Diorh Firm Survey: 2010 Salary Increases Ranged from 5% to 6%
22 November 2010
Read by 1608 persons
58 companies, a large majority of which are multinationals, participated in the 14th salary survey by the Diorh firm.
The salary of a purchasing director increased by 69% in five years.
Compliance manager, a well-paid position.
The Diorh firm has just published the results of its fourteenth salary survey. This survey, conducted for the third time in collaboration with the Mercier firm, a leading international human resources consulting firm, covers 58 companies (85% of the sample consists of multinationals) and 15,840 individual salary data points. The sample size has decreased significantly, as it was 84 in 2008 and 60 in 2009. Essaid Bellal, CEO of the firm, explains this decline for two reasons. "The first is internal, as we wanted to consider only comparable companies in terms of remuneration policy. The survey in question covers elite companies in terms of human resources policy with transparent rules regarding the declaration of salaries, social benefits, implementation of HR tools... The second reason is external, as some companies preferred not to participate in the survey in order not to upset their salary mass."
American companies constitute 33% of the sample and French companies 18%, while Moroccan companies are only represented at 11%. Mr. Bellal points out, however, that companies, especially national ones, are increasingly participating in these surveys not only to benchmark but also to position themselves, readjust salaries, and above all build a remuneration strategy.
By sector of activity, the consumer goods sector represents 41% of the panel, followed by high technology (16%), non-durable goods (11%), durable goods (11%), services (5%), energy (5%), banks/finance (5%), retail/mass distribution (4%), and others (4%).
The first observation is that there is no salary bidding war unlike previous years, except for specialized profiles. "We have recruited a trilingual junior lawyer for 20,000 net DH, but this is an exception," says the CEO of Diorh. For all socio-professional categories, increases are between 5% and 6%.
Increase in Turnover
By function, the survey shows that salaries have experienced considerable growth over a five-year period between 2005 and 2010. For management positions, it is the salary of the purchasing director that has seen the strongest growth, namely 69% over this period. This is followed by the human resources director (HRD) with an increase of 63%, the financial and administrative director (FAD) with 54%, the sales director (47%), the general manager (45%), the supply chain director (39%), the information systems director (24%), the marketing director (20%), and the plant director (20%).
For senior management positions, the sales manager leads the way with an increase of 97%, followed by the financial manager (69%), the maintenance manager (63%), the purchasing manager (4%), the human resources manager (45%), the IT manager (44%), and the senior quality manager (34%).
We have also noted the development of new positions such as the compliance manager whose gross annual salary can reach 450,000 DH, the senior sales manager (600,000 DH), the compensation and benefits manager (390,000 DH), and the senior lawyer (700,000 DH).
The 2010 survey also shows the rise of new positions, including the compliance manager. Their gross annual salary can reach 450,000 DH. There is also the senior sales manager (600,000 DH), the compensation and benefits manager (390,000 DH), and the senior lawyer (700,000 DH).
Similarly, the survey provides some details on company turnover, estimated at 5% in 2010 compared to 3% in 2009 and 4% in 2008. The training budget, meanwhile, is around 2% in 2010, also 2% in 2009, and 3% in 2008.
Finally, the survey also presents details on salary levels in the Mediterranean basin countries. Roughly speaking, Moroccan executives are the best paid in the region, particularly compared to their Algerian, Tunisian, and Egyptian counterparts. According to the survey conducted by the Mercer firm, HR managers in Morocco have the most comfortable salary levels in the region, averaging 40,000 gross dollars annually (350,000 dirhams). This is well above the salaries reported in Portugal, Romania, or Tunisia. HRDs would earn on average more than 60,000 dollars per year (630,000 gross dirhams), much more than their counterparts in Egypt (40,000 dollars) and Algeria (42,000 dollars). For their part, senior accountants would earn more than 20,000 dollars in Morocco, close to 30,000 dollars in Tunisia, and less than 20,000 dollars in Egypt and Algeria.
Published November 1, 2010
Posted online November 22, 2010
lavieeco.com
The salary of a purchasing director increased by 69% in five years.
Compliance manager, a well-paid position.
The Diorh firm has just published the results of its fourteenth salary survey. This survey, conducted for the third time in collaboration with the Mercier firm, a leading international human resources consulting firm, covers 58 companies (85% of the sample consists of multinationals) and 15,840 individual salary data points. The sample size has decreased significantly, as it was 84 in 2008 and 60 in 2009. Essaid Bellal, CEO of the firm, explains this decline for two reasons. "The first is internal, as we wanted to consider only comparable companies in terms of remuneration policy. The survey in question covers elite companies in terms of human resources policy with transparent rules regarding the declaration of salaries, social benefits, implementation of HR tools... The second reason is external, as some companies preferred not to participate in the survey in order not to upset their salary mass."
American companies constitute 33% of the sample and French companies 18%, while Moroccan companies are only represented at 11%. Mr. Bellal points out, however, that companies, especially national ones, are increasingly participating in these surveys not only to benchmark but also to position themselves, readjust salaries, and above all build a remuneration strategy.
By sector of activity, the consumer goods sector represents 41% of the panel, followed by high technology (16%), non-durable goods (11%), durable goods (11%), services (5%), energy (5%), banks/finance (5%), retail/mass distribution (4%), and others (4%).
The first observation is that there is no salary bidding war unlike previous years, except for specialized profiles. "We have recruited a trilingual junior lawyer for 20,000 net DH, but this is an exception," says the CEO of Diorh. For all socio-professional categories, increases are between 5% and 6%.
Increase in Turnover
By function, the survey shows that salaries have experienced considerable growth over a five-year period between 2005 and 2010. For management positions, it is the salary of the purchasing director that has seen the strongest growth, namely 69% over this period. This is followed by the human resources director (HRD) with an increase of 63%, the financial and administrative director (FAD) with 54%, the sales director (47%), the general manager (45%), the supply chain director (39%), the information systems director (24%), the marketing director (20%), and the plant director (20%).
For senior management positions, the sales manager leads the way with an increase of 97%, followed by the financial manager (69%), the maintenance manager (63%), the purchasing manager (4%), the human resources manager (45%), the IT manager (44%), and the senior quality manager (34%).
We have also noted the development of new positions such as the compliance manager whose gross annual salary can reach 450,000 DH, the senior sales manager (600,000 DH), the compensation and benefits manager (390,000 DH), and the senior lawyer (700,000 DH).
The 2010 survey also shows the rise of new positions, including the compliance manager. Their gross annual salary can reach 450,000 DH. There is also the senior sales manager (600,000 DH), the compensation and benefits manager (390,000 DH), and the senior lawyer (700,000 DH).
Similarly, the survey provides some details on company turnover, estimated at 5% in 2010 compared to 3% in 2009 and 4% in 2008. The training budget, meanwhile, is around 2% in 2010, also 2% in 2009, and 3% in 2008.
Finally, the survey also presents details on salary levels in the Mediterranean basin countries. Roughly speaking, Moroccan executives are the best paid in the region, particularly compared to their Algerian, Tunisian, and Egyptian counterparts. According to the survey conducted by the Mercer firm, HR managers in Morocco have the most comfortable salary levels in the region, averaging 40,000 gross dollars annually (350,000 dirhams). This is well above the salaries reported in Portugal, Romania, or Tunisia. HRDs would earn on average more than 60,000 dollars per year (630,000 gross dirhams), much more than their counterparts in Egypt (40,000 dollars) and Algeria (42,000 dollars). For their part, senior accountants would earn more than 20,000 dollars in Morocco, close to 30,000 dollars in Tunisia, and less than 20,000 dollars in Egypt and Algeria.
Published November 1, 2010
Posted online November 22, 2010
lavieeco.com
