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Benchmarking Shipping Salaries in 2024 – What our clients say

Did you know that every year over 100 companies participate in Spinnakers’ Maritime HR Association salary and bonus survey of shore-side shipping jobs?

The survey represents over 50,000 employees working in the maritime sector globally, and in roles such as Technical Superintendent, Operations Manager, and Head of Chartering.

Spinnaker have been benchmarking shore-side salaries since 2005 and participants include some of the biggest ship owners, ship managers, and oil majors globally.

Francesco Rotundo, Group HR Director at d’Amico Shipping Group said about the survey, “The Spinnaker benchmarks are the only ones relevant to me, due to the wide panel of companies involved.”

There is no other salary benchmarking provider in the market with such targeted and relevant benchmarking data available.

Data collection is currently underway for the 2024 survey with final reports being made available in October.

Salary benchmarking is a way for businesses to compare their pay and benefits with those of their competitors and has many benefits.

Mary McDermott, Head of HR at Navigator Gas tells us that “The Spinnaker reports inform our annual salary review and ensure we remain competitive within the industry at every career level. Such extensive maritime-specific data is not available from any other source. The reports are easy to understand and the Spinnaker team are always on-hand for any queries.”

Stolt-Nielsen are one of the original members and have been participants in the survey since 2007. Donna Price, Global HR Business Partner said that “The benchmarking reports are a good sanity check and give good insights into the shipping industry.”

The importance of salary benchmarking is known amongst HR teams as helping to attract top talent with competitive packages and improving retention by reducing the risk of losing employees to competitors with more attractive packages.

If you’re interested in taking part in the 2024 survey then please contact the team via email and you can find out more on the website.

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