Hello to our favourite ecommerce superstars! We are continuing to deliver the ecommerce goods (no pun intended) with more exclusive #PandaPounds insights! If you haven't downloaded a FREE copy of our 2016 report yet, what are you waiting for?
If you have, you're probably hungry for more ecommerce goodness and boy do we have a feast for you today.
That's right; today we are going to look a little deeper at the changes our respondents have seen to their salaries in the past year. Our report looks at how many people saw an increase, whose salaries have remained the same and a surprising number who have seen a decrease. Here's a quick breakdown....
As you can see, we have some interesting statistics from our respondents regarding salary. But why have ecommerce salaries not changed for some?
30% of our respondents have seen no change in their salaries over the last year. There were many factors as to why this was the case - 21.9% say their pay rise is due later in the business year while 27% say there was simply no budget for a pay rise. We'll come back to the latter figure in more depth in part 2, but first let's look at some other interesting responses...
27% of our respondents who saw no change in their salary specified this reason. It seems fair; you join a new company and you really want to establish yourself and achieve great things in order to justify a pay rise. But does everyone who has joined a new company in the past year or less feel they should wait it out before pay rises are addressed, by themselves or otherwise?
It seems our respondents share the sentiment, with 61% of those in their role for less than a year state they haven’t been with the company long enough to expect a pay rise. 23% explain that they are expecting one later in the year, reinforcing the idea that establishing yourself in a role leads to better rewards. The remaining 16% of those who have been in their role for less than a year claim there is either no budget for a pay rise or company performance contributes towards some extra panda pounds!
4.1% might seem like a small amount, but it's VERY significant if our salary survey report is to be believed! Benefits and essentials in a role play a big part in how people feel towards what they do... Are they feeling valued and respected because their company provides benefits that truly help them day to day? After all, 26% of our overall respondents left their previous role because their needs were not being met. It's clear that these needs were not just financial, so great benefits and working environment can be seen as a good alternative to a pay rise.
We couldn't list every single reason there could be for not receiving a pay rise, so we opened the floor up to our respondents to share other reasons they did not see extra panda pounds this year.
Sorry to tease, but we have to conclude part 1 of our pay rise focus here. Do not fear as the #PandaPounds goodness will keep on coming in part 2. Here’s a little look at what we will cover…
We hope you’re looking forward to it as much as we are!