The focus in this year’s salary guide and trends is on proving the value of marketing.
Marketing is often overlooked as a revenue generating function and can be misunderstood when it comes to return on investment (ROI) and justifying its value for a business’s goals and strategies.
Read our full guide to delve into the main drivers for marketing professionals changing roles and compare changes in salary, bonuses and benefits across a number of sectors.
You can also read about the greatest challenges marketing functions face when it comes to tracking ROI, and how upskilling and recruiting could help you face those challenges when it comes to proving the value of your function.
In our recent survey, we discovered an intriguingly balanced perspective: half of respondents believe their marketing function is seen as a cost centre while the remaining 50% feel recognised as a revenue generator.
The economic climate is driving more scrutiny over budgets for businesses and many marketing functions will be feeling the pressure when it comes to proving their value and achieving sign-off for growing or upskilling their teams.
We all know that 2022 saw a boom in the job market as professionals chose to change employers post-pandemic but now we face economic uncertainty.
What people want from their marketing roles
A quarter of our respondents changed roles in the last six months with just 11% staying in roles between five and ten years. We asked our respondents across all specialisms what drove them to change roles to find out why. It’s no surprise that salary was the main driver. We’re seeing candidates make decisions to explore new opportunities to increase their total compensation.
Proving the value of marketing
It was positive to see nearly half of our respondents track the ROI of their marketing activities. 6% are unsure if they do and 23% don’t at all, but it’s promising that a quarter are working on this.