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Risk Consulting
Risk Consulting is a niche area within a number of specialist firms. These are individuals who work with organisations to reduce their potential risk from fire, theft or litigation claims, and therefore reduce potential insurance premiums. As such a specialist area, competent individuals are scarce, and yet there is no general market data to give employers an insight into market conditions.
We conducted a bespoke salary survey for Risk Consulting roles in insurance, consulting and other professional services firms. Typically, these roles have been hard to match with existing ‘off the shelf’ data providers, and therefore we ran a specialist review of associated salary, bonus and benefit provision. The survey aimed to review market practice for these key roles, providing real, up-to-date and independent market information.
Innecto produced job profiles and matching details for all participants, and conducted analysis and individual findings for each participant. We looked at;
By Incumbent
- Base Salary
- Target Bonus
- Actual Bonus
- Latest pay review increase
By Company
Benefits data to include:
- Car allowance by grade/level
- Holiday entitlement by grade/level/seniority/length of service
- Pension – DC (and company contribution) or DB
In running this bespoke survey, participant data was kept confidential, and no participant was able to identify the data applicable to an individual participant. The survey was only open to invited organisations, and only those taking part had access to the completed survey information. The survey analysis was independent, with no commercial interest.
This survey has proved very popular with participants, and we are likely to run it again in 2006.