June 20, 2013 // Franchising.com // New York, NY – More than half of beauty professionals state that they are dissatisfied with the rate of advancement in their careers, according to the 2013 Salary and Job Market Report by 24 Seven Inc., the fastest growing international search firm specializing in marketing, creative and digital talent. In fact, survey participants cite lack of a clear career path as the most significant issue keeping them up at night, and rank opportunity for advancement as the number one unfulfilled expectation in their current positions.
“Attracting and retaining top talent continues to be a significant challenge for the beauty industry,” said Celeste Gudas, president of 24 Seven Inc. “In this highly competitive market, the winning companies will be those that focus on cultivating the skills and careers of their employees, rewarding them with compelling compensation packages, and providing benefit offerings that are aligned with the changing needs and values of today’s talent base.”
The first annual study, co-sponsored by Cosmetic Executive Women (CEW), surveyed nearly 900 beauty professionals, ranging from the executive suite to the beauty counter and across categories including skin care, color cosmetics, fragrance, and retail.
“The groundbreaking findings from this report provide greater clarity on the different wants and needs across the multiple generations in our industry,” says Carlotta Jacobson, President of CEW. “It offers invaluable information on how to recruit and retain the best and the brightest talent as well as an understanding of the evolution of beauty job market, salary trends and the outlook for the future."
24 Seven Inc. surveyed almost 900 beauty professionals around the world. The survey examined the current state and prevailing attitudes of the employment market in the beauty industry and the impact of compensation and benefits on overall job satisfaction. Of those surveyed, 90 percent were female, 10 percent were male, and the median annual salary for the entire sample was $95,000; 47 percent of respondents worked for a company with over $500 million in sales and 76 percent were GenXers. Furthermore, 45 percent of those surveyed held Senior Executive/Management titles. Job functions of those surveyed included: Marketing/Creative; Sales; Production/Sourcing; Research & Development; Design & Technical; Store Level & Field; Planning & Merchandising; E-commerce; Corporate Retail; Operations & IT; Market Research; Advertising and Wholesale. For a copy of the 2013 Salary and Job Market Report, please visit www.24seventalent.com/2013salarysurvey.
As a strategic resource for talent management, 24 Seven Inc. helps creatively driven global brands identify, recruit and secure game changing talent. Our innovative approach combines global reach, industry expertise and market intelligence to deliver top performers that advance the unique business goals of our clients.
We are the go-to talent source supporting the world’s top teams in Fashion, Retail, Marketing, Advertising, Interactive/Digital, E-commerce, Design, Beauty, Events and Sports/Lifestyle. Our strategic recruiting professionals have either personally worked in or recruited exclusively for the industry practice they serve. Their hands-on experience makes them experts at perfectly matching candidates to clients. For more information, visit www.24seventalent.com.
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