A global pay survey finds the highest finance, marketing, and HR director salaries are in the U.S., followed by the U.K., with the best "bargains" found in India.
Global companies looking to cut costs by basing more finance, marketing, and HR directors overseas may gain some support from a new survey from Mercer Human Resource Consulting.
The 15-country Mercer survey, not surprisingly, shows U.S.-based executives in those fields earning the highest salaries. But it finds that finance and marketing directors are paid five times more than their counterparts in India, with HR directors earning more than four times as much.
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"Compensation has long been driven by such factors as historic pay levels, size of economy and competition for talent," notes Steve Gross, global leader of broad-based rewards for Mercer. "As companies become more globally mobile and can shift some jobs to lower-cost locations, these new considerations will have a big impact on pay levels among countries."
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