2021 Work & Pay Report: Payspective

MOVEMEON payspective
2021
WORK & PAY REPORT
UNDERSTANDING THE IMPACT
OF COVID-19 PAY
BENCHMARKING
COVID-19
IMPACT
GENDER
PAY GAP
WORKING
HOURS
STRATEGIC & COMMERCIAL PROFESSIONALS

www.movemeon.com www.payspective.com
CONTENTS MOVEMEON payspective
2021 WORK & PAY REPORT
1. FO U N DERS' FOR E W O R D
2. A B O UT US AND O U R D A T A S ET
3. S T A YING VS M O V I N G O N
4. P A Y PROGRESS I O N
5. P A Y B Y FUNCTION
6. PA Y B REAKDOWN
7. 2 0 2 0 P A Y RISES
8. W O R KING HOUR S
9. F R E ELANCE CO N S U L T I N G
10. F R E ELANCE PR O J E C T S
11. W H A T DRIVES J O B H A P PINESS?
12. W H O 'S H A P PIEST?
13. P A Y EXPECTAT I O N S
14. T H E INDUSTRY S H O W D O W N
15. G E N DER PAY G A P
16-17. IM P ACT OF CO V I D - 1 9
18-19. D E E P DIVE: UK
20-21. D E E P DIVE: FRA N C E
22-23. D E E P DIVE: GER M A N Y , A U S T R I A , S W I T Z E R L A N D ( D A C H )
24-25. D E E P DIVE: AUS T R A L I A / N E W Z E A L A N D
26. G L O BAL OPPOR T U N I T I E S

www.movemeon.com www.payspective.com PAGE 1
FOUNDERS' FOREWORD
Movemeon is the world's leading channel for hiring strategic and commercial
professionals. As such, we're used to getting questions about compensation but
also working conditions and job satisfaction from candidates and employers.
This year, we noticed that a lot of questions revolved around the special
situation caused by the pandemic.
Employers
"What's a reasonable package for this role?" and "How has COVID changed the
balance of supply and demand in the job market?"
Candidates
"How much can I expect for this job?" and "What industries have the best pay
(per hour)?"
Acknowledging the immense importance of answering these questions in a data-

driven way, we are setting up a new initiative, Payspective, fully dedicated to
creating the insights and benchmarks that both professionals and employers
want and need. To get the sort of insights you see in this report on a regular
basis, do sign up to the Payspective newsletter.
For the report at hand, we've analysed 35,000+ data points from the Movemeon
and Payspective community. This report sets out the key findings for both
employers and candidates and covers everything from pay to working hours to
job satisfaction, as well as the impact of the pandemic on all of the above.
If you would like to speak to us regarding the information in this report, or

Movemeon / Payspective in general, please email info@movemeon.com or
info@payspective.com.
All the best,
Richard Rosser & Nick Patterson

Founding Directors of Movemeon & Payspective
24% 33% 57%

The proportion of The extent to which the gap The proportion of
professionals looking for a between salaries offered and professionals in receipt of a
new position due to COVID-19 expected has shrunk pay rise despite the pandemic
The information in this report is proprietary. Please do not reproduce it without the permission of Movemeon.
ABOUT US AND OUR DATASET

35,000 DATA POINTS
Movemeon works with 4,000+ clients and has a member base of 50,000+ candidates. As
such, we are working with a uniquely large dataset, consisting of data collected through
our global website as well as surveys of our community.
Overall, the insights in this report are based on 35,000 data points.
CANDIDATE
DEMOGRAPHICS
4,000+ 50,000+ Directors 28%
Managers 41%
CLIENTS CANDIDATES
Associates 27%
Senior Analysts 4%
OUR VISION AND AIMS WITH PAYSPECTIVE

To make work happier, fairer, more diverse and more productive
Payspective is a new initiative from Movemeon, dedicated to creating insights around
work, thereby making it happier, fairer, more diverse and more productive. We support
companies with insights across the HR agenda and help them get crucial topics like pay,
diversity and employee engagement right.
At the same time, we provide the insights professionals need to make informed career and
life decisions.
WHO'S HIRED THROUGH MOVEMEON?
and many more... see the full list here

STAYING VS MOVING ON
MOVEMEON COMMUNITY DATA
Overall, leaving Consulting has a small but positive influence on your

pay - especially at Associate and Director levels. However, what's more
decisive for long-term earnings is the type of consulting background you
have.
Industry
Consulting
£250
212K
£200
193K
£150
112K
£100 95K
110K
68K
80K
£50 57K
£0
Analyst Associate Manager Director/VP
Total compensation, progression by seniority (industry vs consulting)
McKinsey, Bain, BCG

Strategy Houses
Management Consultancies
£300
255K
£200
182K
172K
146K
121K
100K
£100 74K 87K
98K
53K
73K
47K
£0
Analyst Associate Manager Director/VP
Total compensation, progression by consulting background

PAY PROGRESSION
BY INDUSTRY
PE/VC employees command the highest total compensation across all

levels. Startup employees are paid least at Associate and Manager level,
but catch up at Director level.
Associate Manager Director

200,000 200,000 300,000
150,000 150,000
200,000
100,000 100,000
100,000
50,000 50,000
K411
K211
K371
K001
K061
K791
K491
K712
K972
K39
K97
K77
0 0 0
su e
St y
p
su te
St y
p
su te
St y
p
C
nc
nc
on rat
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tu
/V
/V
nc
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a
ar
C por
ar
lta
lta
C por
ar
PE
PE
po
lta
PE
or
or
or
on
C
on
C
C
Total compensation (basic, bonus, shares, pension, dividends and other)
PER HOUR
The large number of hours worked make Consulting the lowest-paid

industry when analysed from a 'pay per hour' perspective.
Associate Manager Director
£125 £125 £125

£100 £100 £100
£75 £75 £75
£50 £50 £50
121£
£25 £25 £25

19£
94£
55£
37£
78£
18£
13£
53£
25£
54£
44£
£0 £0 £0
su te
St y
p
su te
St y
PE p
C
su te
St y
p
C
nc
nc
tu
tu
nc
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tu
a
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a
C por
ar
C por
ar
lta
lta
C por
ar
PE
lta
PE
or
or
or
on
on
C
on
C
PAY BY FUNCTION
AVERAGE SALARY BY SENIORITY
The salary data collected across all roles shared on Movemeon suggests
that pay increases at the fastest rate between different levels of seniority
for Business Development roles. Meanwhile, Operations roles show the
least potential for pay progression.
Strategy
General Management
PMO/Transformation
Corporate/Bus.Dev
Operations
75,000
50,000
25,000 125,000
K06£
K06£
K16£
K65£
K35£
0
Associate
100,000
12
m
Ite
80,000 75,000
60,000
50,000
40,000
25,000
20,000
K411£
K801£
K101£
K421£
K28£
K87£
K17£
K17£
K77£
K37£
0 0
Manager
Director / VP
Average basic salary by seniority in GBP

PAY BREAKDOWN
COMPANY TYPE
Across all company types, non-cash compensation (bonus & equity)
becomes more important as seniority increases.
Startups offer the highest level of equity at most seniority levels, while
high bonuses mean that the share of base salaries as a percentage of total
compensation is lowest in PE/VC companies.
Basic
Bonus
Pension
Equity
100% 2%
2% 7% 3% 3% 2% 8% 6% 18% 6% 14% 17%
5%
4% 10% 12% 3% 2% 3%
3% 16% 4%
11% 12% 1% 6% 26%
90% 14% 3%
2% 2%
13%
7% 22%
80%
70%
60%
50%
40%
%38
%67
%78
%48
%85
%28
%17
%68
%97
%78
%37
%66
30%
DIRECTOR/VP
DIRECTOR/VP
DIRECTOR/VP
DIRECTOR/VP
ASSOCIATE
ASSOCIATE
ASSOCIATE
ASSOCIATE
20%
MANAGER
MANAGER
MANAGER
MANAGER
10%
Corporate Consultancy Startup PE/VC
Total compensation breakdown by industry

COVID IMPACT
2020 PAY RISES

AVERAGE PAY RISE BY INDUSTRY
Around a fifth of all Corporates, Consultancies and Startups have taken
government support during the pandemic. At the same time, they gave pay
rises to about half of their employees (down from ~2/3 of their employees
in 2019). Meanwhile, far fewer PE/VCs have relied on government support
and 3/4 of their employees have received a pay rise.
Associate
Manager
Director
Share of professionals who received a pay rise - 2020
20% S h a r e o f p r o f e s s i o n a20
l s w h o r e c e i v e d a p a y 20
rise - 2019 20
15% 15 15 15
10% 10 10 10
5% 5 5 5
%21
%31
%01
%02
%41
%01
%01
%01
%11
%7
%9
%6
0% 0 0 0
59% 68% 58% 76% 45% 58% 74% 50%
Percentage of pay rise by Industry
PERCENTAGE OF COMPANIES WHO RECEIVED

STATE/GOVERNMENT FINANCIAL SUPPORT
Corporate 16%
Consultancy 19%
Startup 18%
PE/VC 7%
0% 5% 10% 15% 20%
WORKING HOURS
HOURS BY INDUSTRY AND SENIORITY
Wh i l e w o r k i n g h o u r s i n c r e a s e w i t h s e n i o r i t y i n S t a r t u p a n d C o r p o r a t e , t h e y
decrease over time in Consulting and PE/VC.
Associate
Manager
75H Director 75 75 75
50H 50 50 50
25H 25 25 25
H54
H84
H74
H25
H75
H55
H45
H84
H36
H45
H15
H45
0H 0 0 0
Hours worked by industry
PRE- VS. POST-PANDEMIC

Across all industries and seniorities, working hours were 4% higher in 2020
than in 2019, indicating that - for the people who retained their jobs - the
pandemic made work more intense. This trend holds true for all company
types but is particularly pronounced for Startup and PE/VC.
2019
2020
Share of professionals who received a pay rise
+2% +8% +4%

60 +1% 60 60 +3% 60 60
40 40 40 40 40
20 20 20 20 20
H94
H94
H55
H55
H84
H05
H25
H65
H15
H35
0 0 0 0 0
Corporate Consultancy Startup PE/VC Overall
FREELANCE CONSULTING
DAY RATES
A t y pical freela n c e o p p o r t u n i t y r e c e i v e s a p p l i c a t i o n s w i t h a wide range of
d a y rates. While e m p l o y e r s c ho o s e f r e e l a n c e r s c l o s e r t o t h e lower end of
th e spectrum a t A s s o c i a t e l e v e l , t h e y t e n d t o g o f o r t h e h i g h er end of the
s p e c trum at Dire c t o r l e v e l , m ea n i n g t h a t p r i c e s e n s i t i v i t y i s high for junior
free lancers but l o w f o r s e n i o r f r e e l a n c e r s .
A l i kely interpret a t i o n i s t h a t o n t h e j u n i o r e n d o f t h e m a r k e t, projects are

m o re transaction a l , w h e r e a s , o n t h e s e n i o r e n d , c l i e n t s w a nt a perfect fit
a n d real credibi l i t y , a n d a r e h ap p y t o p a y f o r i t . A s a r u l e o f thumb, a
free lancer's day r a t e s h o u l d be t h e a n n u a l b a s i c s a l a r y o f t hat person in a
p e r m anent role , d i v i d e d b y ~ 1 2 0 .
Range of applications
Actual paid day rates
1500
£1375
£1125 £1335
1100
£850
700 £704
£398
300 £450
£350
£300
Associate Manager Manager/Director
PROJECT SOURCE
On l i ne p l a t f o r m s l i k e m o v e m e o n . c o m Repeat business 23%

are the number one source of new Online platforms 20%
business for freelancers. Freelancers
Client referrals 19%
source 25% more projects on platforms
than with traditional agencies. Agencies 16%
Other 10%
Overall, repeat business and business Approaching employers 7%
from online platforms make up about
Peer referrals 4%
half of the project opportunities that
freelancers get. 0% 5% 10% 15% 20% 25%
Click here to view our 2020 Freelance & Interim Consulting report
FREELANCE PROJECTS
12 months+
13% <2 months
TYPICAL 22%
PROJECT LENGTH
6-12 months
17%
A b o ut half of al l f r e e l a n c e p r oj e c t s
a r e between 2- 6 m o n t h s l o n g a n d
o v e r 10% are lon g - t e r m p r o j e ct s t h a t
ru n for more tha n a y e a r .
2-6 months
48%
COVID IMPACT
IMPACT OF COVID-19 ON Shorter

PROJECT LENGTH 29%
W h i l e m o s t fr e e l a n c e r s d i d n o t s e e a
change in project length due to COVID-
No change
19, there is a significant share who Longer
63%
8%
experienced shorter projects.
Cost Cutting
IMPACT OF COVID-19 ON 11%
PROJECT TYPE Transformation
32%
O v e r 1/3 of prof e s s i o n a l s h a v e Interim roles
21%
e x p e rienced a ch a n g e i n p r o j ec t
ty p e . These are t h e p r o j e c t s t ha t
h a v e become mo r e c o m m o n . Project Management
8%
Other
28%
Click here to view our 2020 Freelance & Interim Consulting report
WHAT DRIVES JOB HAPPINESS?

CONSULTANTS VS ALUMNI VS FREELANCERS
We asked our candidates to rate their overall happiness with their jobs
on a scale from 1 to 10. Just like last year, freelancers and alumni were
significantly happier than consultants.
Overall happiness
01
6.1 6.8 6.9 10
LEAST HAPPY HAPPIEST

Consultants Alumni Freelancers
7.0
IMPACT OF WORKING HOURS 6.8
6.6 6.6
6.6 6.5
We also tested two long-standing
6.4
questions with our candidates - how
6.2
i m p o r t a n t i s m o n e y f o r ha p p i n e s s a n d
6.0
what's the influence of working hours? 6.0
5.8
Ov e r a l l h a p p i n e s s i s c o n s i s t e n t u p u n t i l 5.6
5.6
60h worked per week, but anything above

H05-04
H07-06
H06-05
5.4
H07+
H04<
that has a serious, negative influence. 5.2
5.0
Over a l l h appiness by hours worked

(sca l e f r om 1-10)
7.4
7.0
IMPACT OF COMPENSATION
6.8 6.8 6.8
6.6
When it comes to compensation, we don't 6.5
6.4
s e e a s a t u r a t i o n e f f e c t - t o t h e c o n t ra r y ,
professionals seem to get quite a kick out 6.2
6.0
of making more than half a million. 6.0 5.9
5.8
5.8
This lack of a saturation effect may be

K052-521£
K005-052£
5.6
K521-57£
caused by the uncertainty that comes with

K05-04£
K57-05£
+K005£
5.4
K04-£
a global pandemic - a situation in which

5.2
professionals particularly value their
5.0
financial independence.
Over a l l h appiness with compensation
(sca l e f r om 1-10)
WHO'S HAPPIEST?
HAPPINESS WITH COMPENSATION & HOURS
So who's happiest? Freelancers and alumni are a bit happier with their
compensation than consultants and a lot happier with their working hours, which
drives their overall happiness advantage.
Happiness with total compensation Happiness with working hours
01 6.3 6.6 6.8 10 01 5.5 7.4 7.6 10

LEAST HAPPY HAPPIEST LEAST HAPPY HAPPIEST
Consultants Freelance Alumni Consultants Freelance Alumni
£200k
Average compensation
60H
£150k Hours per week

40H
£100k
20H
£50k
K601
K161
K041
H65
H05
H34
£0k 0H
Consultants Alumni Freelance Consultants Alumni Freelance
Contractual concerns about a new job

FACTORS THAT (i.e. probation at an uncertain economic time)
3%
INFLUENCE CHANGE Fewer opportunities out there 8%
Perks (e.g. flexibility) 11%

Perhaps unsurprisingly, money and the work Salary 46%
environment are also the most mentioned
Work environment 32%
factors that influence a future job change.
0% 10% 20% 30% 40% 50%
COVID IMPACT
IMPACT OF COVID-19 ON MENTAL

Negative No impact
& PHYSICAL HEALTH 47% Mental 47%
COVID-19 has had a negative impact on

Positive
professionals' health - this is particularly
6%
distinct when it comes to mental health, where
47% of professionals have reported a negative Negative
35%
effect. This number is likely to have gone up
Pysical No impact
further because of new lockdowns in most 53%
(European) countries.
Positive
12%
PAY EXPECTATIONS
EMPLOYERS VS CANDIDATES
The gap between salary advertised and candidate expectations decreases

with seniority. For all levels of seniority, the gap between expectation and
reality has become a lot narrower in 2020 - overall, more than a third of
the gap has disappeared. This points to a softer labour market in which
the balance of power has somewhat shifted to employers because of the
pandemic.
2019
2020
% difference between 2019-20
60 60 60 60 60
-4%
-42% -36%
40 40 -22% 40 40 40
20 20 20 20 -1% 20
%43
%23
%12
%72
%72
%71
%62
%61
%9
%9
0 0 0 0 0
Analyst Associate Manager VP/Director Overall
Candidate expectations vs the role's advertised salary (per seniority)
EXPECTATIONS BY INDUSTRY
The differential between candidate and employer expectations is greatest

for Startup and smallest for PE/VC.
3%
PE/VC
8%
Consulting
14% 23%
Corporates Startup
THE INDUSTRY SHOW-DOWN

PAY PER HAPPY HOUR
So which industry should you be working in at which level? To figure that
out, we put pay, hours and happiness together into a single metric that we
c a l l e d p a y p e r h a p p y h o u r. I t ' s c a l c u l a t e d a s " p a y p e r h o u r * ( H a p i n e s s
score / 10)" and shows that PE/VC is ahead of all other industries at all
levels of seniority. Corporate
Consultancy
Startup
TOTAL COMPENSATION
PE/VC
200K 200 300
150K 150
200
100K 100
K001£
K061£
K411£
K211£
K371£
K791£
K491£
K792£
K972£
100
K39£
K97£
K77£
50K 50
0K 0 0
Associate Manager VP/Director
WORKING HOURS
75H 75H 75H
50H 50H 50H
25H 25H 25H

H54
H75
H84
H36
H84
H55
H74
H45
H15
H45
H25
H45
0H 0H 0H
HAPPINESS
10 10 10
7.5 7.5 7.5
5 5 5
2.5 2.5 2.5
8.6
1.6
3.6
0.8
6.6
0.6
5.6
0.7
6.6
8.6
0.7
6.7
0 0 0
BRINGING IT ALL TOGETHER: PAY PER HAPPY HOUR
£50 £50 £100

£40 £40 £75
£30 £30
£50
£20 £20
£25
33£
81£
22£
54£
43£
72£
82£
94£
65£
35£
36£
68£
£10 £10
£0 £0 £0
GENDER PAY GAP

GAPS ACROSS ALL SENIORITIES
The gender pay gap exists and is substantial

across all levels of seniority, though it's DIRECTOR-LEVEL
COMPENSATION IS 23%
particularly pronounced at Director level, with
LOWER FOR WOMEN
a 23% pay difference. Half of this gap comes THAN MEN
f r o m b o n u s e s , w h i9%
ch are significantly lower for
women than for men.
Male base salary

Female base salary
Bonus
14K 9% 5% 81K
22K GAP
GAP
23%
K17
9K 21K
K19
GAP
K96
59K
K78
K931
9% 5% K911 23%
TOTAL GAP TOTAL GAP TOTAL GAP
6% 1% 12%
FROM BONUS FROM BONUS FROM BONUS
3% 4% 11%
M F FROM BASE PAY M F FROM BASE PAY M F FROM BASE PAY
THE GAP PERSISTS

In our data and as shown in other research too, the gender pay gap is
persistent and hasn't changed much over the years.
25% 19% 22%

2018 2019 2020
COVID IMPACT
IMPACT OF COVID-19 (1/2)

PERCENTAGE OF PROFESSIONALS LOOKING FOR A
NEW POSITION
Across industries and seniority levels, about 1/4 of professionals have

been or are likely to look for a new position specifically due to COVID-19.
INDUSTRY SENIORITY
30% 30%
20% 20%
10% 10%
%92
%52
%03
%42
%42
%62
%62
%12
0% 0%
y
te
er
P
nc
tu
ys
/V
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at
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ag
ar
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PE
al
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ci
or
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an
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so
su
or
ct
M
As
on
ire
C
C
OPINION OF EMPLOYERS D
COVID did not have an impact on ~2/3 of professionals' opinions towards

their employers, though particularly people in more junior positions are
somewhat critical.
Wh i l e a t M a n a g e r a n d D i r e c t o r l e v e l ~ 2 0 % h a v e c h a n g e d t h e i r o p i n i o n t o
the better and ~20% to the worse, 32% of Analysts now have a worse
opinion of their employers and only 4% a better one.
OVERALL OPINION CHANGED OPINION - WORSE
40%
Worse
21% 30%
20%
10%
%23
%82
%22
%51
Better
No change
16%
63% 0%
t
er
P
ys
at
/V
ag
al
ci
or
an
An
so
ct
M
As
ire
D
COVID IMPACT
IMPACT OF COVID-19 (2/2)

PROFESSIONALS WORKING FROM HOME
Around the world, most professionals are working in a remote setting, New
Zealand - which has managed to get the pandemic under control very
swiftly - being the exception. In terms of seniority, the most senior roles
are most likely to still work from the office whereas virtually all junior
professionals work from home.
BY COUNTRY BY SENIORITY
100% 100%
75% 75%
50% 50%
25% 25%
%87
%29
%58
%38
%72
%09
%19
%59
%29
%29
%49
%98
%28
0% 0%
lia
ce
nd
es
er
P
ys
an
an
or
at
/V
iu
do
ag
ra
an
at
rla
al
ap
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Fr
so
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Be
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Ze
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Au
itz
Ki
M
As
G
ire
Si
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Sw
ew
D
ni
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N
U
ni
U
ADDITIONAL IMPACT OF COVID-19
While COVID-19 has driven 29% of consultants to want to leave their

consulting companies (and predominantly join corporates), almost the same
proportion of ex-consultants are tempted to go back into Consulting (20%).
SPECIFIC CHANGES DUE TO COVID-19
20% 23% 29% 56%

in industry wanting employed consultants in Consulting
to go back to looking to freelance looking to change of professionals who
Consulting
want to leave
Consulting aim to join a
Corporate
www.movemeon.com www.payspective.com PAGE 18 (1/2)
DEEP-DIVE: UK
1 COVID-19 put a heavy strain on professionals with 53% reporting a
negative impact on mental health
2 The UK exhibits a pronounced increase in pay at Director level in

PE/VC (100% jump vs. Manager level)
3 A slightly higher differential between expected and offered salary than

global average points to a less soft labour market in the UK
PAY PROGRESSION BY INDUSTRY

ABSOLUTE
150 150,000 £300K
100 100,000 £200K
VP/Director
Associate
Manager
K831£
K021£
K401£
K831£
50 50,000 £100K
K981£
K661£
K441£
K682£
K19£
K57£
K57£
K57£
0 0 £0K
su te
St y
p
su e
St y
p
su te
St y
p
C
nc
nc
tu
on rat
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/V
/V
nc
a
tu
/V
a
C por
ar
ar
lta
lta
PE
PE
C por
ar
po
lta
PE
or
or
or
on
C
on
C
C
PER HOUR
47H
58H
50 38H 65H 60 56H 125
53H 47H
40 48H 100 50H
53H
40 53H
50H
30 75
VP/Director
Associate
Corporate
20 50
Manager
20 Consultancy
411£
Startup
10 25
34£
75£
44£
34£
15£
58£
96£
56£
44£
13£
43£
PE/VC
Hours
0 0 0
EXPECTED VS. OFFERED SALARIES

40% 40% 40% 30% 40% D i f f e r e n t i a l
UK
International
30% 30% 30% 30%
20%
20% 20% 20% 20%
10%
10% 10% 10% 10%
%03
%23
%42
%12
%71
%61
%02
%71
%6
%9
0% 0% 0% 0% 0%
DEEP-DIVE: UK
PROFESSIONALS WHO RECEIVED A PAY RISE
CORPORATE 57%
CONSULTANCY 56%
15%
STARTUP 45%
PE/VC 80%
0% 20% 40% 60% 80%

FREELANCE
DAY RATES (PAID) PROJECT SOURCES TYPICAL LENGTH
1,250 Repeat business 23%
12 months+
1,000 Online platforms 20% 12% -2 months
22%
750 Client referrals 19%
6-12 months
500 Agencies 16% 20%
0021£
746£
504£
250 Other 10%

%9
0 Approaching employers 7%
2-6 months
Peer referrals 4%
e
er
or
46%
at
ag
ct
ci
ire
an
so
0% 5% 10% 15% 20% 25%

D
M
As
COVID IMPACT
IMPACT OF COVID
SHARE OF COMPANIES THAT RECEIVED STATE/GOVERNMENT FINANCIAL SUPPORT
CORPORATE 17%
CONSULTANCY 15%
STARTUP 10%
0%
PE/VC 0% 5% 10% 15% 20%
LOOKING FOR A NEW POSITION LOOKING FOR A NEW POSITION

MENTAL HEALTH IMPACT
DUE TO COVID-19 - BY INDUSTRY DUE TO COVID-19 - BY SENIORITY
30% 30%
Positive
7%
20% 20%
No impact
40% 10% 10%
%02
%22
%52
%61
%72
%71
%81
%81
Negative
0% 0%
53%
y
te
As yst
er
P
nc
tu
at
/V
/V
ra
ag
al
ar
ci
lta
or
PE
po
an
An
so
St
ct
su
or
ire
on
D
C
DEEP-DIVE: FRANCE
1 Half of all consultancies and startups have received government
financial support linked to the pandemic - this compares to an
international average of about 20%
2 The differential between expected and offered salaries is half as big
i n F r a n c e a s i n t e r n a t i o n a l l y ( 9 % v s . 1 7 % ), w h i c h p o i n t s t o a
particularly tight labour market in which candidates have had to adjust
their expectations to the reality of the pandemic
3 Similar to their peers in DACH, French consultants have a relatively

low job satisfaction with an overall happiness score of 5.9
ABSOLUTE
100,000 125,000 500,000
100,000 400,000
75,000
VP/Director
75,000 300,000
Associate
50,000
Manager
ATAD ON
ATAD ON
50,000 200,000
K021€
K211€
K091€
K781€
K134€
K971€
K99€
K69€
25,000
K98€
K06€
25,000 100,000
0 0 0
su te
St y
p
su te
St y
p
C
su e
nc
tu
/V
nc
a
tu
nc
on rat
tu
/V
/V
a
C por
ar
lta
PE
C por
ar
ar
lta
lta
PE
PE
po
St
or
or
or
on
C
on
C
C
C
250 250 250 45H
200PER HOUR 200 200
150 150 150

VP/Director
Associate
57H 50H 51H

100 100 100 56H 54H Corporate
Manager
49H 53H 49H 55H Consultancy

43€
62€
902€
50 50 50 Startup
28€
96€
87€
74€
84€
54€
34€
PE/VC
0 0 0 Hours
EXPECTED VS. OFFERED SALARIES Differential

40% 40% 40% 30% 40% France
International
30% 30% 30% 30%
20%
20% 20% 20% 20%
ATAD ON
10%
10% 10% 10% 10%
%32
%23
%32
%12
%81
%61
%71
%9
%9
0% 0% 0% 0% 0%
DEEP-DIVE: FRANCE
CORPORATE 61%
CONSULTANCY 62%
STARTUP 32%
STARTUP 100%
0% 25% 50% 75% 100%

FREELANCE
1,500 12 months+
Repeat business <2 months
17% 22%
Online platforms
1,000
6-12 months
Client referrals
ATAD ON
9%
6141€
500 Agencies
715€
Other
%9
0 Approaching employers 2-6 months

52%
e
er
or
at
0% 10% 20% 30% 40% 50%

ag
ct
ci
ire
an
so
D
M
As
COVID IMPACT
IMPACT OF COVID
CORPORATE 15%
CONSULTANCY 55%
STARTUP 47%
0%
PE/VC 0% 20% 40% 60%

MENTAL HEALTH
BY INDUSTRY BY SENIORITY
40% 40%
Positive
3% 30% 30%
20% 20%
Negative
No impact 10% 10%
44%
%71
%72
%13
%53
%92
%33
%53
%02
53%
0% 0%
y
te
As yst
er
P
nc
tu
at
/V
/V
ra
ag
al
ar
ci
lta
or
PE
po
an
An
so
St
ct
su
or
ire
on
D
C
DEEP-DIVE: DACH
1 With an overall happiness score of 5.9, consultants in DACH are
pointedly less satisfied than their international peers
2 Only 31% of professionals in DACH have felt COVID-19 had a
n e g a t i v e i m p a c t o n t h e i r m e n t a l h e a l t h, c o m p a r e d t o a n i n t e r n a t i o n a l
average of 47%
3 Freelancers find more than 1/3 of their projects through online
platforms like Movemeon

ABSOLUTE
125,000 150,000 300,000
100,000
100,000 200,000
VP/Director
75,000
Associate
ATAD ON
ATAD ON
Manager
50,000
K911€
K441€
K441€
K501€
K252€
K822€
K242€
K062€
50,000 100,000
K69€
K69€
25,000
0 0 0
su e
St y
p
su e
St y
p
su te
St y
p
C
nc
nc
on rat
tu
on rat
tu
/V
/V
nc
tu
/V
a
ar
ar
lta
lta
PE
PE
C por
ar
po
po
lta
PE
or
or
or
C
on
C
C
PER HOUR
55H 44H
50 75 52H
150 45H
57H 59H 52H
40 47H 55H 51H
50 100
VP/Director
30
Associate
Corporate
Manager
20 Consultancy
25 50
001€
001€
401€
821€
Startup
63€
84€
16€
45€
05€
84€
10 PE/VC
Hours
0 0 0

60% 60 60% 60% 60%
DACH
International
40% 40 40% 40% 40%
20% 20 20% 20% 20%

%15
%23
%12
%02
%71
%91
%71
%61
%51
%9
0% 0 0% 0% 0%
DEEP-DIVE: DACH
CORPORATE 71%
CONSULTANCY 58%
STARTUP 58%
PE/VC 100%
0% 25% 50% 75% 100%

FREELANCE
2,000
Repeat business
12 months+ -2 months
1,500 Online platforms
11% 15%
Client referrals
1,000 6-12 months
ATAD ON
Agencies
19%
007,1€
Other
888€
500
%9
Approaching employers
0 Peer referrals 2-6 months
e
er
or
0% 10% 20% 30% 40% 55%

at
ag
ct
ci
ire
an
so
D
M
As
COVID IMPACT
IMPACT OF COVID
CORPORATE 20%
CONSULTANCY 17%
STARTUP 16%
0%
PE/VC 0% 5% 10% 15% 20%

MENTAL HEALTH
40% 40%
Positive
6%
30% 30%
Negative 20% 20%

31%
No impact 10% 10%

%33
%82
%13
%81
%52
%43
%31
63%
0% 0%
y
te
er
P
nc
tu
at
/V
/V
ra
ag
ar
ci
lta
or
PE
po
an
so
St
ct
su
or
M
As
ire
on
D
C
DEEP-DIVE: AUSTRALIA/NZ
1 More than half of the professionals working for consultancies or
startups have specified that they are or will be looking for a new job
because of COVID-19 - this holds true across all levels of seniority
2 While full-time consultants report higher happiness scores than the
international average (6.9 vs. 6.1), freelance consultants are
significantly less happy than their international peers (6.1 vs. 6.9)
ABSOLUTE
200 250,000 500,000
150 200,000 400,000
VP/Director
150,000 300,000
Associate
K412 DUA
K112 DUA
K481 DUA
100
K851 DUA
K951 DUA
ATAD ON
K393 DUA
K254 DUA
ATAD ON
Manager
100,000
452 DUA
200,000
50 50,000 100,000
0 0 0
on rate
C
on rate
on rate
p
nc
tu
nc
tu
/V
nc
tu
ar
ar
lta
lta
PE
ar
po
po
lta
po
St
St
St
su
su
or
or
su
or
C
C
C
C
C
PER HOUR
45H 48H 47H

46H
80 52H 100 250
51H
49H
60 75 200
VP/Director
150 53H
Associate
40 50
522 DUA
001 DUA
871 DUA
Corporate
99 DUA
Manager
87 DUA
100
76 DUA
77 DUA
Consultancy
20
501
25 50 Startup
Hours
AUD
0 0 0
40% 40 40% 40% 40%

30% 30 30% 30% 30% IAnut se trrnaal ti ai o n+ aNl Z
20% 20 20% 20% 20%
10% 10 10% 10% 10%

%91
%12
%52
%23
%71
%41
%61
%8
%7
%9
0% 0 0% 0% 0%
DEEP-DIVE: AUSTRALIA/NZ
CORPORATE 44%
CONSULTANCY 56%
STARTUP 83%
0% 25% 50% 75% 100%
FREELANCE
PROJECT SOURCES TYPICAL LENGTH
Repeat business 12 months+ -2 months

20% 20%
Online platforms
Client referrals
Agencies
6-12 months
Other 20%
%9
Approaching employers 2-6 months

Other referrals 40%
0% 10% 20% 30%
COVID IMPACT
IMPACT OF COVID
CORPORATE 12%
CONSULTANCY 26%
STARTUP 67%
0% 25% 50% 75%

MENTAL HEALTH
75% 50%
Positive
5% 40%
50%
30%
Negative No impact 20%

25%
43% 52% 10%
%36
%74
%25
%23
%83
%93
0% 0%
y
te
er
P
nc
tu
at
/V
ra
ag
ar
ci
lta
or
po
an
so
St
ct
su
or
M
As
ire
on
D
C
GLOBAL OPPORTUNITIES
MOVEMEON IS WORLDWIDE
W e s upport sta r t u p s , s c a l e u p s , c o r p o r a t e s , P E / V C f i r m s a n d
c o n s ultancies to h i r e a l l a r o u nd t h e g l o b e . H e a d t o w w w .movemeon . c o m
to f ind out more a n d v i s i t u s on w w w .payspectiv e . c o m fo r more insight s
a n d benchmarks a r o u n d p a y a n d w o r k .
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MOVEMEON payspective

STRATEGIC & COMMERCIAL PROFESSIONALS

CONTENTS MOVEMEON payspective

2021 WORK & PAY REPORT

11. W H A T DRIVES J O B H A P PINESS?

12. W H O 'S H A P PIEST?

15. G E N DER PAY G A P

20-21. D E E P DIVE: FRA N C E

22-23. D E E P DIVE: GER M A N Y , A U S T R I A , S W I T Z E R L A N D ( D A C H )

24-25. D E E P DIVE: AUS T R A L I A / N E W Z E A L A N D

26. G L O BAL OPPOR T U N I T I E S

Acknowledging the immense importance of answering these questions in a data-

If you would like to speak to us regarding the information in this report, or

All the best,

Richard Rosser & Nick Patterson

24% 33% 57%

ABOUT US AND OUR DATASET

OUR VISION AND AIMS WITH PAYSPECTIVE

WHO'S HIRED THROUGH MOVEMEON?

and many more... see the full list here

Overall, leaving Consulting has a small but positive influence on your

Total compensation, progression by seniority (industry vs consulting)

McKinsey, Bain, BCG

Total compensation, progression by consulting background

PE/VC employees command the highest total compensation across all

Associate Manager Director

Total compensation (basic, bonus, shares, pension, dividends and other)

The large number of hours worked make Consulting the lowest-paid

Associate Manager Director

£125 £125 £125

£25 £25 £25

AVERAGE SALARY BY SENIORITY

Average basic salary by seniority in GBP

Corporate Consultancy Startup PE/VC

Total compensation breakdown by industry

2020 PAY RISES

59% 68% 58% 76% 45% 58% 74% 50%

Percentage of pay rise by Industry

PERCENTAGE OF COMPANIES WHO RECEIVED

Hours worked by industry

PRE- VS. POST-PANDEMIC

+2% +8% +4%

A l i kely interpret a t i o n i s t h a t o n t h e j u n i o r e n d o f t h e m a r k e t, projects are

On l i ne p l a t f o r m s l i k e m o v e m e o n . c o m Repeat business 23%

IMPACT OF COVID-19 ON Shorter

WHAT DRIVES JOB HAPPINESS?

LEAST HAPPY HAPPIEST

60h worked per week, but anything above

that has a serious, negative influence. 5.2

Over a l l h appiness by hours worked

This lack of a saturation effect may be

caused by the uncertainty that comes with

a global pandemic - a situation in which

Happiness with total compensation Happiness with working hours

01 6.3 6.6 6.8 10 01 5.5 7.4 7.6 10

£150k Hours per week

Contractual concerns about a new job

INFLUENCE CHANGE Fewer opportunities out there 8%

Perks (e.g. flexibility) 11%