Global management spending power
The global talent quest
The market for management talent is now undoubtedly global. At Hay Group we consistently see developments in one region having a flow-on effect to others – whether it is the rise of the Indian rupee impacting on salaries in the Middle East, where much management talent is sourced from the subcontinent, or China’s white-hot economy pulling up-and-coming managers away from the established markets of Western Europe.
The factors that influence individuals’ decisions on where they pursue their careers are many, but a key one is the powerful link between earning capacity and lifestyle. The World Pay Report examines the average salary of amanagement level employee (Hay Reference Level 20, roughly equivalent to ahead of department or function in a large multinational company), applies the relevant tax rate for that salary, and subtracts a generic ‘cost of living’ measure, to reach a ranking of the relative spending power of managers in 51 countries around the world.
Overall findings
Managers in the fast-growth economies of the Middle East, Asia, and Eastern Europe tend to have the highest spending capacity. The demand for management talent far outstrips supply in these markets, meaning that companies need to compete with developed economies for the talent they need. At the same time, the cost of living is determined more by local factors, keeping the relative value of management salaries high.
Download report
Download the 12-page World Pay Report, including a ranking of managers’ spending power by country.
For more information
For more information, please contact your local Hay Group media representative.
