Remuneration
The survey below was conducted in 2000 and 2002 on 60 people and six organizations who employ a number of Industrial and Organisational Psychologists. It is intended as a rough guide to salaries in different career steams within IO Psychology.
Consulting | Entry Analyst | Practitioner | Senior | Manager | Director |
Salary | $36,000 | $44,000 | $65,000 | $ 92,000 | $160,000 |
Bonus | $4,000 | $6,640 | $7,000 | $14,000 | $30,000 |
Total | $40,000 | $51,240 | $69,150 | $106,000 | $190,000 |
Practitioner | Advisor | Officer | Senior Advisor | Manager | Director |
Salary | $40,000 | $50,000 | $80,000 | $ 96,500 | $135,000 |
Bonus | $2,000 | $18,500 | $25,000 | ||
Total | $42,000 | $50,000 | $80,000 | $111,125 | $170,000 |
Academic | Junior | Lecturer | Senior Lecturer | Reader | Professor |
Salary | $45,000 | $50,000 | |||
Bonus | $3,000 | ||||
Total | $48,000 | $50,000 |
Entry level positions were predominantly Masters Graduates in IO Psychology. These tended to have analyst in the job title for consultancies, advisor for corporate roles and junior or assistant lecturer in academia. Objectives at this level tend to be assisting in part of the activities of more senior roles, in a learning or mentoring situation.
Practitioners were typically 2 – 4 years in the role, called consultants, advisors or senior advisors, or lecturers respectively. Objectives at this level tend to be delivering discrete activities within the function without close supervision or mentoring.
Senior roles were made up of people out of university for 3 – 10 years, with titles such as Senior Consultant, Manager (either of Personnel or a specific human resource function, eg Health and Safety), and senior Lecturer (typically more at the end of ten years). At this level people are managing projects involving other people (not necessarily direct reports), and taking charge of a diverse range of activities on a project.
Management roles are managing a business activity, with titles such as managing or principal consultant, Human Resource or Organisational Development Manager, and Reader. At this level incumbents are typically managing other staff, and a business unit including budgets and business planning.
Senior management roles can be Directorship when an employee or partnership with an equity stake, Group Manager or Director of Human Resources, and Professor in Academia. The roles are focused on integrating the function into the whole business function in line with strategy and in senior overview of all activities.