Are companies fighting to retain top talent and therefore paying top dollar to get it?Research by Glassdoor, based on UK employee salary reports shared on both an anonymous and voluntary basis have revealed the UK’s top 10 highest paying companies for 2017. The figures take into account both base pay and other forms of compensation, such as commission, tips, and bonuses.
The median total compensation across the top 10 organisations is found to be between £80,000 and £110,000, with a median base salary between £70,000 to £83,400 per annum.
The 10 highest-paying organisations in the UK for 2017 are:
- Salesforce: Median total compensation of £111,000 and median base salary of £75,000.
- Facebook: Median total compensation of £95,600 and median base salary of £72,000.
- McKinsey and Company: Median total compensation of £92,800 and median base salary of £83,400.
- Deutsche Bank: Median total compensation of £90,000 and median base salary of £80,000.
- Sap: Median total compensation of £90,000 and median base salary of £70,000.
- Royal Bank of Canada: Median total compensation of £85,000 and median base salary of £75,000.
- Macquarie Group: Median total compensation of £83,000 and median base salary of £70,000.
- Microsoft: Median total compensation of £81,010 and median base salary of £70,000.
- Nomura International: Median total compensation of £80,000 and median base salary of £75,000.
- Credit Suisse: Median total compensation of £80,000 and median base salary of £73,500.
Dr Andrew Chamberlain, chief economist at Glassdoor, said: “This report shows that the big guns in tech and finance still dominate when it comes to large salaries in the UK. [Organisations] like Salesforce, Facebook and Sap are all fighting for the best talent and they are prepared to pay top dollar to get it.
“Bankers tend to get pretty hefty bonuses since successful traders can bring huge [organisation] returns and tech salaries in particular tend to be high because of a shortage in specialist skills such as data science and software engineering.”
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