basic salary: Basic salary, excluding benefits 41% of respondents are either satisfied or moderately satisfied with their current remuneration. Forty-four percent are very satisfied and only 2% of respondents are very dissatisfied. Salary increase received and expected 60% of respondents at executive and board level received between a 1% and 5% increase in their last salary review. The same percentage (60%) were expecting to receive the same percentage value as part of their next review. On average, the last pay increase was 4.9%. BENEFITS At executive and board level, 85% of respondents receive some form of company benefit or bonus as part of their remuneration package. Car allowance 76% of respondents at executive and board level are entitled to a car allowance or loan. Forty-nine percent of those receive between £6,000 and £15,000 with 5% receiving more than £25,000. The average is 11%. Annual leave 49% of executive and board level respondents take between 21 and 25 days leave per year. Fifty- one percent take more than 25 days. Healthcare 78% of executive and board level respondents are entitled to a healthcare allowance of which 81% have cover that includes themselves and family members. Pension 49% of executive and board level respondents have been paying into a pension fund for over five years, with 25% for less than two years. Forty-eight percent receive over 7% contributions from their employer. Just over a quarter (27%) receive in excess of 11% contributions from their employer. Typically, executive and board level respondents will contribute between 6% and 10% into their company pension fund. BONUSES Guaranteed bonus 10% of respondents at executive and board level receive a guaranteed bonus. This ranged from between 6% and 25%. Company performance related bonus 63% of respondents at executive and board level receive a company performance related bonus. Just under a third (29%) received between 6% and 20% in their last bonus and 30% are expecting to receive between 21% and 40% in their next bonus. Personal performance related bonus 35% of respondents at executive and board level receive a personal performance related bonus. Just over a fifth (21%) received under 10% in their last bonus, while the minority of executives (15%) received over 11%. VIEWS Skills shortages At executive and board level, respondents highlighted that having the right personality (60%) and commercial acumen (58%), were the two key attributes that people often lack at the top. Qualities required to be successful To be successful at executive and board level, in the main, respondents indicated that a mix of good communication skills (83%), confident/self-assured (79%) and being flexible and adaptable (75%) are essential. Importance of benefits Respondents at executive and board level considered an employer contributory pension (54%), having a company bonus (46%) and a personal bonus (46%) to be the three most important benefits.
- 14. 26 North East Salary Survey 2016 North East Salary Survey 2016 27 4.2 Finance and Accountancy Job Title Range Average Basic Salary Group Finance Director £55,000-£250,000 £125,000 Chief Operating Officer £70,000-£170,000 £120,000 Chief Finance Officer £60,000-£110,000 £106,000 Finance Director £40,000-£155,000 £72,000 Interim Financial Controller £35,000-£98,000 £59,000 Group/Senior Financial Controller £25,000-£90,000 £59,000 Finance Controller £25,000-£104,000 £52,000 Assistant Financial Controller £25,000-£42,000 £34,000 FPA Manager £46,000-£75,000 £60,000 Business Partner - FPA £52,000-£63,000 £58,000 Senior/Group Finance Manager £40,000-£70,000 £55,000 Finance Manager £24,000-£70,000 £43,000 Finance Business Partner £30,000-£68,000 £46,000 Senior/Group Accountant £25,000-£60,000 £43,000 Assistant Finance Manager £33,000-£42,000 £37,000 Financial Accountant £25,000-£65,000 £40,000 Company Accountant £21,000-£50,000 £39,000 Interim Accountant £21,000-£55,000 £37,000 Management Accountant £21,000-£57,000 £34,000 Accountant £21,000-£55,000 £33,000 Assistant Accountant £21,000-£46,000 £25,000 Senior Finance Analyst £45,000-£62,000 £51,000 European Analyst £32,000-£48,000 £42,000 Financial Analyst £21,000-£47,000 £33,000 Accounts Receivable Manager £35,000-£45,000 £39,000 Accounts Payable Manager £25,000-£43,000 £38,000 Accounts Receivable Supervisor £23,000-£29,000 £26,000 Accounts Payable Supervisor £21,000-£30,000 £26,000 Purchase or Sales Ledger Clerk £18,000-£21,000 £19,500 Job Title Range Average Basic Salary Payroll Manager £22,000-£54,000 £33,000 Payroll Supervisor £21,000-£35,000 £27,000 Payroll Administrator £19,000-£22,000 £20,500 Credit Manager £22,000-£78,000 £40,000 Credit Supervisor £24,000-£35,000 £27,000 Credit Controller £21,000-£32,000 £24,000 4.2.1 – Industry and commerce 4.2.1 – Industry and commerce Job Title Range Average Basic Salary Audit Director - Audit £45,000-£120,000 £95,000 Senior Manager - Audit £48,000-£65,000 £57,000 Audit Manager £35,000-£45,000 £43,000 Assistant Manager - Audit £33,000-£40,000 £36,000 Senior Auditor (Qualified) £26,000-£35,000 £36,000 Tax Director - Tax £45,000-£110,000 £63,000 Senior Tax Manager £40,000-£65,000 £49,000 Tax Manager £30,000-£60,000 £39,000 Tax Senior £22,000-£38,000 £32,000 Corporate Finance Director - Corporate Finance £60,000-£100,000 £80,000 Corporate Finance Senior Manager £55,000-£70,000 £53,000 Corporate Finance Manager £40,000-£70,000 £49,000 Corporate Finance Executive £30,000-£42,000 £32,000 General Practice Director - General Practice £45,000-£90,000 £80,000 Manager - General Practice £40,000-£60,000 £50,000 Senior Manager - General Practice £30,000-£55,000 £37,000 Qualified senior - General Practice £25,000-£35,000 £32,000 4.2.2 – Professions Salary ranges are broad and reflect the wide range of companies within the North East. These results should therefore only be used as a guide.
- 15. 28 North East Salary Survey 2016 North East Salary Survey 2016 29 For further information on your recruitment needs or on a particular role within this discipline, please contact Richard Morgan: Richard Morgan Associate Director [email protected] DD: +44 (0)191 269 0743 Mobile: +44 (0)791 872 9065 4.3 Human Resources Job Title Range Average Basic Salary HR Directors European HR Director £62,000-£130,000 £95,000 Director of People £52,000-£175,000 £90,000 HR Director £48,000-£150,000 £81,000 Interim HR Director £60,000-£80,000 £72,000 Assistant Director of HR £50,000-£90,000 £64,000 HR Head /Partner Head of HR - Europe £50,000-£85,000 £68,000 Head of HR £48,000-£80,000 £65,000 Senior HR Business Partner £45,000-£78,000 £59,000 HR Business Partner £30,000-£60,000 £43,000 HR Managers Group HR Manager £32,000-£60,000 £47,000 Interim HR Manager £33,000-£80,000 £46,000 Senior HR Manager £35,000-£67,000 £46,000 Regional HR Manager £40,000-£57,000 £45,000 HR Manager £30,000-£60,000 £41,000 HR Controller £26,000-£65,000 £39,000 Interim HR Consultant £35,000-£65,000 £45,000 HR Consultant £15,000-£88,000 £41,000 HR Officer/Advisors Senior HR Advisor/Officer £30,000-£35,000 £35,000 HR Team Leader £22,000-£42,000 £30,000 Regional HR Advisor £28,000-£40,000 £33,000 HR Advisor/Officer £25,000-£35,000 £29,000 Interim HR Advisor/Officer £25,000-£35,000 £29,000 HR Coordinator £22,000-£30,000 £24,000 HR Assistant/Administrator £18,000-£23,000 £21,000 Industry and commerce Profession CONTACTS RESPONSIBILITIESStakeholders, Customers, Suppliers, Accountants, Lawyers, Bankers, Direct management team Long term planning, Investor Relations, MA, Financing, Leadership, Partnering MD, CEO CONTACTS Internal - subordinates; Peers External - Business leaders (local national) CONTACTS Internal management team relationships, direct reports, some intermedi- ary relationships CONTACTS Internal - Subordinates; Partners (across disciplines) External - Clients (strategic levels); Intermediaries; Competitors CONTACTS Team members, transactional customers / suppliers CONTACTS Internal - Subordinates; Managers External - Clients (operational level) STRATEGIC LEVEL MANAGEMENT LEVEL TECHNICAL LEVEL Win new clients; Up-sell service provision; Retain clients; Practice development Complex technical issues; Budgets; Forecasts; People management; FPA; PL; Treasury; Recruitment; Pricing; Cost control, Systems development; Projects; Assist FD Complex technical issues; People management; Planning assignments; PL; Recruitment; Quality customer service; Value add Supervisory; Delivery; Audit; Accounts; Prep; Bookkeeping; Tax; International Fin Acc - GL, AP, AR, Cash, Bank, Payroll, Fixed Assets, Stats, CC Mgmt Accs - MMA, PL, Costing, Stock, Budgets, Forecasts, Analysis, CAPEX, Modelling £35k - £60k £60k+ Up to £35k Finance Career Pyramid
- 16. 30 North East Salary Survey 2016 North East Salary Survey 2016 31 Salary ranges are broad and reflect the wide range of companies within the North East. These results should therefore only be used as a guide. Job Title Range Average Basic Salary Training Development Head of Learning Development £42,000-£82,000 £63,000 Training Consultant £35,000-£60,000 £44,000 Learning and Development Manager £22,000-£65,000 £43,000 Learning and Development Partner £34,000-£48,000 £39,000 Training Manager £25,000-£52,000 £37,000 Learning and Development Advisor £25,000-£46,000 £33,000 Trainer/Training Advisor £25,000-£34,000 £30,000 Recruitment Talent Acquisition Manager £30,000-£68,000 £42,000 Recruitment Manager £27,000-£65,000 £40,000 Senior Recruitment Consultant £25,000-£45,000 £30,000 Recruitment Consultant £18,000-£35,000 £28,000 Recruitment Officer £18,000-£30,000 £23,000 For further information on your recruitment needs or on a particular role within this discipline, please contact Sue O’Donovan: Sue O’Donovan Managing Consultant [email protected] DD: +44 (0)191 269 0778 Mobile: +44 (0)784 332 9390 HR Director Strategy / Legal firms / Lead team restructure Reporting into CEO / MD or Group FD Head of Recruitment Head of Learning Development Head of HR Business Partners HR Business Partners Regional HR Manager Recruitment Consultant£25k - £35k £35k - £55k £50k - £70k £60k + £18k - £23k Head of HR Leading union negotiations / restructures / Talent succession / Tribunals / Complex employee relations / Strategy HR Managers Senior recruitment / Union negotiations / Pay benefits / Restructures / Complex cases / Talent management / Succession planning / Strategy / Monitor performance HR Advisor / Officer Policy / Line manage / Recruitment / Advice / Monitor performance / Interact with union reps / Interviewing / Training / Contracts HR Administrator / Assistant Letters / Provide basic advice / Data input / Pull up reports / Coordinate meetings / Agency workers policy / Admin/ Monitor absence/ Meeting minutes / Contracts / Recruitment / Holidays / Inductions Typical salary Peers HR Career Pyramid
- 17. 32 North East Salary Survey 2016 North East Salary Survey 2016 33 4.4 Information Technology Job Title Range Average Basic Salary Global IT Director £84,000-£160,000 £110,000 IT Director £65,000-£150,000 £89,000 Senior Consultant £70,000-£140,000 £88,000 Senior IT Manager £37,000-£110,000 £73,000 Chief Technology Officer £63,000-£75,000 £69,000 Head of IT £43,000-£92,000 £64,000 Global IT Manager £48,000-£80,000 £62,000 IT Manager £46,000-£110,000 £61,000 Project Project Director £65,000-£67,000 £66,000 Infrastructure Project Manager £61,000-£63,000 £62,000 Senior Project Manager £39,000-£80,000 £55,000 Digital Project Manager £38,000-£65,000 £50,000 Project Manager £25,000-£84,000 £43,000 Project Lead £30,000-£40,000 £37,000 Project Analyst £30,000-£38,000 £34,000 Project Officer £24,000-£39,000 £31,000 Programme Programme Manager £40,000-£120,000 £65,000 Head of Programmes £50,000-£57,000 £54,000 C# Programmer £45,000-£45,000 £45,000 Programmer £26,000-£43,000 £33,000 Security Security Manager £35,000-£180,000 £67,000 Security Analyst £33,000-£49,000 £41,000 IT Security Officer £22,000-£35,000 £28,000 Infrastructure Infrastructure Project Manager £50,000-£63,000 £58,000 Infrastructure Delivery Team Leader £45,000-£48,000 £47,000 Infrastructure Systems Manager £28,000-£55,000 £44,000 Senior Infrastructure Analyst £30,000-£43,000 £38,000 Infrastructure Analyst £24,000-£40,000 £33,000 Infrastructure Support £26,000-£27,000 £27,000 Job Title Range Average Basic Salary Enterprise Architect £57,000-£85,000 £70,000 Architect £45,000-£94,000 £61,000 Head of Product Development £31,000-£85,000 £58,000 Development Manager £34,000-£60,000 £49,000 Development Team Lead £37,000-£56,000 £48,000 Lead Developer £28,000-£53,000 £37,000 Senior Developer £24,000-£55,000 £37,000 Developers Java J2EE £18,000-£61,000 £42,000 C#, ASP, .NET, VB £18,000-£60,000 £35,000 Javascript/HTML/CSS £18,000-£55,000 £35,000 PHP/MySQL £18,000-£50,000 £34,000 Test Manager £33,000-£55,000 £44,000 Senior Software Tester £26,000-£41,000 £35,000 Test Lead £29,000-£36,000 £33,000 Test Analyst £20,000-£42,000 £30,000 Salary ranges are broad and reflect the wide range of companies within the North East. These results should therefore only be used as a guide.
- 18. 34 North East Salary Survey 2016 North East Salary Survey 2016 35 4.5 Supply Chain Job Title Range Average Basic Salary Supply Chain VP Supply Chain £80,000-£150,000 £115,000 Supply Chain Director £65,000-£110,000 £81,000 International Supply Chain Director £70,000-£109,000 £91,000 International Head of Supply Chain £70,000-£90,000 £75,000 Head of Supply Chain £32,000-£80,000 £55,000 International Supply Chain Manager £50,000-£70,000 £62,000 Supply Chain Manager £37,000-£60,000 £47,000 Materials Manager £56,000-£56,000 £53,000 Commodity Manager £35,000-£55,000 £42,000 Material Controller £22,000-£40,000 £28,000 Supply Chain Coordinator £20,000-£40,000 £31,000 Supply Chain Administrator £18,000-£26,000 £22,000 Procurement Procurement Director £65,000-£120,000 £80,000 Head of Procurement £40,000-£90,000 £62,000 Senior Procurement Manager £45,000-£75,000 £53,000 Procurement Specialist £25,000-£70,000 £40,000 Project Procurement Manager £50,000-£65,000 £61,000 Procurement Manager £20,000-£60,000 £42,000 Procurement Category Manager £35,000-£60,000 £47,000 Senior Buyer £25,000-£45,000 £35,000 Buyer £18,000-£42,000 £28,000 Project Buyer £24,000-£40,000 £30,000 Commodity Buyer £20,000-£38,000 £31,000 Lead Buyer £28,000-£35,000 £33,000 Procurement Coordinator £25,000-£30,000 £27,000 Procurement Officer £20,000-£27,000 £25,000 Junior Buyer £17,000-£27,000 £21,000 Procurement Assistant £16,000-£25,000 £20,000 For further information on your recruitment needs or on a particular role within this discipline, please contact Sue Ormerod: Sue Ormerod Associate Director - IT HR [email protected] DD: +44 (0)191 269 0722 Mobile: +44 (0)791 873 3904 Skills focus - specialisation in key skills (systems or applications architecture or design) Reporting into CEO / MD or Group FD Strategic management at operational board level - setting IT strategy linked to business strategy. Less technically hands-on. May work with 3rd party suppliers for supply of IT services. Budget responsibility Reporting into FD Working with other business leaders / senior managers. More aware of bigger picture within an organisation. May have input to the IS strategy Line Manager and peers CIO IT Director Head of Technology Head of Development Enterprise / Solutions Architects £40k - £65k £65k - £160k £18k - £40k Development or Network Management. Project Programme Management Development (Apps / Web) Projects (Project Office) Infrastructure Helpdesk / support Main activities typical salary Relationships Typical ceiling for majority of organisations in NE Refining and developing skills acquired. Working to their strengths Skills acquisition including practical experience and study IT Career Pyramid
- 19. 36 North East Salary Survey 2016 North East Salary Survey 2016 37 Job Title Range Average Basic Salary Logistics Planning Manager £36,000-£70,000 £48,000 Logistics Manager £32,000-£65,000 £44,000 Warehouse Operations Manager £26,000-£55,000 £41,000 Warehouse Project Manager £25,000-£50,000 £39,000 Transport Manager £24,000-£45,000 £35,000 Warehouse Manager £20,000-£45,000 £34,000 Warehouse Shift Manager £33,000-£40,000 £36,000 Transport Planner £23,000-£35,000 £28,000 Depot Manager £30,000-£34,000 £32,000 Planning Senior Manager - Production Control £60,000-£65,000 £62,000 Senior Production Planner £31,000-£35,000 £34,000 Production Control Manager £28,000-£50,000 £40,000 Lead Planner £28,000-£28,000 £28,000 Senior Materials Planner £26,000-£35,000 £31,000 Production Controller £25,000-£41,000 £31,000 Transport Planner £23,000-£35,000 £28,000 Demand Planner £22,000-£29,000 £27,000 Production Planner £17,000-£40,000 £29,000 Materials Planner £17,000-£33,000 £26,000 Salary ranges are broad and reflect the wide range of companies within the North East. These results should therefore only be used as a guide. For further information on your recruitment needs or on a particular role within Supply Chain and Procurement, please contact Peter Stephenson: Peter Stephenson Managing Consultant [email protected] DD: +44 (0)191 269 0709 Mobile: +44 (0)791 875 8035 Strategic management at operational board level. Budget responsibility Reporting into CEO / MD or FD Working with other business leaders / senior managers. More aware of bigger picture within an organisation Reporting to Director VP Director of Supply Chain Supply Chain and / or Procurement Director £35k - £70k £65k - £160k £18k - £40k Senior Manager Manager / Head Logistics Warehousing Transport Export / Import Planning Logistics Team Leader Planning Logistics tend to go hand in hand Procurement Team Leader Planning Supply (transactional) Demand (forecasting and data analysis Procurement Purchase (transactional) Procurement (forecasting and data analysis Main activities typical salary Relationships Long-term business planning, risk management, sustainability, budget management Defining department objectives and ensuring team is aligned towards delivery of those objectives Operation focus. Day to day delivery of objectives. Sales acquisition Suppliers and customers. 3rd party logistics Line Manager and Peers Supply Chain Career Pyramid
- 20. 38 North East Salary Survey 2016 North East Salary Survey 2016 39 4.6 Manufacturing and Engineering Job Title Range Average Basic Salary Plant/ Site Director £80,000-£130,000 £113,000 Operations Director £48,000-£132,000 £75,000 RD Director £60,000-£89,000 £75,000 Operations Manager £40,000-£113,000 £58,000 Quality Director £60,000-£75,000 £69,000 Quality Manager £30,000-£83,000 £46,000 Quality Engineer £26,000-£46,000 £36,000 Quality Inspector £20,000-£32,000 £28,000 Quality Technician £18,000-£30,000 £24,000 Continuous Improvement Manager £32,000-£68,000 £48,000 Business Improvement Manager £30,000-£65,000 £47,000 Continuous Improvement Engineer £26,000-£45,000 £36,000 Production Manager £30,000-£60,000 £46,000 Production Shift Manager £35,000-£47,000 £41,000 Production Engineer £34,000-£52,000 £40,000 Production Team Leader/Supervisor £23,000-£65,000 £35,000 Production Controller/Coordinator £25,000-£37,000 £30,000 Production Operative £20,000-£23,000 £21,000 Group/Senior Health Safety Manager £55,000-£150,000 £86,000 Health Safety Manager £30,000-£72,000 £43,000 Health Safety Officer/Advisor £24,000-£50,000 £34,000 Head of Manufacturing £52,000-£100,000 £69,000 Manufacturing Manager £35,000-£75,000 £51,000 Manufacturing Engineer £28,000-£38,000 £34,000 Manufacturing Technician £17,000-£40,000 £28,000 Engineering Manager £36,000-£120,000 £53,000 Job Title Range Average Basic Salary Chemical Pharmaceutical Maintenance Manager £62,000-£62,000 £62,000 Maintenance Technician £23,000-£44,000 £35,000 Maintenance Engineer £28,000-£35,000 £32,000 Automotive Maintenance Manager £32,000-£82,000 £49,000 Maintenance Engineer £26,000-£41,000 £33,000 Maintenance Technician £20,000-£43,000 £33,000 Food Drink Maintenance Manager £33,000-£44,000 £40,000 Maintenance Engineer £25,000-£41,000 £31,000 Maintenance Technician £18,000-£42,000 £27,000 Manufacturing Other Maintenance Manager £39,000-£69,000 £45,000 Maintenance Engineer £25,000-£45,000 £35,000 Maintenance Technician £20,000-£43,000 £32,000 Salary ranges are broad and reflect the wide range of companies within the North East. These results should therefore only be used as a guide. 4.6.1 – Manufacturing
- 21. 40 North East Salary Survey 2016 North East Salary Survey 2016 41 Job Title Range Average Basic Salary Engineering Technical Director £45,000-£100,000 £53,000 Engineering Manager £45,000-£75,000 £53,000 Principal/Lead Engineer £50,000-£60,000 £51,000 Senior Engineer £42,000-£55,000 £51,000 Engineer £35,000-£45,000 £41,000 Graduate Engineer £20,000-£30,000 £28,000 Electrical Mechanical* Engineering/Technical Director £50,000-£130,000 £74,000 Engineering Manager (electrical/mechanical) £45,000-£90,000 £59,000 Principal/Lead Engineer (control systems) £48,000-£70,000 £52,000 Senior Engineer £40,000-£65,000 £47,000 Engineer (electrical mechanical) £30,000-£60,000 £45,000 Design Engineer (electrical mechanical) £25,000-£70,000 £36,000 Draughtsman £21,000-£30,000 £26,000 Graduate Engineer £20,000-£32,000 £25,000 Process Principal/Lead Engineer (process) £53,000-£70,000 £62,000 Senior Process Engineer £45,000-£92,000 £59,000 Process Engineer £25,000-£50,000 £37,000 Chemical Process Engineer £35,000-£35,000 £35,000 Engineering Process Technician £21,000-£21,000 £21,000 Project Engineering Head of projects £65,000-£90,000 £59,000 Project Manager/Senior PM £48,000-£70,000 £53,000 Senior Project Engineer £40,000-£55,000 £48,000 Project Engineer £30,000-£50,000 £38,000 Project Technician £25,000-£35,000 £30,000 Graduate Project Engineer £25,000-£28,000 £26,000 Engineering Support Estimator £20,000-£32,000 £26,000 Technical Author £25,000-£30,000 £29,000 Cost Engineer £25,000-£48,000 £35,000 Tendering Engineer £31,000-£50,000 £40,000 *Electrical engineers tend to be paid slightly more than mechanical engineers (5%-7%) Salary ranges are broad and reflect the wide range of companies within the North East. These results should therefore only be used as a guide. For further information on your recruitment needs or on a particular role within Manufacturing, Engineering and Operations, please contact Lisa Taylor: Lisa Taylor Managing Consultant [email protected] DD: +44 (0)191 269 0685 Mobile: +44 (0)771 413 3486 Engineering Director, Chief Engineer or Programme Director Member of Professional Body Institute of Mechanical Engineers Institute of Electrical Engineers Or other discipline professional body Most senior positions require chartered status Director Engineering Research Production / Operations £40k - £60k £100k + Up to £40k Time-served apprenticeship path University degree path £60k - £80k Technical Manager, Principal Engineer or Programme Manager position Managing projects, contributing to the design, development, implementation and maintainance phases of the task Technical / Operational Research Development Roles Operations Production Roles Project Leader Engineering Team Leader Production Engineering Engineering Specialist Production Roles (5-10 years) (specialising in a specific practical skill) Graduate Trainee Blue Chip Company (1-2 years) (learning about different areas of the business in a design and manufacturing capacity) Modern Apprentice Engineering Subject (2-4 years) Product Engineer (2-10 years) Manufacturing and Engineering Career Pyramid 4.6.2 – Engineering
- 22. 42 North East Salary Survey 2016 North East Salary Survey 2016 43 4.7 Marketing Job Title Range Average Basic Salary Communications Director £80,000-£110,000 £95,000 Marketing Director £50,000-£130,000 £78,000 Sales Marketing Director £60,000-£120,000 £75,000 Head of Marketing £20,000-£100,000 £60,000 Head of Communications £40,000-£65,000 £53,000 Marketing Communications Manager £40,000-£47,000 £44,000 Communications Manager £28,000-£58,000 £39,000 PR Manager £33,000-£45,000 £40,000 PR/Communication Officer or Exec £23,000-£40,000 £32,000 Product Director £60,000-£95,000 £65,000 Product Manager £35,000-£65,000 £44,000 Marketing Officer £24,000-£35,000 £29,000 Marketing Manager £18,000-£56,000 £35,000 Marketing Executive/Coordinator £18,000-£29,000 £24,000 Marketing Assistant £18,000-£22,000 £19,000 Category Director £60,000-£120,000 £76,000 Category Manager £40,000-£75,000 £49,000 Category Analyst £25,000-£35,000 £30,000 Brand Director £50,000-£80,000 £40,000 Senior Brand Manager £35,000-£55,000 £42,000 Brand Manager £30,000-£45,000 £35,000 Director of E-Commerce £60,000-£100,000 £70,000 Head of Digital £24,000-£45,000 £36,000 Digital Marketing Manager £24,000-£45,000 £34,000 Digital Campaign Manager £25,000-£35,000 £29,000 Digital Marketing Executive £14,000-£35,000 £23,000 Art Director £35,000-£65,000 £47,000 Senior Graphic Designer £22,000-£35,000 £28,000 Graphic Designer £16,000-£27,000 £22,000 Job Title Range Average Basic Salary Account Director £35,000-£55,000 £39,000 Account Manager £22,000-£40,000 £28,000 Account Executive £14,000-£22,000 £20,000 International Marketing Director £60,000-£140,000 £89,000 International Category Manager £33,000-£80,000 £58,000 International Business Manager £47,000-£75,000 £59,000 International Marketing Manager £32,000-£65,000 £47,000 International Brand Manager £29,000-£55,000 £42,000 International Business Analyst £45,000-£45,000 £45,000 International Product Manager £28,000-£45,000 £39,000 Salary ranges are broad and reflect the wide range of companies within the North East. These results should therefore only be used as a guide.
- 23. 44 North East Salary Survey 2016 North East Salary Survey 2016 45 For further information on your recruitment needs or on a particular role within this discipline, please contact Ben Debnam: Ben Debnam Managing Consultant [email protected] DD: +44 (0)191 269 0745 Mobile: +44 (0)771 413 3484 Interface with internal external, board of directors, shareholders, customers, trade bodies Interface with other functional heads, particularly sales and category teams, directors externally with customers, agencies, trade bodies Interface with internal management (particularly sales) and externally with customers and agencies Marketing Director Business Unit Director Head of Insights £40k - £80k £80k+ Up to £40k Marketing Manager/ (Senior) Brand/Product Manager / Category Manager / Channel Marketing Manager / NPD Manager/ Insights Manager Marketing Assistant / Assistant Brand Manager / Category Assistant / Assistant Product Manager Main activities typical salary Relationships Oversee marketing department, set budgets, grow market share, be accountable for brand/product success Strategic Managerial People management, PL responsibility Managerial Support and analysis Technical / Tactical Marketing Career Pyramid 4.8 Sales Job Title Range Average Basic Salary Sales Director EMEA £60,000-£140,000 £80,000 Sales/Commercial Director £45,000-£135,000 £73,000 Head of Sales/Senior Sales Manager £40,000-£95,000 £62,000 International Sales Manager £35,000-£75,000 £58,000 Commercial Manager £38,000-£85,000 £54,000 Sales Manager £40,000-£60,000 £46,000 Sales Engineer/Technical Sales Manager £28,000-£50,000 £42,000 Regional/Territory/Field Sales Executive £20,000-£40,000 £37,000 Internal Sales Manager £25,000-£40,000 £29,000 Sales Administrator £20,000-£31,000 £23,000 International Sales Coordinator £17,000-£32,000 £22,000 Sales Executive/Advisor £15,000-£32,000 £25,000 Telesales Executive £17,000-£22,000 £20,000 Internal Sales Coordinator £15,000-£25,000 £19,000 Business Development Director £50,000-£100,000 £66,000 Business Development Manager £30,000-£100,000 £44,000 Business Development Executive £20,000-£28,000 £22,000 Account Director £35,000-£75,000 £57,000 Senior National Account Manager £40,000-£60,000 £54,000 National Account Manager £30,000-£60,000 £47,000 Key Account Manager £25,000-£45,000 £35,000 International Account Manager £20,000-£55,000 £32,000 Account Manager £20,000-£55,000 £30,000 Customer Services Director £50,000-£100,000 £60,000 Customer Services Manager £30,000-£50,000 £35,000 Customer Service Representative £17,000-£26,000 £22,000 Customer Service Advisor £15,000-£25,000 £18,000 Salary ranges are broad and reflect the wide range of companies within the North East. These results should therefore only be used as a guide.
- 24. 46 North East Salary Survey 2016 North East Salary Survey 2016 47 For further information on your recruitment needs or on a particular role within this discipline, please contact Ben Debnam: Ben Debnam Managing Consultant [email protected] DD: +44 (0)191 269 0745 Mobile: +44 (0)771 413 3484 Interface internal external, board of directors, shareholders, trade bodies, etc Strategic Interface internal with other functional heads, directors external with customers, suppliers, trade bodies Managerial Interface with internal management and externally with customers. Technical Sales Director Commercial Director BU Manager 6 – 12 years’ experience £40k - £80k 12+ years’ experience £80k - £200k 5 – 7 years’ experience Up to £40k KAM / NAM / BDM / Export Manager / Category Manager / Channel Manager / Field Sales Manager Sales Rep / Merchandiser / Forecaster / Key Account Rep / Export Sales Rep Main activities typical salary Relationships Sales Career Pyramid For more information on the North East Salary Survey 2016, please contact the Marketing department at Nigel Wright Recruitment on the details below: Nigel Wright Recruitment Lloyds Court 78 Grey Street Newcastle upon Tyne NE1 6AF T: +44 (0)191 222 0770 E: [email protected] W: www.nigelwright.com Contact details NEWCASTLE UPON TYNE LLOYDS COURT 78 GREY STREET NEWCASTLE UPON TYNE NE1 6AF T: +44 (0)191 222 0770 TEESSIDE ESHTON SUITE, OFFICE 2 WYNYARD PARK HOUSE, WYNYARD AVENUE, WYNYARD, TS22 5TB T: +44 (0)1740 661000 LONDON 20 ST DUNSTAN’S HILL, LONDON, EC3R 8HL T: +44 (0)207 405 3921 COPENHAGEN HAVNEGADE 39 1058 COPENHAGEN K DENMARK T: +45 7027 8601 LAUSANNE RUE CAROLINE 2 1003 LAUSANNE SWITZERLAND T: +41 (0)21 311 2376 ÅRHUS VÆRKMESTERGADE 2, 17. ETAGE 8000 AARHUS C DENMARK T: +45 7027 8601 STOCKHOLM GREV TUREGATAN 3, 4 TR 114 46 STOCKHOLM SWEDEN T: +46 (0)8 400 264 35 MALMÖ HIGH COURT, MALMÖHUSVÄGEN 1, 211 18 MALMÖ, SWEDEN T: +46 (0)8 400 264 35 OSLO DRONNING EUFEMIAS GATE 16 0191 OSLO NORWAY T: +47 238 97 773 AMSTERDAM PARNASSUSWEG 819 1082 LZ AMSTERDAM THE NETHERLANDS T: +31 (0)20 799 7730 HELSINKI BULEVARDI STREET 7 00120 HELSINKI FINLAND T: +46 8 400 264 35 PARIS 29 RUE DE BASSANO 75008 PARIS FRANCE T: +33 1 76 73 29 80 DÜSSELDORF KÖNIGSALLEE 2B 5TH FLOOR 40212 DÜSSELDORF GERMANY T: +49 211 882 42 364 MADRID PALACIO DE MIRAFLORES CARRERA DE SAN JERÓNIMO, 15 - 2ª 28014 MADRID SPAIN T: +34 91 788 3172 GOTHENBURG WORLD TRADE CENTER, MÄSSANS GATA 18, P.O BOX 5243, 402 24 GOTHENBURG T: +46 (0)8 400 264 35