This is a YouTube video titled "The Truth Behind Salary Surveys What You Need to Know" containing a monologue by Mike Richards recorded in January 2025. Mike Richards discusses the authenticity and reliability of salary surveys, emphasizing the value of real data from treasury professionals compared to other less accurate surveys.
A lot of people will be getting their pay reviews. So we're doing our salary survey and I can't believe it. We've got 1261. I yeah, I can't believe it. For the latest salary survey we're going to do for January. So that's where we're going to do snapshot. In fact, I think we'll get more people over the weekend. So we're going to approach that 1300 and more than half of you have actually recently updated your salaries in the past month. So we keep it up to date as well. And it's not some BS survey. I've seen two other salary surveys come out just past week or so. Yeah, they're not worth the paper they're written on. Please don't write them on paper. It's just a waste. I know what I do with that piece of paper. What I mean by that is telling me that a group Treasurer of a FTSE 100, if you are one, don't worry, we know what your average salary is and we're not going to tell you that your salary is, is between 80,000. Yes, 80,000 and 120,000. No, no, no, no, that's not right. That's not true. Oh, gets me get off my high horse now. No, our survey is from you guys is from real treasury professionals. It's not finger in the air. That's what I had to do when I worked for another recruitment company. I was asked by my boss, came across my desk, said, look, Treasure Analyst. Yeah, yeah. What's the lowest paid one? I went, well, this, 30,000 or whatever at the time. What's the highest paid one? 70. 70, something like that. Great. That's our range. No, that's just two people I know. No, no, that's our range and we're average. What do you think? And I gave a number. Oh, that will go in the survey. Just write it. You fill out the rest of these boxes, you know, roughly. But it's not real. And to this day I remember it burnt on my mind and I'm going, is that really what you do with your book of your salary survey? Yes, that's what we do. And that's what a lot of other companies, reputable companies, do. This or the other thing they do is they sometimes scrape LinkedIn and other websites and say, oh, it's advertised for an average salary between this and this. Does it usually end up at the average? No. So it's just made. Ours isn't, ours is real. It's you guys taking part. So 1261 so far. Thank you very much.
