Despite the credit crunch Human resources (HR) employees are receiving better salaries and bonuses, a survey shows.
The Annual Croner Reward and Chartered Institute of Personnel and Development (CIPD) 2008 Reward Survey questioned over 5,700 HR workers and found that the average salary had increased by 3.25 per cent.
Compared to 2007 bonuses were also higher, as they were 6.4 per cent on employees' base salaries, an increase of 0.5 per cent.
"Despite the credit crunch and the slowdown in the economy, pay awards for HR professionals are higher in the 2008 survey than in 2007," commented Charles Cotton, reward advisor at the CIPD.
However, these pay rises have come at a cost as 73 per cent of HR employees said they work over 40 hours a week, compared to 62 per cent last year.
Earlier this month, Personnel Today reported that Brits are among the hardest workers in Europe compared to France, Italy and Denmark, who all put in fewer hours per week.