Our clients, as HR professionals, know that good salary reports are the very foundational of effective, fair, and strategic salary reviews. They provide the data to set competitive pay, ensure internal equity, plan your budget wisely, and have credible, transparent conversations with employees.

In addition to the annual salary and bonus reports, Spinnaker’s Maritime HR Association provides information on pay and bonus projections budgeted by our maritime clients for the year ahead, allowing companies to accurately allocate salary and bonus budgets for 2026

Having analysed salary data for the last 20 years, Spinnaker’s Maritime HR Association are well versed in accurate reporting. The latest pay projections reports show that year on year, the forecasts have an average accuracy variance of just -0.11% and as a result they are seen as an essential part of the pay review process.

It’s interesting to see that the projected increase in pay by Spinnaker’s Maritime HR Association members is LESS than all industry projections in 63% of locations, BUT when mapped against inflation the situation is more rosy with Maritime HR Association members’ projected budget increases for 2026 are higher than corresponding 2025 Inflation rates in roughly 85% of locations.

When it comes to how the salary budget is allocated, it’s clearly not a one size fits all. When asked how it was allocated, ‘Based on Performance’ remains the primary reason. Unchanged from 2024.

Bonus payments remain a key part of remuneration packages in the maritime industry with 87% of companies paying bonuses to ALL eligible staff, regardless of performance, and 82% of companies saying that ALL employees were eligible for the company bonus scheme.

To find out more about the benchmarking that Spinnaker provide and to access the reports, please contact Helen McCaughran or Monique Turner in the business development team or visit our website.

Helen McCaughran
[email protected]
+44 (0)1702 481643

Monique Turner
[email protected]
+44 (0)1702 481637