Friday, June 17, 2011

2011 Salary Survey: Travel Weekly

I came across the survey below that may be of interest to my colleagues in the travel industry. Click on the title below to read the full article.

2011 Salary Survey: Wages and trends Travel Weekly
By Louise Wallace

As the Beatles once suggested, money can't buy you love. Sure, the message may have been at the heart of a catchy tune back in the 1960s, but even now, maybe more than ever, money is a touchy topic. Some argue it brings security and reinforces self-worth, while others are adamant money can't buy happiness.

Whatever the verdict, the Travel Weekly 2011 Salary Survey showed most travel industry employees might be better off whistling the Beatles tune, with 63% of respondents reporting they're unhappy with their pay packet. In fact, almost 20% strongly disagreed that their salary is fair, compared with just 6% who were very satisfied with their annual income.


According to website, retail workers bring in an annual salary of around $58,000; about half an engineer's income and a fraction of that of miners, who rake in an average of $146,000 per year. Meanwhile, employees in the wider travel industry are likely to bring home a humble $48,071 per annum, or $924 per week before tax and other deductions.
That being said, $48,000 should not be sneezed at.

This year's Travel Weekly survey revealed that travel consultants averaged $37,984 per year and owners took home approximately $61,000. Meanwhile, senior consultants are likely to scribble approximately $45,000 on their annual tax estimate, and agency managers about $60,000. But whatever their caper, only 37% of survey respondents felt their income was fair.
But it's not all doom and gloom, and no, the industry is not run by disgruntled employees plotting how to get back at their bosses in the tea room. The figures are actually an improvement on last year when 68% of respondents were dissatisfied with their pay packet and one-fifth strongly disagreed that their pay adequately reflected their skills.

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