We pride ourselves on transparency, I said. Everyone who works at Speed gets to know everything about the financial mechanics of the business, I told them. That way you understand what role you play in it and you never feel you’re working away and have no clue what impact your endeavours may have.
We’re totally transparent about our salary scale too, I said. Everyone gets to see it, so you know what you can earn as you progress.
“If you’re that transparent,” said a colleague “stick it on the internet.” Alright then.
Thankfully, we’ve just benchmarked our pay brackets against the rest of the industry, which we do twice a year, so we can do this with some confidence. So in the spirit of openness we’ve set by publishing our 2009 numbers to PR Week (a year most of us would rather forget, but which may make us stronger), here is the current Speed salary scale, across all teams:
Account Assistant: £17,000 to £19,000
Account Executive: £19,000 to £24,000
Senior Account Exec: £24,000 to £29,000
Account Manager: £29,000 to £35,000
Senior Account Mgr: £35,000 to £39,000
Account Director: £39,000 to £52,000+
Director: £52,000+
So will any others agencies be so transparent? And if not, would their staff mind dropping me a comment with the information?
Sanity publishing: Speed’s salary scale http://goo.gl/fb/UFiP (@mynameisearl)
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Blog – Sanity publishing: Speed’s salary scale. http://bit.ly/cp962n. He wouldn’t, would he?
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May be a controversial move but it’s a great one! @speedcomms releases their salary scale http://ow.ly/1d7WQ
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Guys – a bold move but I tip my hat. Not many agencies would do that…
In fact I don’t know of any other agency that has done it. We may find others say what we’ve done is commercial idiocy, to which we might say we hope you get asked some probing questions by staff and clients about your lack of transparency then.
So, Speed has released its pay brackets – I think I might be asking for a payrise at my next review…http://bit.ly/d7zr2l
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This may put the cat among the pigeons in PR land. @speedcomms publishes its salary brackets. http://bit.ly/cUfes9
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FYI for anyone interested in London PR salaries.. Speed saw fit to publish theirs http://bit.ly/d7zr2l (via @davidchild)
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Bold more indeed, but any attempt at bringing transparency to the personnel costs of our industry is a good thing and should be congratulated.