International City Comparisons of Total Remuneration: Gross Salary, 2007 (US$) (1,2)
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Finance |
Info technology |
Sales |
Manufacturing |
Human Resources |
General Management |
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Country |
Senior Accnt (3) |
Manag't Info Systems Mgr (4) |
Nat Account Mgr (5) |
Plant Manager (6) |
Head of Human Resources (7) |
Business Unit Manager (8) |
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United Kingdom |
86,278 |
104,238 |
134,480 |
179,288 |
249,379 |
343,474 |
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Germany |
102,874 |
120,007 |
139,221 |
168,815 |
214,083 |
295,830 |
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United States |
70,200 |
83,000 |
111,600 |
152,200 |
173,600 |
220,200 |
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Korea |
75,000 |
87,000 |
122,000 |
145,000 |
187,000 |
220,000 |
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Japan |
76,686 |
90,766 |
107,716 |
124,530 |
157,704 |
217,161 |
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Hong Kong |
69,241 |
87,431 |
104,784 |
121,575 |
149,439 |
206,046 |
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Australia |
81,584 |
92,708 |
102,916 |
131,095 |
157,320 |
198,755 |
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Taiwan |
69,254 |
83,413 |
100,465 |
121,004 |
145,742 |
175,537 |
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Singapore |
51,040 |
60,034 |
95,786 |
108,560 |
127,684 |
147,655 |
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Malaysia |
27,059 |
31,208 |
42,871 |
53,423 |
70,774 |
92,229 |
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Phillipines |
21,343 |
26,869 |
38,414 |
45,484 |
71,967 |
88,047 |
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India |
12,880 |
19,818 |
26,607 |
39,020 |
43,295 |
65,472 |
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China |
32,912 |
39,697 |
51,692 |
75,420 |
100,236 |
n.a. |
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Thailand |
23,483 |
29,047 |
35,952 |
46,816 |
n.a. |
n.a. |
Footnotes:
1 Total remuneration data cover locally engaged employees, and refer to annual basic guaranteed salary (including typical cash and non-cash benefits, but excluding performance bonuses)
and statutory employment payments (such as superannuation contributions, unemployment and health insurance)
2 Median salary as at July 2007. Where necessary, data has been aged to this date to reflect predicted salary.
3: Senior Accountant (Global Grade 13): responsible for maintaining accounts and preparing financial statements in accordance with standard accounting practice.
Will report to Department/Function Head who will not supervise work but provide an overview.
Ensures management supplied with adequate and accurate information.
Will manage specific accounting functions within the organisation.
Will contribute to discussion regarding the development of new systems and procedures in line with business needs.
Responsible for staff in a ‘team leader’ type role.
4: Head of Information Technology/MIS Manager (Global Grade 14): responsible for day-to-day control of computer operations and information services requirements.
Small organisation, reporting to the Head of Administration, Management Services or Finance.
Likely to supervise a small team, including one or two technical specialists.
Development activities may be limited and restricted to selection and implementation of commercial packages.
5: National Account Manager (Global Grade 15): responsible for development and sales in a particular location or area.
Medium sized company
Will handle negotiations at a high level, and have considerable discretion to negotiate terms
Likely to work alone or with, at most, one or two supporting sales executives.
Will be technically qualified and have at least eight years’ relevant experience including at least three years as a key/ major Accounts Executive.
Source: Watson-Wyatt 2007 Global 50 Remuneration Planning Report