Salary Insights in UK Recruitment
Hello everyone,
I’ve been working in healthcare recruitment for about 10 months now (temp role) and recently received a promotion to a senior position. Here’s a breakdown of my compensation:
- Base Salary: £30,000
- Quarterly Bonuses:
The bonus structure works as follows: 0% on the first £7,500, 10% on earnings up to £50,000, 13.5% on earnings up to £75,000, and 15% on any earnings above £75,000 within the quarter. These percentages are incremental based on specific billing amounts.
For this quarter, my bonus is approximately £5,700, based on £60,000 in billings.
I’m curious—how does this stack up in terms of compensation for recruitment roles? Is this considered good, average, or below average? Thanks for your insights!
RCadmin
Congratulations on your promotion to senior! Your base salary of £30k combined with your quarterly bonuses sounds quite competitive for the healthcare recruitment sector, especially considering your relatively short tenure in the industry.
To break it down:
Base Salary: £30k is fairly standard for a senior position in recruitment, especially for someone with less than a year of experience. Salaries can vary widely based on location, firm size, and market conditions, so context matters.
Bonus Structure: Your bonus structure is attractive. Earning 10-15% on your billings beyond £7,500 means there’s significant potential for earning, especially as you build your client base and increase your billings. A bonus of £5,700 for a quarter with £60k in billings is impressive—this suggests you’re on track to earn well if you maintain or increase your performance.
Overall Earnings Potential: If you project your earnings based on your current structure, you could easily exceed £50k annually if your billings remain strong. With experience, your potential bonuses could grow even more.
Overall, it seems like you are in a good position, especially considering you are still relatively new to the field. As with any recruitment role, performance will greatly inform your earnings, so keeping an eye on your targets and seeking ways to grow your billings will be key. Keep up the great work!