22nd June 2010, 12:10 PM
I haven't commented to the IfA yet, mainly because I am not quite sure what they are asking....but I guess I will eventually.
One of the things I wil say (deliberately ignoring the obtuseness of all 4 posed questions) is that if the IFA were to recommend a single statement of salary advice to their RAO it would be that the minimum starting salary for a corporate IFA member (ie PIFA, AIFA, MIFA) should be the ?18090 pa and that this should increase beyond inflation until parity with comparable professions is reached. I know that would please a lot of PIFA members but also many AIFA and MIFA members as well (who would be happy to receive that salary compared to what they get now). I think the higher levels of pay within an organisation will sort themself out providing the minimum level of pay for a corporate member is set at a reasonable level. It would also I guess make the situation much easier for advertisers to BAJR as well - In advising the payment of a minimum 'corporate' salary I would scrap the IfA levels on other pay grades (which after all are largely superfluous - do you get paid that salary as a result of your IfA membership level or as a result of the work you do?) - remembering that many IfA members quite often undertake work below their level of 'IfA competence' for both strategic and personal reasons....
One of the things I wil say (deliberately ignoring the obtuseness of all 4 posed questions) is that if the IFA were to recommend a single statement of salary advice to their RAO it would be that the minimum starting salary for a corporate IFA member (ie PIFA, AIFA, MIFA) should be the ?18090 pa and that this should increase beyond inflation until parity with comparable professions is reached. I know that would please a lot of PIFA members but also many AIFA and MIFA members as well (who would be happy to receive that salary compared to what they get now). I think the higher levels of pay within an organisation will sort themself out providing the minimum level of pay for a corporate member is set at a reasonable level. It would also I guess make the situation much easier for advertisers to BAJR as well - In advising the payment of a minimum 'corporate' salary I would scrap the IfA levels on other pay grades (which after all are largely superfluous - do you get paid that salary as a result of your IfA membership level or as a result of the work you do?) - remembering that many IfA members quite often undertake work below their level of 'IfA competence' for both strategic and personal reasons....
With peace and consolation hath dismist, And calm of mind all passion spent...