{"id":319342,"date":"2019-06-08T13:00:19","date_gmt":"2019-06-08T11:00:19","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=319342"},"modified":"2019-06-07T14:52:25","modified_gmt":"2019-06-07T12:52:25","slug":"this-south-african-company-pays-some-of-the-highest-salaries-in-the-uk","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/319342\/this-south-african-company-pays-some-of-the-highest-salaries-in-the-uk\/","title":{"rendered":"This South African company pays some of the highest salaries in the UK"},"content":{"rendered":"

Recruitment specialist, Glassdoor, has published new research on the companies that pay the highest salaries in the UK – with South Africa’s Investec bank featuring.<\/p>\n

According to Glassdoor’s research, remuneration is the top priority among job seekers, cited as the thing people look for most in listed job ads.<\/p>\n

However, remuneration packages remain “frustratingly absent” from most recruitment ads, it said.<\/p>\n

The group’s report revealed that the UK’s highest paying companies offer staff between \u00a361,000 and \u00a390,000 (R1.1 million and R1.65 million) as a median total compensation package (which includes base pay plus bonus).<\/p>\n

The top-paying company – Credit Suisse, which represents the upper boundary (\u00a390,000) – also offers the highest median basic salary at \u00a382,000 (R1.5 million).<\/p>\n

Tech firms, such as Facebook and Google, also feature, with the tech sector and finance sector dominating the list of highest payers. Only consulting firm McKinsey & Co. deviates from this, being the only non tech or finance group in the top 25.<\/p>\n

South African banking group Investec, which entered into the UK in 1992 and listed on the London Stock Exchange a decade later, ranked 16th on the list, offering a median total package of \u00a367,500 (R1.24 million), and a median base salary of \u00a362,500 (R1.15 million).<\/p>\n

Based on the group’s 2018 annual report, it spent \u00a3795.4 million (R14.6 billion) on salaries and benefits for its 9,444 employees, making the average pay \u00a384,200 (R1.55 million) – however this includes top executives, prescribed officers and the group’s CEO, Stephen Koseff, who took home a total salary of\u00a0 \u00a33.5 million (R64.2 million) in that year.<\/p>\n

The table below outlines the top payers in the UK:<\/p>\n

\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Company<\/th>\nMedian Total<\/th>\nMedian Base<\/th>\nIndustry<\/th>\n<\/tr>\n
Credit Suisse<\/td>\n\u00a390 000<\/td>\n\u00a382 000<\/td>\nFinance<\/td>\n<\/tr>\n
SAP<\/td>\n\u00a390 000<\/td>\n\u00a366 000<\/td>\nTech<\/td>\n<\/tr>\n
Deutsche Bank<\/td>\n\u00a389 500<\/td>\n\u00a380 000<\/td>\nFinance<\/td>\n<\/tr>\n
Facebook<\/td>\n\u00a389 000<\/td>\n\u00a374 000<\/td>\nTech<\/td>\n<\/tr>\n
Standard Chartered<\/td>\n\u00a385 000<\/td>\n\u00a376 000<\/td>\nFinance<\/td>\n<\/tr>\n
Salesforce<\/td>\n\u00a385 000<\/td>\n\u00a366 806<\/td>\nTech<\/td>\n<\/tr>\n
Dell<\/td>\n\u00a384 825<\/td>\n\u00a362 500<\/td>\nTech<\/td>\n<\/tr>\n
Oracle<\/td>\n\u00a380 000<\/td>\n\u00a366 250<\/td>\nTech<\/td>\n<\/tr>\n
UBS<\/td>\n\u00a379 000<\/td>\n\u00a375 000<\/td>\nFinance<\/td>\n<\/tr>\n
Google<\/td>\n\u00a378 000<\/td>\n\u00a362 500<\/td>\nTech<\/td>\n<\/tr>\n
Goldman Sachs<\/td>\n\u00a374 000<\/td>\n\u00a358 000<\/td>\nFinance<\/td>\n<\/tr>\n
Cisco Systems<\/td>\n\u00a372 250<\/td>\n\u00a359 000<\/td>\nTech<\/td>\n<\/tr>\n
McKinsey & Company<\/td>\n\u00a370 000<\/td>\n\u00a365 000<\/td>\nConsulting<\/td>\n<\/tr>\n
Bank of America<\/td>\n\u00a370 000<\/td>\n\u00a364 500<\/td>\nFinance<\/td>\n<\/tr>\n
Microsoft<\/td>\n\u00a368 000<\/td>\n\u00a361 300<\/td>\nTech<\/td>\n<\/tr>\n
Investec<\/td>\n\u00a368 000<\/td>\n\u00a362 500<\/td>\nFinance<\/td>\n<\/tr>\n
Just Eat<\/td>\n\u00a366 500<\/td>\n\u00a362 500<\/td>\nTech<\/td>\n<\/tr>\n
Societe Generale<\/td>\n\u00a366 500<\/td>\n\u00a361 000<\/td>\nFinance<\/td>\n<\/tr>\n
Babylon Health<\/td>\n\u00a365 000<\/td>\n\u00a365 000<\/td>\nTech<\/td>\n<\/tr>\n
BlackRock<\/td>\n\u00a365 000<\/td>\n\u00a357 000<\/td>\nFinance<\/td>\n<\/tr>\n
Morgan Stanley<\/td>\n\u00a364 000<\/td>\n\u00a355 500<\/td>\nFinance<\/td>\n<\/tr>\n
Veritas<\/td>\n\u00a362 500<\/td>\n\u00a360 400<\/td>\nTech<\/td>\n<\/tr>\n
Rackspace<\/td>\n\u00a362 500<\/td>\n\u00a358 950<\/td>\nTech<\/td>\n<\/tr>\n
Octopus<\/td>\n\u00a361 500<\/td>\n\u00a349 000<\/td>\nFinance<\/td>\n<\/tr>\n
Bloomberg LP<\/td>\n\u00a361 000<\/td>\n\u00a358 000<\/td>\nTech<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n

Conversions done at 18.35 ZAR = 1 GBP<\/em><\/p>\n

\n

Read: Goldman Sachs partners with Investec to expand in South Africa<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Recruitment specialist, Glassdoor, has published new research on the companies that pay some of the highest salaries in the UK – including a South African bank.<\/p>\n","protected":false},"author":10,"featured_media":52353,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[7186,26,1498],"class_list":["post-319342","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-glassdoor","tag-headline","tag-investec"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/319342","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=319342"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/319342\/revisions"}],"predecessor-version":[{"id":319370,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/319342\/revisions\/319370"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/52353"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=319342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=319342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=319342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}