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TICS COMPENSATION STUDY

LLS STUDY COMPENS


STUDY 2022 GU
SATION COLOMBIA STUDY
INDEX
2022 a year for recovery ........................................... 3

About PageGroup .................................................... 6

Reinventing work and talent from flexibility, digital


transformation and retention ....................................... 7

Work flexibility, search for balance.


Digital transformation and collaboration, the emphasis of
organizations.
Talent drain and its ‘contagion effect’.

Michael Page Compensation 2022................................ 16


Study Methodology

Contact information................................................. 53

RECOVERY
TALENT
COMPENSATION
FLEXIBILITY 2
2022 A YEAR FOR RECOVERY

2022 is a year of presidential elections, economic


recovery and International political competition. So,
we know we face a challenging year. The behaviour of
the labour market, recruitments, and the movement of
talent within organizations will energize at the pace of
the volatility marked by the current scenario. However,
we look forward to a year of growth and consolidation in
Colombia as a relevant player within the region in terms
of labour competitiveness, in line with the economic
projections of the World Bank, which forecasts a 4,3%
growth of the Colombian Economy or 5.5% estimated
by the Organization for Economic Cooperation and
Development (OCDE, by its acronym in Spanish).
We are optimistic about employment opportunities that
will be created and the new demands for profiles that are
already beginning to emerge.
.

In terms of the hiring behaviour we experienced last year, the areas which were more active in the
demand for talent were Technology, Finance, Healthcare, Oil & Gas and Logistics. For 2022 we
expect it to be very similar, since these industries are playing a leading role in the reactivation of
the economy, driving the demand for specialized professionals at a steady pace.

This is also the perception of 58% of our surveyed clients for this new issue of our compensation study. They assure
that for 2022 they expect to increase their number of employees in their structures as follows: 60% expects an
increase of 1 to 10%, 23,4% from 11 to 20% and 19% a 21% growth or more.
On the other hand, it is key to mention the behaviour of the main sectors we attended last year in terms of gender
equality. A topic that is becoming more and more relevant in the business agenda and its competitiveness models,
since it has been proved that productivity increases when diverse teams are consolidated with a balance of men and
women.
Although we continue to see predominantly male sectors such as Technology and Engineering part of this is due to
a lack of female talent in these areas. For example, Technology is an issue that begins at university, since only 2 out
of 10 STEM majors are women, which makes it difficult to make it equal between genders to cover the demand of IT
positions.

Compensation Study Michael Page Colombia 2022 3


MARKET OVERVIEW

POSITIONS, BY SECTOR, CLOSING IN 2021 AND OCCUPIED BY WOMEN:

45% 25% 40%


FINANCE ENGINEERING AGROINDUSTRY

63% 54% 17%


PROPERTY &
HR CONSTRUCTION TECHNOLOGY

55% 56% 37%


LEGAL LOGISTICS SALES & MARKETING

30% 56% 72%


BANKING & FINANCIAL OIL & GAS HEALTHCARE
SERVICES

Another crucial aspect for 2022 in the labour market


will be the active role that organizations should take
BILINGUAL POPULATION
into account in the training of professionals that they
require. 649.662
Bogotá
87.704
In this sense, this issue is of great relevance, since 339.355
business development is advancing at a dramatic Medellín
pace which is difficult for educational institutions 45.812
to keep up with. Therefore, human resources areas 330.249
must focus in creating training programs that will Cali
give professionals the tools to obtain knowledge and 44.583
abilities required by the context in which we manage.
113.783
Barranquilla
Bilingual talent in Colombia is scarce, not many 18.060
profiles with a second language knowledge.
Availability of bilingual talent in English is of 13.50% Considering this, employers must pay special attention
in the main cities of Bogotá, Medellín, Barranquilla, to the importance of compensation for employees
and Cali considering the working population (21 to 60 through professional development initiatives, and
years). This demonstrates the need to promote talent labour flexibility, which are not necessarily significant
to be competitive. investments of economic resources.

Compensation Study Michael Page Colombia 2022 4


2022 WILL FOCUS THE ATTENTION OF BUSINESS LEADERS ON
4 KEY POINTS
Boosting employee engagement and Investing in digital transformation to
motivation drive efficiency

Reactivating revenue generation Creating flexible and remote working


policies

This way organizations are establishing long term


strategies about issues that will set the agenda for
this and the next few years. Remote and flexible
work occupy the first place with 49.1% followed by
digital transformation with 45,4%, mental health and
wellbeing 24.4%, employee engagement 20.0% and
internal communcation 16.7%.

Businesses number one asset is always talent.


Therefore, 48,8% of our clients assure that they are
not planning restructuring within the company. Giving
priority to professional continuity since almost half of
the surveyed businesses consider their collaborators’
development plans will not be affected nor postponed.

Finally, employers within their plans to attract the


best professionals estimate an increase in average
compensation for 2022 for new hirings mainly of 1 to
5%, of 40.2% and 6 to 10% of 34.4%.

We expect that this new issue will help you establish


business strategies focused on the reality we are
facing, where technology, talent drain, economic
recovery and hybrid models gain traction as
essential factors to comply with the objectives of the
organization.

Beltrán Benjumea
Managing Director PageGroup Colombia & Central America

Compensation Study Michael Page Colombia 2022 5


ABOUT PAGEGROUP

PageGroup is a leading international


company specialized in talent hunting
and selection, from middle managers to
managers with temporary or permanent
contracts, given its brands: Michael Page,
Page Personnel, Page Executive, Page
Outsourcing and Page Interim.

Founded in 1976 in the United Kingdom,


PageGroup has been listed on the London
Stock Exchange since 2001. It currently
has more than 7,500 collaborators
worldwide and is present in 37 countries.

At PageGroup we believe in diversity and


inclusion. We defend equal opportunities
without discrimination based on gender,
race, age, religion or sexual orientation
or for any other aspects that could be
considered exclusionary.

Total : 55,535

Compensation Study Michael Page Colombia 2022 6


Reinventing work and talent from
flexibility, digital transformation
and retention

Compensation Study Michael Page Colombia 2022 7


SURVEY PROFILE

For this new edition we surveyed more than


3.000 clients and candidates to gain an in-
depth understanding of their perspective on the
transformations that are here to stay, motivations,
investments and other factors concerning the labour
market and their reinvention after the pandemic.
We hope this information is useful, the following are
the main findings:

Profile of respondents by generation:

46,2% 43,5%
GENERATION Y GENERATION X

6,1% 3,9%
BABY BOOMERS GENERATION Z

Position of our respondents:

36,6% 32,5%
Analyst positions, Middle management
Apecialist or Coordinator (Managers).

26,4% 26,4%
Assistant Manager, C-Level Position.
Manager or Vice-President

Current employment status:

78,6% 1,9%
Full Part
time job time job

6,6% 12,9%
Freelance Unemployed and
job in active search

Compensation Study Michael Page Colombia 2022 8


Market overview
WORK FLEXIBILITY, SEARCH FOR BALANCE
If there is something we can be sure of is that working comfortable working environment. The loss of any of the
eight hours five days a week is gone forever. While above can cause a decrease in productivity.
people want to be able to manage their time and not
be tied to a physical workstation, they also want to be
able to interact with their colleagues. Hence, 45.2% of
our respondents say that the ideal model is one that
HOW IS PRODUCTIVITY CONCEIVED
offers a balance between working at home and in the FROM FLEXIBILITY?
office.
Working from home also requires strong technological
support, self-discipline, and a

PERSPECTIVES ABOUT WORK


FLEXIBILITY

12,8%

27,7%

7,0%
6,0%

from home 27./%.


• I prefer to work from home as much as
possible 12.8%
• Because of the nature of my job, I have to be
in the same physical place 7%

possible 6%

When professionals are forced to work 100%


remotely, 1 in 5 say they feel less productive. Previous
studies suggest that working from home actually
makes professionals better at administrative tasks,
however they mentioned that they have greater
challenges with collaborative work.

Compensation Study Michael Page Colombia 2022 9


If we analyse generations, we see that in younger From our findings it is clear that there is no one-size-
people the impact of work flexibility on productivity is fits-all workplace, as each talent has different ways
even greater: among millennials or generation Y more of establishing the best ways to accomplish tasks.
than 50% consider themselves to be more productive Therefore, it is key for organizations to recognize that
with a remote or flexible scheme, while between baby flexible work must be tailored to individuals, and as
boomers 46% consider themselves equally productive. such, establishing a clear definition of flexible work
is the first step in promoting levels on motivation,
performance, and commitment of employees.
From the perspective of organizations, productivity
management has become a crucial issue.

How can we measure that employees are really FLEXIBLE WORK AGREEMENTS
complying with their objectives? As a result,
companies are investing money in tools that allow
PREFERRED BY EMPLOYEES
them to have control over the performance of their
Same amount of hours,
38.8%
employees, and yes, we are facing an area where
compliance becomes the main issue beyond the time same working days but
spent to achieve it. Thus, companies are monitoring flexible when choosing
productivity in the following ways: schedules.

39,1%
Weekly results report
34.5% Completely flexible at your
discretion.

32,4% 17.0%
Compressed week (4 days
a week, but with more
Trusting employees’ workload.
autonomy

29,8% 9.8% Fixed Schedule clocking in


and out on working days.
Monthly results report

24,1%
Through video calls
in all the meetings

15,4% 7,7% 6,2%


Doing daily updates Installing a monitoring Revising the time taken on
with managers/supervisors software tasks through spreadsheet

Compensation Study Michael Page Colombia 2022 10


DIGITAL TRANSFORMATION AND COLABORATION THE FOCUS
OF ORGANIZATIONS
Digital transformation went from being a buzzword
to a top priority for companies across industries and
markets. Our survey found that as communication and
operations migrated online at an accelerated pace,
most companies found ways to adapt quickly to these
new ways of working. Effectiveness was impacted,
at least in the short term, by some challenges in
execution due to skills gap and lack of training.

Compensation Study Michael Page Colombia 2022 11


60% of clients surveyed say that by 2022 they will acquiring and developing talent to satisfy the needs
significantly increase investment in digital / technology of the company (45.2%) focusing on their employees’
/ tools within their companies, that is 6 out of 10 health and wellbeing (26.2%) and increasing
companies have these items as a priority for this year, communication flow and transparency (19%).
where the options that stand out are:

46,3% Technological transformation benefits


Collaborative software.
companies since it reduces costs and time,
41,2% in addition to modifying processes that make
CRM tools (Customer life easier to consumers, although for us its
relationship management)
greatest value is the information it brings with

33,8% it and how it can be used to the benefit of the


company.
Cloud storage

28,7% explains Daniel Camacho, IT Director, Digital &


eCommerce Michael Page.


Communication tools

21,3%
Project Management
TALENT DRAIN AND ITS
18,9% ‘CONTAGION EFFECT’
Internet platforms

14,6%
The reality is that the pandemic has placed the
retention strategies of companies around the world
Tools related to Human Resources in a tight spot. Today, 6 out of 10 employees are
analysing to change jobs. This high turnover could be
11,6% linked to factors such as the search for better working
conditions or because people are exhausted in their
Digital accounting tools.
current positions.
8,2%
Tools for web personalization About 44.3% of our candidates surveyed are actively
looking for work, while 40.4% are open to hearing
6,4% about new opportunities, this is driven by a context in
which remote work adopted by various organizations
CMS Tools (Content
management systems) facilitates the search for options in other cities and
even countries. During the pandemic the supply of
All of these in line with the priority of companies remote work increased fivefold.
for this year, where 45.4% of customers said they
have established a long-term digital transformation
strategy, in addition to being focused on the
importance of reinforcing motivation and employee
commitment (51.1%), re-establishing revenue
generation, (50.4%).

Compensation Study Michael Page Colombia 2022 12


PREDICTING TALENT DRAIN THROUGH
TECHNOLOGY
In organizations the use of technology and data
analysis are vital to get to know their employees
better, both in terms of their interests and needs; and
to make the different processes better and easier.
It is not about resorting to technology to perform
operational and administrative management, but
to predict phenomena, make objective decisions
and evaluate in the best way, as well as to obtain
information in real time.

Contrary to what is believed, avoiding talent drain and


reducing turnover, beyond quantifying with a -formula
based on retirements, revenues, and assets -these
are not exclusive challenges for big companies, nor
those that have a great volume of people, because
depending on the type and size of the company or the
moment it is going through, its gaps or challenges are
different.

“Companies must never lose sight of the knowledge


of people, to know what they like, what moves them,
what drives them and above all, never stop confirming
and reconfirming with your people that what you
profess as organizational culture is really being
perceived.
Laura Franco, Human Resources Manager PageGroup


Colombia & Central America

Here those decisions based on information are key,


organizations must have first-hand information
and constantly evaluate the evolution of individual
characteristics because sometimes they only give
importance to the selection process, this without
doubt, can be predictors of a talent drain.

Compensation Study Michael Page Colombia 2022 13


CAN WE FIGHT TALENT DRAIN?

The world has changed forever and companies that


understand what workers are looking for will have
gained a huge advantage: talent retention. However,
it is key to abandon the idea of the old model of
work where employees lasted for years in the same
organization. Globalization, non-localization of jobs,
market competitiveness, and the wide range of
opportunities and other factors that have taken over
the world of work prevent us from returning to that
scenario. Today we seek to retain, but we know that
renewal will be constant and unstoppable.

Listening, is the key today. Knowing what talent is looking for to stay in their job or accept a new
one and learn what their priorities are. According to our candidates, the three most important
aspects to accept an employment are:

84% 48,4% 36,8%


Salary and Internal growth
Compensations opportunities

Compensation Study Michael Page Colombia 2022 14


OTHER KEY DECISION MAKERS FOR ACCEPTING A JOB
Keys for retention
Companies have implemented major plans to attract
1 out of 10
and retain talent, where competitive compensation Professionals are not expecting an increase in
and benefits packages lead the strategy with 41.3% salary to accept a new job offer.
followed by learning and development opportunities
(44.4%) work flexibility (39.7%) company reputation
SALARY EXPECTATIONS TO ACCEPT A
(28.2%) the creation of a dynamic organizational
culture (20.7%) and constant updating in technological NEW JOB IN 2022
matters (4.9%) among others.

34,7%

23,8%
Valuable work

20,8%
Organizational culture
• Increase of more than 20% with respect to

9,5%
Company’s reputation
the last or current salary 41.9%
• Increase between 6-10% with respect to
the last or current salary 16.0%
• Increase between 16-20% with respect to

6,5% the last or current salary 15.0%


• Increase between 11-15% with respect to
the last or current salary 14.0%
• Increase between 1-5% with respect to the

4,1%
Use of technology
last or current salary 6.6%

Compensation Study Michael Page Colombia 2022 15


TABLAS
COMPENSATION
ATIONSALARIALES

Compensation Study Michael Page Colombia 2022 16


STUDY
METHODOLOGY
Our Compensation Study 2022 is based on
information recolected from our network and


clients who belong to small, medium, big,
local and international companies.

The average ranges and salaries are expressed


Additionally, we added more than in millions of colombian pesos and do not

3,000
include any variable, stock options or other
benefits. Likewise, these can deviate depending
on experience and technical knowledge of
different profiles.
perspectives from professionals and
companies, giving us forecast on tendencies
of empleability this year present.
To get more information on any job position not
listed in this present document, get in touch
with your regular contact or send an email to:
ConectandoTalentos@michaelpage.com.co.
The positions listed below correspond to the
most demanded jobs we have worked on
during the last few years.

If you want to know more details or specific


data on any job position, our team of
consultants will pleasently help.
All of the wages represent Also, this compensation references can vary
the average value of the depending on the size of the company and the
employment market in trayectory of professionals.
Colombia and this salaries
are expressed in $COP.
The compensation is
composed of two different
values, a minimum and a
maximum, and correspond
to a basic monthly salary.

Compensation Study Michael Page Colombia 2022 17


AGROINDUSTRY

MARKET TRENDS

TOP 3 INDUSTRIES

TOP POSITIONS ON DEMAND


AGRICULTURAL
FLOWERS PALM TREES 1. COMMERCIAL MANAGER
SUPPLIES
2. MARKETING MANAGER

3. HEAD OF PRODUCTION
SKILLS
4. HEAD OF ZONE
1. STRATEGIC MANAGEMENT
5. COMMERCIAL TECHNICAL REPRESENTATIVE
2. LEADERSHIP

3. TECHNICAL KNOWLEDGE

4. FINANCIAL & ADMINISTRATIVE KNOWLEDGE

5. ASSERTIVE COMMUNICATION & NETWORKING

COMPENSATION
AGRICULTURAL SUPPLIES

No. Position Company Size Minimum Salary Maximum Salary

S $ 5.000.000 $ 8.000.000
1 Commercial Manager M $ 8.000.000 $ 13.000.000
B $ 13.000.000 $ 20.000.000
S $ 5.000.000 $ 8.000.000
2 Marketing Manager M $ 8.000.000 $ 13.000.000
B $ 13.000.000 $ 20.000.000
S $ 3.000.000 $ 5.000.000
3 Head of Zone M $ 5.000.000 $ 8.000.000
B $ 8.000.000 $ 10.000.000
S $ 1.500.000 $ 3.000.000
4 Commercial Technical Representative M $ 3.000.000 $ 6.000.000
B $ 6.000.000 $ 8.000.000

Compensation Study Michael Page Colombia 2022 18 18


AGROINDUSTRY

OTHER AGRICULTURAL PRODUCERS

No. Position Company Size Minimum Salary Maximum Salary

S $ 5.000.000 $ 8.000.000
1 Plantation Director M $ 8.000.000 $ 13.000.000
B $ 13.000.000 $ 20.000.000
S $ 5.000.000 $ 8.000.000
2 Extraction Plant Management M $ 8.000.000 $ 13.000.000
B $ 13.000.000 $ 20.000.000
S $ 2.500.000 $ 4.000.000
3 Agronomist M $ 4.000.000 $ 6.000.000
B $ 6.000.000 $ 9.000.000

FLOWERS

No. Position Company Size Minimum Salary Maximum Salary

S $ 5.000.000 $ 8.000.000
1 Commercial Manager M $ 8.000.000 $ 13.000.000
B $ 13.000.000 $ 18.000.000
S $ 5.000.000 $ 9.000.000
2 Production Management M $ 9.000.000 $ 14.000.000
B $ 14.000.000 $ 23.000.000
S $ 4.000.000 $ 5.000.000
3 Head of Area / Farm M $ 5.000.000 $ 6.000.000
B $ 6.000.000 $ 8.000.000
S $ 4.000.000 $ 6.000.000
4 Postharvest Head M $ 6.000.000 $ 8.000.000
B $ 8.000.000 $ 10.000.000
S $ 4.000.000 $ 6.000.000
5 Commercial Executive M $ 6.000.000 $ 8.000.000
B $ 8.000.000 $ 10.000.000

Compensation Study Michael Page Colombia 2022 19 19


AGROINDUSTRY

ANIMAL HEALTH AND NUTRITION / AGRICULTURE

No. Position Company Size Minimum Salary Maximum Salary

S $ 6.000.000 $ 9.000.000
1 Business Manager M $ 9.000.000 $ 15.000.000
B $ 15.000.000 $ 22.000.000
S $ 7.000.000 $ 9.000.000
2 Business Unit Manager M $ 9.000.000 $ 18.000.000
B $ 18.000.000 $ 25.000.000
S $ 4.500.000 $ 6.000.000
3 KAM M $ 6.000.000 $ 8.000.000
B $ 8.000.000 $ 13.000.000

Compensation Study Michael Page Colombia 2022 20 20


BANKING & FINANCIAL SERVICES

MARKET TRENDS

TOP INDUSTRIES
SALARY INCREASE
1. 15 %
2. 7%
BANKING /
FINTECH
RETAIL

TOP POSITIONS ON DEMAND


1. RISK SKILLS
2. CREDIT 1. ADAPTABILITY
3. COMMERCIAL 2. AUTONOMY

COMPENSATION

BANKING & FINANCIAL SERVICES

No. Position Minimum Salary Maximum Salary

1 Operations Manager / Director $ 15.000.000 $ 18.000.000

2 Commercial Banking Manager $ 13.000.000 $ 16.000.000

3 Risk & Credit Director $ 15.000.000 $ 20.000.000

4 Investment Analyst $ 4.000.000 $ 7.000.000

5 Investment Associate $ 8.000.000 $ 15.000.000

6 Investment Banking Direction $ 16.000.000 $ 25.000.000

7 New Business Development Manager $ 15.000.000 $ 18.000.000

8 Channel Manager $ 13.000.000 $ 17.000.000

Compensation Study Michael Page Colombia 2022 21 21


MASS CONSUMPTION & RETAIL
MARKET TRENDS

TOP 3 INDUSTRIES

TOP POSITIONS ON DEMAND


HOME FOOD & HOME & PERSONAL
APPLIANCES BEVERAGES CARE 1. MARKETING MANAGER

SKILLS 2. SALES MANAGER

1. 3. BRAND MANAGER
ADAPTABILITY

2. 4. TRADE MARKETERS
FLEXIBILITY
5. KEY ACCOUNT MANAGER
3. LEADERSHIP

4. TEAMWORK

5. PLANIFICATION AND ORGANIZATION

COMPENSATION
MASS CONSUMPTION

No. Position Company Size Minimum Salary Maximum Salary

S $ 8.000.000 $ 13.000.000
1 Commercial Manager M $ 13.000.000 $ 25.000.000
B $ 25.000.000 $ 40.000.000
S $ 8.000.000 $ 13.000.000
2 Marketing Manager M $ 13.000.000 $ 25.000.000
B $ 25.000.000 $ 40.000.000
S $ 9.000.000 $ 13.000.000
3 Category Manager / Head M $ 13.000.000 $ 20.000.000
B $ 20.000.000 $ 30.000.000
S $ 6.000.000 $ 10.000.000
4 Brand Manager / Head M $ 10.000.000 $ 14.000.000
B $ 14.000.000 $ 18.000.000
S $ 4.000.000 $ 8.000.000
5 Trade Marketing Manager / Head M $ 8.000.000 $ 13.000.000
B $ 13.000.000 $ 20.000.000
S $ 4.000.000 $ 8.000.000
6 KAM M $ 8.000.000 $ 13.000.000
B $ 13.000.000 $ 16.000.000
S $ 3.000.000 $ 5.000.000
7 Sales Executive M $ 5.000.000 $ 7.000.000
B $ 7.000.000 $ 9.000.000

Compensation Study Michael Page Colombia 2022 22 22


MASS CONSUMPTION & RETAIL

RETAIL

No. Position Company Size Minimum Salary Maximum Salary

S $ 11.000.000 $ 18.000.000
1 Commercial Manager M $ 18.000.000 $ 28.000.000
B $ 28.000.000 $ 45.000.000
S $ 11.000.000 $ 18.000.000
2 Marketing Manager M $ 18.000.000 $ 28.000.000
B $ 28.000.000 $ 45.000.000
S $ 8.000.000 $ 15.000.000
3 Operations Manager M $ 15.000.000 $ 25.000.000
B $ 25.000.000 $ 40.000.000
S $ 7.000.000 $ 9.000.000
4 Product Manager M $ 9.000.000 $ 13.000.000
B $ 13.000.000 $ 18.000.000
S $ 7.000.000 $ 9.000.000
5 Category Manager M $ 9.000.000 $ 13.000.000
B $ 13.000.000 $ 18.000.000
S $ 8.000.000 $ 13.000.000
6 Expansion Manager / Head M $ 13.000.000 $ 18.000.000
B $ 18.000.000 $ 25.000.000
S $ 4.000.000 $ 6.000.000
7 Store / Area Manager M $ 6.000.000 $ 8.000.000
B $ 8.000.000 $ 12.000.000

Compensation Study Michael Page Colombia 2022 23 23


ENERGY

MARKET TRENDS

TOP 3 INDUSTRIES SALARY INCREASE


PER INDUSTRY
1. RENEWABLE ENERGY

2. CONVENTIONAL ENERGY

RENEWABLE CONVENTIONAL
EQUIPMENT 3. EQUIPMENT
ENERGY ENERGY

TOP POSITIONS ON DEMAND SKILLS


1. PROJECT MANAGER 1. KNOWLEDGE IN RENEWABLE ENERGY

2. SITE MANAGER 2. NEGOTIATION

3. BUSINESS MANAGER 3. PROJECT MANAGEMENT

4. PROJECT DEVELOPER 4. REGULATORY KNOWLEDGE

5. BUSINESS DEVELOPMENT MANAGER 5. TENDER MANAGEMENT

COMPENSATION

No. Position Minimum Salary Maximum Salary

1 Photovoltaic Lead $ 20.000.000 $ 23.000.000

2 Energy KAM $ 10.000.000 $ 14.000.000

3 Business Developer Manager $ 18.000.000 $ 23.000.000

4 Project Manager $ 18.000.000 $ 25.000.000

5 Environmental & Permitting Coordinator $ 18.000.000 $ 23.000.000

Development & Construction


6 $ 18.000.000 $ 25.000.000
Project Manager

7 Energy Commercialization Manager $ 15.000.000 $ 20.000.000

8 Sustainability Manager $ 17.000.000 $ 20.000.000

9 Energy Regulation Manager $ 18.000.000 $ 23.000.000

10 Loss Control Manager $ 23.000.000 $ 27.000.000

Compensation Study Michael Page Colombia 2022 24 24


FINANCE & ACCOUNTING

MARKET TRENDS

TOP 3 INDUSTRIES SALARY INCREASE


PER INDUSTRY
1. IT

2. HEALTHCARE

TECHNOLOGY OIL & GAS HEALTHCARE 3. BUSINESS PROJECT OUTSOURCING (BPO)

TOP POSITIONS ON DEMAND SKILLS


1. CONTROLLER 1. ADAPTABILITY

2. CHIEF FINANCIAL OFFICER (CFO) 2. CREATIVE THINKING

3. BILINGUAL ACCOUNTANT 3. TEAMWORK

4. BILINGUAL ACCOUNTING MANAGER 4. COMMUNICATION & NETWORKING

5. BILINGUAL TAX MANAGER 5. RESILIENCE

COMPENSATION
No. Position Minimum Salary Maximum Salary

1 Accounting Controller $ 13.000.000 $ 23.000.000

2 Business Controller (FP&A) $ 13.000.000 $ 25.000.000

3 CFO $ 22.000.000 $ 60.000.000

4 Finance & Administrative Manager $ 14.000.000 $ 35.000.000

5 Finance & Administrative Head $ 8.000.000 $ 13.000.000

6 Credit and Portfolio Manager $ 10.000.000 $ 15.000.000

General Accountant /
7 $ 13.000.000 $ 19.000.000
Accounting Manager (Bilingual)

8 Accounting Manager $ 6.000.000 $ 13.000.000

9 Senior Bilingual Accountant $ 6.000.000 $ 9.000.000

Compensation Study Michael Page Colombia 2022 25 25


FINANCE & ACCOUNTING

No. Position Minimum Salary Maximum Salary

10 Tax Manager / Director (Bilingual) $ 14.000.000 $ 18.000.000

Senior Accountant Tax Specialist / Tax


11 $ 9.000.000 $ 13.000.000
Leader (Bilingual)

12 Treasury Director / Manager $ 11.000.000 $ 24.000.000

Treasury Lead / Specialist / Coordinator


13 $ 8.000.000 $ 12.000.000
(Bilingual)
FP&A Lead / Specialist / Coordinator
14 $ 8.000.000 $ 13.000.000
(Bilingual)

15 FP&A Manager / Direction $ 13.000.000 $ 25.000.000

16 Internal Audit Lead / Internal Auditor $ 6.000.000 $ 25.000.000

17 Internal Audit Manager / Director $ 9.000.000 $ 25.000.000

18 Credit and Portfolio Lead / Coordinator $ 6.000.000 $ 9.000.000

19 Finance Manager / Finance Controller $ 13.000.000 $ 30.000.000

Compensation Study Michael Page Colombia 2022 26 26


HEALTHCARE & LIFE SCIENCES | MEDICAL DEVICES

MARKET TRENDS

TOP 3 INDUSTRIES
SALARY INCREASE
PER INDUSTRY
MEDICAL EQUIPMENT MEDICAL EQUIPMENTS MEDICAL 1. INCREASE ACCORDING TO % IPC
MANUFACTURERS DISTRIBUTOR DEVICES

TOP POSITIONS ON DEMAND SKILLS


1. KEY ACCOUNT MANAGER 1. TECHNICAL PRODUCT KNOWLEDGE

2. PRODUCT SPECIALIST 2. HEALTHCARE MARKET KNOWLEDGE

3. BUSINESS MANAGER 3. COMMUNICATION & NETWORKING

4. MARKETING MANAGER 4. NEGOTIATION

5. SPECIALIST IN REGULATORY AFFAIRS

COMPENSATION
No. Position Minimum Salary Maximum Salary

1 Marketing Manager $ 16.000.000 $ 25.000.000

2 Business Manager $ 16.000.000 $ 25.000.000

3 Distributor Manager $ 13.000.000 $ 17.000.000

4 Product Specialist / Applications $ 6.000.000 $ 10.000.000

5 Key Account Manager $ 8.000.000 $ 12.000.000

6 Business Unit Manager $ 20.000.000 $ 30.000.000

7 Service Manager $ 12.500.000 $ 15.000.000

8 Sales Representative $ 4.000.000 $ 7.000.000

Regulatory Affairs
9 $ 7.000.000 $ 9.500.000
Coordinator / Specialist

10 Regulatory Affairs Manager $ 14.000.000 $ 17.000.000

11 Business Development Manager $ 15.000.000 $ 20.000.000

12 Line Manager $ 17.000.000 $ 23.000.000

Compensation Study Michael Page Colombia 2022 27 27


HEALTHCARE & LIFE SCIENCES | PHARMACEUTICAL INDUSTRY

MARKET TRENDS

TOP 3 INDUSTRIES
SALARY INCREASE
PER INDUSTRY
1. INCREASE ACCORDING TO % IPC
BIG PHARMA,
HIGH COST
INNOVATIVE
LINES
& BIOLOGICAL

TOP POSITIONS ON DEMAND SKILLS


1. ACCESS MANAGER / DIRECTOR 1. ADAPTABILITY

2. PRODUCT MANAGER 2. BUPA ENVIRONMENT MANAGEMENT

3. MEDICAL MANAGER 3. TEAMWORK

4. BUSINESS MANAGER 4. INSPIRING LEADERSHIP

5. REGULATORY AFFAIRS MANAGER 5. STRATEGIC THINKING

COMPENSATION
No. Position Minimum Salary Maximum Salary

1 Access Manager / Director $ 25.000.000 $ 30.000.000

2 Marketing Manager $ 22.000.000 $ 27.000.000

3 Line Manager / Product Manager $ 18.000.000 $ 22.000.000

4 Business Manager / Director $ 22.000.000 $ 28.000.000

5 Regulatory Affairs Specialist $ 13.000.000 $ 16.000.000

Patient Support Program Manager/ Patient


6 $ 15.000.000 $ 18.000.000
Advocacy Manager

7 Medical Director $ 24.000.000 $ 30.000.000

8 Medical Manager $ 20.000.000 $ 25.000.000

9 Medical Science Liaison $ 13.000.000 $ 18.000.000

10 Promotion Manager $ 16.000.000 $ 20.000.000

11 District Manager / Regional Manager $ 12.000.000 $ 14.000.000

12 Business Developer Manager $ 18.000.000 $ 23.000.000

Compensation Study Michael Page Colombia 2022 28 28


HEALTHCARE & LIFE SCIENCES | PHARMACEUTICAL INDUSTRY

No. Position Minimum Salary Maximum Salary

13 Regulatory Affairs Manager $ 19.000.000 $ 25.000.000

14 Technical, Regulatory & Quality Director $ 14.000.000 $ 20.000.000

15 Value Proposition Manager $ 18.000.000 $ 22.000.000

16 Pricing and Health Economics Manager $ 15.000.000 $ 22.000.000

17 Access KAM $ 9.000.000 $ 13.000.000

18 Commercial KAM $ 7.000.000 $ 9.000.000

19 Trade KAM $ 6.000.000 $ 8.000.000

20 Business Intelligence Manager $ 12.000.000 $ 18.000.000

Compensation Study Michael Page Colombia 2022 29 29


INDUSTRY | INDUSTRIAL EQUIPMENT

MARKET TRENDS
TOP 3 INDUSTRIES

TOP POSITIONS ON DEMAND


PUMPS AND ROTARY COMPRESSORS 1. BUSINESS MANAGER
VALVES EQUIPMENT & BOHILERS
2. BUSINESS DEVELOPER MANAGER
SKILLS
3. KAM
1. BILINGUALISM
4. SENIOR SALES ENGINEER
2. BUSINESS ABILITIES 5. APPLICATION ENGINEER
3. STRATEGIC PLANNING

4. CUSTOMER SERVICE

5. NEGOTIATION

COMPENSATION
INDUSTRIAL & PRECISION EQUIPMENT

No. Position Company Size Minimum Salary Maximum Salary

S $ 2.000.000 $ 4.000.000
1 Application Engineer M $ 4.000.000 $ 5.000.000
B $ 5.000.000 $ 7.000.000
S $ 3.000.000 $ 5.000.000
2 Sales Engineer M $ 5.000.000 $ 6.000.000
B $ 6.000.000 $ 7.000.000
S $ 4.000.000 $ 6.000.000
3 Senior Sales Engineer M $ 6.000.000 $ 8.000.000
B $ 8.000.000 $ 10.000.000
S $ 5.000.000 $ 7.000.000
4 KAM M $ 7.000.000 $ 9.000.000
B $ 9.000.000 $ 12.000.000
S $ 7.000.000 $ 14.000.000
5 Business Manager M $ 14.000.000 $ 19.000.000
B $ 19.000.000 $ 23.000.000
S $ 4.000.000 $ 7.000.000
6 Product Manager M $ 7.000.000 $ 9.000.000
B $ 9.000.000 $ 13.000.000
S $ 7.000.000 $ 14.000.000
7 Business Development Manager M $ 14.000.000 $ 19.000.000
B $ 19.000.000 $ 28.000.000

Compensation Study Michael Page Colombia 2022 30 30


INDUSTRY | CONSTRUCTION MATERIALS

MARKET TRENDS
TOP 3 INDUSTRIES

TOP POSITIONS ON DEMAND


ARCHITECTURAL CEMENT AND CHEMICALS FOR
FINISHES AGGREGATE CONSTRUCTION
1. BUSINESS MANAGER

2. BUSINESS DEVELOPER MANAGER


SKILLS 3. KAM
1. AUTONOMY 4. SENIOR SALES ENGINEER
2. BUSINESS DEVELOPMENT 5. APPLICATION ENGINEER
3. ENTREPRENEUR THINKING

4. LEADERSHIP

5. STRATEGIC THINKING

COMPENSATION
CONSTRUCTION MATERIALS

No. Position Company Size Minimum Salary Maximum Salary

S $ 4.000.000 $ 5.000.000
1 Sales Engineer M $ 5.000.000 $ 6.000.000
B $ 6.000.000 $ 7.000.000
S $ 5.500.000 $ 7.500.000
2 Senior Sales Engineer M $ 7.500.000 $ 9.000.000
B $ 9.000.000 $ 12.000.000
S $ 4.000.000 $ 6.500.000
3 Specifier M $ 6.500.000 $ 7.500.000
B $ 7.500.000 $ 9.000.000
S $ 7.000.000 $ 9.000.000
4 KAM M $ 9.000.000 $ 11.000.000
B $ 11.000.000 $ 13.000.000
S $ 6.000.000 $ 8.000.000
5 Product Manager M $ 8.000.000 $ 9.000.000
B $ 9.000.000 $ 13.000.000
S $ 10.000.000 $ 14.000.000
6 Marketing Manager M $ 14.000.000 $ 18.000.000
B $ 18.000.000 $ 22.000.000
S $ 10.000.000 $ 14.000.000
7 Sales Manager M $ 14.000.000 $ 18.000.000
B $ 18.000.000 $ 25.000.000

Compensation Study Michael Page Colombia 2022 31 31


INDUSTRY | MACHINERY

MARKET TRENDS
TOP 3 INDUSTRIES

HEAVY LIGHT
GEAR TOP POSITIONS ON DEMAND
MACHINERY MACHINERY
1. AFTER SALES MANAGER
SKILLS
2. BUSINESS AREA MANAGER
1. SELF MANAGEMENT
3. MARKETING MANAGER
2. BUSINESS DEVELOPER MANAGEMENT

3. STRATEGIC PLANNING

4. CUSTOMER SERVICE

5. NEGOTIATION

COMPENSATION
LIGHT, HEAVY MACHINERY & GEAR

No. Position Company Size Minimum Salary Maximum Salary

S $ 3.000.000 $ 4.000.000
1 Business Adviser M $ 4.000.000 $ 6.000.000
B $ 6.000.000 $ 7.000.000
S $ 5.000.000 $ 7.000.000
2 Senior Sales Engineer M $ 7.000.000 $ 9.000.000
B $ 9.000.000 $ 13.000.000
S $ 6.000.000 $ 8.000.000
3 KAM M $ 8.000.000 $ 10.000.000
B $ 10.000.000 $ 13.000.000
S $ 7.000.000 $ 10.000.000
4 Commercial Manager M $ 13.000.000 $ 19.000.000
B $ 19.000.000 $ 28.000.000
S $ 4.000.000 $ 6.000.000
5 Product Manager M $ 6.000.000 $ 8.000.000
B $ 8.000.000 $ 14.000.000
S $ 8.000.000 $ 13.000.000
6 Business Development Manager M $ 13.000.000 $ 18.000.000
B $ 18.000.000 $ 25.000.000

Compensation Study Michael Page Colombia 2022 32 32


INDUSTRY

RAW MATERIALS & CHEMICALS

No. Position Company Size Minimum Salary Maximum Salary

S $ 10.000.000 $ 15.000.000
1 Commercial Manager M $ 15.000.000 $ 25.000.000
B $ 25.000.000 $ 35.000.000
S $ 10.000.000 $ 15.000.000
2 Marketing Manager M $ 15.000.000 $ 25.000.000
B $ 25.000.000 $ 35.000.000
S $ 6.000.000 $ 8.000.000
3 KAM M $ 8.000.000 $ 13.000.000
B $ 13.000.000 $ 20.000.000
S $ 4.000.000 $ 6.000.000
4 Sales Engineer M $ 6.000.000 $ 8.000.000
B $ 8.000.000 $ 10.000.000
S $ 10.000.000 $ 13.000.000
5 Investigation & Development Manager M $ 13.000.000 $ 20.000.000
B $ 20.000.000 $ 25.000.000
S $ 4.000.000 $ 6.000.000
6 Investigation & Development Specialist M $ 6.000.000 $ 8.000.000
B $ 8.000.000 $ 13.000.000

AUTOMATION & ELECTRICAL

No. Position Company Size Minimum Salary Maximum Salary

S $ 5.000.000 $ 7.000.000
1 Commercial Manager M $ 7.000.000 $ 10.000.000
B $ 10.000.000 $ 22.000.000
S $ 3.000.000 $ 5.000.000
2 Account Manager M $ 5.000.000 $ 7.000.000
B $ 7.000.000 $ 12.000.000
S $ 3.000.000 $ 5.000.000
3 Sales Engineer M $ 5.000.000 $ 7.000.000
B $ 7.000.000 $ 10.000.000
S $ 5.000.000 $ 7.000.000
4 Product Manager M $ 7.000.000 $ 11.000.000
B $ 12.000.000 $ 20.000.000
S $ 6.000.000 $ 9.000.000
5 Business Development Manager M $ 9.000.000 $ 12.000.000
B $ 16.000.000 $ 18.000.000

Compensation Study Michael Page Colombia 2022 33 33


INDUSTRY

AUTOMOTIVE & AUTO PARTS

No. Position Company Size Minimum Salary Maximum Salary

S $ 4.000.000 $ 6.000.000
1 Commercial Manager M $ 6.000.000 $ 10.000.000
B $ 12.000.000 $ 20.000.000
S $ 4.000.000 $ 6.000.000
2 Marketing Manager M $ 6.000.000 $ 9.000.000
B $ 12.000.000 $ 20.000.000
S $ 2.500.000 $ 3.500.000
3 KAM M $ 3.500.000 $ 6.500.000
B $ 7.000.000 $ 11.000.000
S $ 3.000.000 $ 6.000.000
4 Business Intelligence Head M $ 6.000.000 $ 10.000.000
B $ 11.000.000 $ 15.000.000
S $ 4.000.000 $ 6.000.000
5 Product Manager M $ 7.000.000 $ 10.000.000
B $ 10.000.000 $ 15.000.000
S $ 4.000.000 $ 7.000.000
6 Aftersales / Service Manager M $ 7.000.000 $ 11.000.000
B $ 11.000.000 $ 17.000.000
S $ 3.000.000 $ 5.000.000
7 M $ 5.000.000 $ 9.000.000
Spare Parts and Accessories Manager
B $ 9.000.000 $ 16.000.000

Compensation Study Michael Page Colombia 2022 34 34


ENGINEERING & MANUFACTURING
MARKET TRENDS

TOP 3 INDUSTRIES SALARY INCREASE


PER INDUSTRY
1. PHARMACEUTICAL

2. CONSTRUCTION MATERIALS
CONSTRUCTION 3. INDUSTRY
INDUSTRY PHARMACEUTICAL
MATERIALS

TOP POSITIONS ON DEMAND SKILLS


1. MANUFACTURING & OPERATIONS MANAGER 1. ENGLISH

2. MAINTENANCE MANAGER 2. NETWORKING

3. HSEQ HEAD / MANAGER 3. STRATEGIC THINKING

4. QUALITY HEAD / MANAGER 4. RESULT ORIENTATION

5. CONTINUOUS IMPROVEMENT MANAGER 5. RELIABILITY

COMPENSATION
No. Position Minimum Salary Maximum Salary

1 Manufacturing & Operations Manager $ 24.000.000 $ 30.000.000

2 Plant & Production Manager $ 18.000.000 $ 24.000.000

3 Quality Manager $ 13.000.000 $ 18.000.000

4 Maintanance Manager $ 13.000.000 $ 18.000.000

5 Plant & Production Lead $ 8.000.000 $ 13.000.000

6 Quality Head $ 8.000.000 $ 13.000.000

7 Maintanance Lead $ 8.000.000 $ 13.000.000

8 Continuous Improvement Lead $ 8.000.000 $ 13.000.000

9 HSE Manager $ 18.000.000 $ 25.000.000

10 HSE Lead $ 8.000.000 $ 13.000.000

11 Head of Production Planning $ 8.000.000 $ 13.000.000

12 Project Head $ 8.000.000 $ 13.000.000

Head of Maintanance
13 $ 8.000.000 $ 13.000.000
Reliability & Planning

Compensation Study Michael Page Colombia 2022 35 35


LEGAL
MARKET TRENDS

TOP 3 INDUSTRIES SALARY INCREASE


PER INDUSTRY
1. BANKING & FINANCIAL SERVICES

2. TECHNOLOGY
LAWYER’S 3. ENERGY
ENERGY TECHNOLOGY
FIRM

TOP POSITIONS ON DEMAND SKILLS


1. 1. LEADERSHIP
LEGAL MANAGER
2. ADAPTABILITY
2. SENIOR LAWYER
3. VERBAL, PERSUASIVE AND WRITTEN
3. LABOR LAWYER COMMUNICATION

4. COMPLIANCE OFFICER 4. ACCESSIBILITY

5. LEGAL COUNSEL 5. PROBLEM SOLVING AND DECISION MAKING

COMPENSATION

LEGAL - REAL SECTOR

No. Position Minimum Salary Maximum Salary

1 Legal Manager $ 25.000.000 $50.000.000

2 Legal Counsel $ 13.000.000 $ 20.000.000

3 Compliance Officer $ 17.000.000 $ 35.000.000

4 Legal Counsel $ 7.000.000 $ 13.000.000

LEGAL - LAW FIRM

No. Position Minimum Salary Maximum Salary

1 Direction $ 25.000.000 $ 30.000.000

2 Principal Associate $ 17.000.000 $ 25.000.000

3 Senior Associate $ 13.000.000 $ 17.000.000

4 Intermediate Associate $ 8.000.000 $ 13.000.000

Compensation Study Michael Page Colombia 2022 36 36


LOGISTICS
MARKET TRENDS
TOP 3 INDUSTRIES SALARY INCREASE
PER INDUSTRY
1. PHARMACEUTICAL

LOGISTICS PHARMACEUTICAL 2. CONSUMPTION


CONSUMPTION
SERVICES
3. RAW MATERIALS

TOP POSITIONS ON DEMAND SKILLS


1. COMMERCIAL MANAGER / HEAD 1. ENGLISH

2. OPERATIONS MANAGER / HEAD 2. EQUIPMENT MANAGEMENT

3. SUPPLY CHAIN MANAGER / HEAD 3. KPI’S MANAGEMENT

4. COMMERCIAL EXECUTIVE 4. SOFTWARE AND TOOLS

5. KAM 5. INNOVATION & COMMUNICATION

COMPENSATION
No. Position Minimum Salary Maximum Salary

1 Supply Chain Operations Head $ 18.000.000 $ 28.000.000


2 Logistics Manager $ 15.000.000 $ 25.000.000
3 Storage Manager $ 13.000.000 $ 18.000.000

4 Distribution and Transportation Manager $ 13.000.000 $ 18.000.000

5 Supply & Purchase Manager $ 13.000.000 $ 18.000.000

6 Transportation Manager $ 13.000.000 $ 18.000.000


7 Logistics Manager $ 8.000.000 $ 13.000.000

8 Head of Storage $ 8.000.000 $ 13.000.000

9 Head of Distribution and Transportation $ 8.000.000 $ 13.000.000

10 Head of Purchasing $ 7.000.000 $ 10.000.000

11 Head of Foreign Trade $ 7.000.000 $ 10.000.000

12 Demand Planning Manager (S&OP) $ 15.000.000 $ 24.000.000

13 Head of Demand Planning (S&OP) $ 9.000.000 $ 15.000.000

14 Last Mile Transportation Head / Manager $ 13.000.000 $ 20.000.000

Compensation Study Michael Page Colombia 2022 37 37


LOGISTICS

No. Position Minimum Salary Maximum Salary

1 Operations Manager $ 14.000.000 $ 25.000.000

2 Commercial Manager $ 15.000.000 $ 28.000.000

3 Transportation Manager $ 15.000.000 $ 24.000.000

4 Unity Manager $ 15.000.000 $ 24.000.000

5 CEDI Manager $ 10.000.000 $ 15.000.000

6 Operations Manager $ 8.000.000 $ 13.000.000

7 Commercial Manager $ 8.000.000 $ 13.000.000

8 Transportation Manager $ 8.000.000 $ 13.000.000

9 KAM $ 6.000.000 $ 13.000.000

10 Senior Commercial Executive $ 6.000.000 $ 13.000.000

11 Junior Commercial Executive $ 6.000.000 $ 8.000.000

12 Inside Sales $ 3.000.000 $ 6.000.000

13 Pricing Analyst $ 3.000.000 $ 6.000.000

14 Design & Project Manager / Head $ 8.000.000 $ 13.000.000

15 Trucking Supervisor $ 5.000.000 $ 8.000.000

Compensation Study Michael Page Colombia 2022 38 38


OIL & GAS | MINING

MARKET TRENDS
TOP 3 INDUSTRIES SALARY INCREASE
PER INDUSTRY
1. EXPLORATION

2. PRODUCTION

EXPLORATION PRODUCTION EQUIPMENT 3. EQUIPMENT

TOP POSITIONS ON DEMAND SKILLS


1. COMMERCIAL MANAGER 1. ENGLISH

2. PRODUCTION MANAGER 2. OFFSHORE EXPERIENCE

3. BUSINESS DEVELOPER MANAGER 3. MIDSETRAM EXPERIENCE

4. PROJECT MANAGER 4. DOWNSTREAM EXPERIENCE

5. OPERATIONS MANAGER 5. BUSINESS DEVELOPMENT EXPERIENCE

COMPENSATION
OIL & GAS

No. Position Minimum Salary Maximum Salary

1 Oil Services KAM $ 15.000.000 $ 18.000.000

2 Pumping Mechanical ALS Engineer $ 14.000.000 $ 16.000.000

3 Water / Crude Treatment Engineer $ 10.000.000 $ 14.000.000

4 Maintainance Engineer $ 18.000.000 $ 23.000.000

5 Environmental Manager $ 14.000.000 $ 16.000.000

6 HSEQ Manager $ 12.000.000 $ 15.000.000

7 Geophysical Engineer $ 15.000.000 $ 18.000.000

8 Project Manager $ 12.000.000 $ 15.000.000

9 Offshore Drilling Manager $ 65.000.000 $ 80.000.000

Not Conventional
10 $ 18.000.000 $ 22.000.000
Reservoir Geologist

Compensation Study Michael Page Colombia 2022 39 39


OIL & GAS | MINING

MINING

No. Position Minimum Salary Maximum Salary

1 Mine Manager $ 28.000.000 $ 45.000.000

2 Mining Planning Manager $ 18.000.000 $ 24.000.000

3 Project Manager $ 22.000.000 $ 26.000.000

Sustainability Manager /
4 $ 18.000.000 $ 24.000.000
Environmental Manager

5 Production Manager $ 18.000.000 $ 24.000.000

6 HSEQ Manager $ 22.000.000 $ 24.000.000

7 Operations Manager $ 18.000.000 $ 24.000.000

8 Environmental Manager $ 22.000.000 $ 24.000.000

9 Innovation Manager $ 18.000.000 $ 24.000.000

10 Quality Manager $ 18.000.000 $ 22.000.000

Compensation Study Michael Page Colombia 2022 40 40


PROPERTY & CONSTRUCTION

MARKET TRENDS

TOP 3 INDUSTRIES SALARY INCREASE


PER INDUSTRY
1. CONSTRUCTION MATERIALS

2. CONSTRUCTION COMPANIES

CONSTRUCTION CONSTRUCTION 3. REAL SECTOR


REAL STATE
MATERIALS COMPANIES

TOP POSITIONS ON DEMAND SKILLS


1. HEAD OF ZONE 1. COMMERCIAL ABILITIES

2. COMMERCIAL MANAGER 2. MANAGEMENT ABILITIES

3. CONSTRUCTION DIRECTOR 3. BIM KNOWLEDGE

4. SPECS 4. ADAPTABILITY

5. PROJECT MANAGER 5. RESULT ORIENTED

COMPENSATION

No. Position Minimum Salary Maximum Salary

1 BIM Manager $ 8.000.000 $ 16.000.000

2 Project Manager $ 13.000.000 $ 20.000.000

3 Construction Director $ 8.000.000 $ 16.000.000

4 Commercial Manager $ 8.000.000 $ 22.000.000

5 Business Structuring Manager $ 13.000.000 $ 20.000.000

Compensation Study Michael Page Colombia 2022 41 41


INSURANCE

MARKET TRENDS

TOP 3 INDUSTRIES

SKILLS
INSURANCE BROKER RE ASSURANCE 1. ACTUARY

2. COMMERCIAL

3. SUBSCRIPTION
TOP POSITIONS ON DEMAND
1. ADAPTABILITY

2. COMMERCIAL ABILITIES

COMPENSATION

No. Position Minimum Salary Maximum Salary

1 Subscription Manager $ 15.000.000 $ 20.000.000

2 Commercial Manager $ 13.000.000 $ 16.000.000

3 Insurance Commercial Director $ 18.000.000 $ 25.000.000

4 Junior Actuary $ 5.000.000 $ 10.000.000

5 Senior Actuary $ 13.000.000 $ 20.000.000

Compensation Study Michael Page Colombia 2022 42 42


TECHNOLOGY

MARKET TRENDS

TOP 3 INDUSTRIES SALARY INCREASE


PER INDUSTRY
1. 10% - 20%

2. 12 % - 15%
OIL & GAS
FINANCE HUBS’IT
MANUFACTURING 3. 10% - 12%

TOP POSITIONS ON DEMAND SKILLS


1. CIO 1. LEADERSHIP

2. INFRAESTRUCTURE & CLOUD MANAGER 2. COMMUICATION

3. KAM 3. ACHIEVEMENT ORIENTED

4. TECHNICAL AND FUNCTIONAL POSITIONS OF APPS 4. ADAPTABILITY & RESILIENCE

5. CYBERSECURITY AUDITOR / CONSULTANT / MANAGER 5. STRATEGIC THINKING

COMPENSATION
SOFTWARE DEVELOPMENT / BACKEND

No. Position Years of Experience Minimum Salary Maximum Salary

3 to 5 $ 5,000,000 $ 8,000,000
1 .Net 5 to 8 $ 8,000,000 $ 12,000,000
8 to 12 $ 12,000,000 $ 18,000,000
3 to 5 $ 5,000,000 $ 7,500,000
2 Java (Spring, Hibernate, Spark) 5 to 8 $ 7,500,000 $ 12,000,000
8 to 12 $ 12,000,000 $ 18,000,000
3 to 5 $ 7,000,000 $ 10,000,000
3 Python (Django, Flask) 5 to 8 $ 10,000,000 $ 15,000,000
8 to 12 $ 15,000,000 $ 20,000,000
3 to 5 $ 6,000,000 $ 9,000,000
4 Ruby (Ruby on Rails) 5 to 8 $ 9,000,000 $ 13,000,000
8 to 12 $ 13,000,000 $ 18,000,000
3 to 5 $ 5,000,000 $ 9,000,000
5 NodeJS (hapi.JS, Socket.IO) 5 to 8 $ 9,000,000 $ 14,000,000
8 to 12 $ 14,000,000 $ 20,000,000
3 to 5 $ 5,000,000 $ 8,000,000
6 PHP (Laravel, Codeigniter, CakePhp) 5 to 8 $ 8,000,000 $ 12,000,000
8 to 12 $ 12,000,000 $ 15,000,000
Compensation Study Michael Page Colombia 2022 43 43
TECHNOLOGY
No. Position Years of Experience Minimum Salary Maximum Salary

3 to 5 $ 8,000,000 $ 10,000,000
7 # Go 5 to 8 $ 10,000,000 $ 14,000,000
8 to 12 $ 14,000,000 $ 17,000,000
3 to 5 $ 8,000,000 $ 10,000,000
8 # Scala 5 to 8 $ 10,000,000 $ 14,000,000
8 to 12 $ 14,000,000 $ 17,000,000
3 to 5 $ 8,000,000 $ 10,000,000
9 C++ 5 to 8 $ 10,000,000 $ 15,000,000
8 to 12 $ 15,000,000 $ 23,000,000

SOFTWARE DEVELOPMENT / FRONTEND

No. Position Years of Experience Minimum Salary Maximum Salary

3 to 5 $ 8,000,000 $ 10,000,000
1 JavaScript (Angular) 5 to 8 $ 10,000,000 $ 14,000,000
8 to 12 $ 14,000,000 $ 17,000,000
3 to 5 $ 7,500,000 $ 12,000,000
2 JavaScript (React) 5 to 8 $ 12,000,000 $ 18,000,000
8 to 12 $ 18,000,000 $ 25,000,000
3 to 5 $ 8,000,000 $ 10,000,000
3 JavaScript (Vue) 5 to 8 $ 10,000,000 $ 14,000,000
8 to 12 $ 14,000,000 $ 17,000,000

SOFTWARE DEVELOPMENT / MOBILE

No. Position Years of Experience Minimum Salary Maximum Salary

3 to 5 $ 7,000,000 $ 10,000,000
1 Java (Android) 5 to 8 $ 10,000,000 $ 14,000,000
8 to 12 $ 14,000,000 $ 18,000,000
3 to 5 $ 8,000,000 $ 11,000,000
2 Kotlin (Android) 5 to 8 $ 11,000,000 $ 15,000,000
8 to 12 $ 15,000,000 $ 25,000,000
3 to 5 $ 7,000,000 $ 10,000,000
3 Objective-C (iOS) 5 to 8 $ 10,000,000 $ 14,000,000
8 to 12 $ 14,000,000 $ 18,000,000
3 to 5 $ 8,000,000 $ 11,000,000
4 Swift (iOS) 5 to 8 $ 11,000,000 $ 15,000,000
8 to 12 $ 15,000,000 $ 25,000,000
3 to 5 $ 8,000,000 $ 13,000,000
5 JavaScript (React Native) 5 to 8 $ 13,000,000 $ 16,500,000
8 to 12 $ 16,500,000 $ 20,000,000

Compensation Study Michael Page Colombia 2022 44


44
TECHNOLOGY
QA

No. Position Years of Experience Minimum Salary Maximum Salary

3 to 5 $ 8,000,000 $ 13,000,000
1 QA Automation 5 to 8 $ 13,000,000 $ 18,000,000
8 to 12 $ 18,000,000 $ 25,000,000
3 to 5 $ 6,000,000 $ 8,000,000
2 QA Functional 5 to 8 $ 8,000,000 $ 10,000,000
8 to 12 $ 10,000,000 $ 13,000,000

SOFTWARE DEVELOPMENT / INFRASTRUCTURE / AGILE

No. Position Years of Experience Minimum Salary Maximum Salary

3 to 5 $ 8,000,000 $ 12,000,000
1 Scrum Master 5 to 8 $ 12,000,000 $ 17,000,000
8 to 12 $ 17,000,000 $ 25,000,000
3 to 5 $ 10,000,000 $ 14,000,000
2 Agile Coach 5 to 8 $ 14,000,000 $ 20,000,000
8 to 12 $ 20,000,000 $ 28,000,000
3 to 5 $ 10,000,000 $ 14,000,000
3 DevOps 5 to 8 $ 14,000,000 $ 20,000,000
8 to 12 $ 20,000,000 $ 28,000,000
3 to 5 $ 8,000,000 $ 12,000,000
4 Salesforce 5 to 8 $ 13,000,000 $ 18,000,000
8 to 12 $ 18,000,000 $ 25,000,000

DATA

No. Position Years of Experience Minimum Salary Maximum Salary

3 to 5 $ 8,000,000 $ 13,000,000
1 Data Engineer 5 to 8 $ 13,000,000 $ 17,000,000
8 to 12 $ 17,000,000 $ 22,000,000
3 to 5 $ 7,000,000 $ 11,000,000
2 Data Scientist 5 to 8 $ 11,000,000 $ 15,000,000
8 to 12 $ 15,000,000 $ 19,000,000
3 to 5 $ 7,000,000 $ 9,000,000
3 BI 5 to 8 $ 9,000,000 $ 13,000,000
8 to 12 $ 13,000,000 $ 17,000,000
3 to 5 $ 10,000,000 $ 13,000,000
4 Data Architect 5 to 8 $ 13,000,000 $ 18,000,000
8 to 12 $ 18,000,000 $ 25,000,000
3 to 5 $ 8,000,000 $ 10,000,000
5 RPA (Robotic Process Automation) 5 to 8 $ 10,000,000 $ 13,000,000
8 to 12 $ 13,000,000 $ 16,000,000

Compensation Study Michael Page Colombia 2022 45 45


TECHNOLOGY | DIGITAL

MARKET TRENDS
TOP 3 INDUSTRIES
SALARY INCREASE
1. 15% - 20%
SOFTWARE MARKETING &
FINTECH
FACTORIES ECOMMERCE

TOP POSITIONS ON DEMAND SKILLS


1. SOFTWARE DEVELOPMENT 1. ADVANCED ENGLISH

2. DATA ARCHITECT 2. TEAMWORK

3. QA AUTOMATION 3. COMMUNICATION ABILITIES

4. PRODUCT MANAGERS 4. AUTONOMY

5. INNOVATION 5. INNOVATION

COMPENSATION
DIGITAL DESIGN

No. Position Years of Experience Minimum Salary Maximum Salary

3 to 5 $ 4,000,000 $ 7,000,000
1 UX 5 to 8 $ 7,000,000 $ 10,500,000
8 to 12 $ 10,500,000 $ 13,000,000
3 to 5 $ 5,000,000 $ 8,000,000
2 UX / UI 5 to 8 $ 8,000,000 $ 13,000,000
8 to 12 $ 13,000,000 $ 18,000,000
3 to 5 $ 4,000,000 $ 6,000,000
3 UX Research 5 to 8 $ 6,000,000 $ 10,500,000
8 to 12 $ 10,500,000 $ 15,000,000
DIGITAL SECTOR

No. Position Years of Experience Minimum Salary Maximum Salary

3 to 5 $ 6,000,000 $ 10,000,000
Business Ops (Apps, Fintech and other
1 5 to 8 $ 10,000,000 $ 15,000,000
Digital Companies)
8 to 12 $ 15,000,000 $ 22,000,000
3 to 5 $ 6,000,000 $ 10,000,000
Product (Apps, Fintech and other Digital
2 5 to 8 $ 10,000,000 $ 16,000,000
Companies)
8 to 12 $ 16,000,000 $ 28,000,000

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TECHNOLOGY | DIGITAL
DIGITAL SECTOR

No. Position Years of Experience Minimum Salary Maximum Salary

3 to 5 $ 6,000,000 $ 10,000,000
Digital Project Manager
1 5 to 8 $ 10,000,000 $ 16,000,000
(Digital Agencies and Consultancies)
8 to 12 $ 16,000,000 $ 28,000,000
3 to 5 N/A N/A
Head of Digital Transformation
2 5 to 8 N/A N/A
(Banking, Insurance, Healthcare..)
8 to 12 $ 18,000,000 $ 40,000,000
3 to 5 N/A N/A
Innovation Director
3 5 to 8 N/A N/A
(Banking, Insurance, Healthcare..)
8 to 12 $ 18,000,000 $ 40,000,000

DIGITAL SECTOR / DIGITAL MARKETING

No. Position Years of Experience Minimum Salary Maximum Salary

3 to 5 $ 6,000,000 $ 8,500,000
1 Digital Planner 5 to 8 $ 8,500,000 $ 11,500,000
8 to 12 $ 11,500,000 $ 15,000,000
3 to 5 $ 7,000,000 $ 10,000,000
2 Growth Hacker 5 to 8 $ 10,000,000 $ 15,000,000
8 to 12 $ 15,000,000 $ 25,000,000
3 to 5 $ 6,000,000 $ 9,000,000
3 Performance 5 to 8 $ 9,000,000 $ 13,000,000
8 to 12 $ 13,000,000 $ 18,000,000
3 to 5 $ 9,000,000 $ 13,000,000
Digital Marketing Manager
4 5 to 8 $ 13,000,000 $ 18,000,000
(Digital and rest of Industries)
8 to 12 $ 18,000,000 $ 28,000,000
3 to 5 $ 4,000,000 $ 8,000,000
5 Social Media Manager 5 to 8 $ 8,000,000 $ 13,000,000
8 to 12 $ 13,000,000 $ 20,000,000

DIGITAL SECTOR / ECOMMERCE

No. Position Years of Experience Minimum Salary Maximum Salary

3 to 5 N/A N/A
1 Marketplace Manager 5 to 8 $ 15,000,000 $ 19,000,000
8 to 12 $ 19,000,000 $ 28,000,000
3 to 5 $ 7,000,000 $ 11,000,000
2 eCommerce Manager 5 to 8 $ 11,000,000 $ 15,000,000
8 to 12 $ 15,000,000 $ 25,000,000

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TECHNOLOGY | DIGITAL

DIGITAL SECTOR / ECOMMERCE

No. Position Years of Experience Minimum Salary Maximum Salary

3 to 5 $ 3,500,000 $ 8,000,000
1 Customer Experience / Service 5 to 8 $ 8,000,000 $ 15,000,000
8 to 12 $ 15,000,000 $ 25,000,000
3 to 5 $ 4,500,000 $ 7,500,000
2 Sales / Category (eCommerce) 5 to 8 $ 7,500,000 $ 13,000,000
8 to 12 $ 13,000,000 $ 25,000,000

DIGITAL SECTOR / SALES

No. Position Years of Experience Minimum Salary Maximum Salary

3 to 5 $ 6,000,000 $ 9,000,000
1 Digital Solutions Sales 5 to 8 $ 9,000,000 $ 14,000,000
8 to 12 $ 14,000,000 $ 23,000,000
3 to 5 $ 5,000,000 $ 7,000,000
2 New Business Repr./Manager 5 to 8 $ 7,000,000 $ 12,000,000
8 to 12 $ 12,000,000 $ 18,000,000
3 to 5 $ 4,500,000 $ 6,500,000
AdSales Repr./Manager (Digital Media,
3 Digital Agencies, Consultancies and 5 to 8 $ 6,500,000 $ 10,000,000
Technology Solutions Companies)
8 to 12 $ 10,000,000 $ 18,000,000

HEADS / DIRECTORS / MANAGERS


No. Position Minimum Salary Maximum Salary

1 Technology / Engineering $ 20,000,000 $ 30,000,000


2 Product & Design $ 18,000,000 $ 25,000,000
3 Data $ 20,000,000 $ 30,000,000
4 Sales / Marketing / CX / CS $ 18,000,000 $ 30,000,000
5 Strategy / Operations $ 18,000,000 $ 30,000,000

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TECHNOLOGY | DIGITAL

COMMERCIALS / MANUFACTURERS

No. Position Years of Experience Minimum Salary Maximum Salary

3 to 5 N/A N/A
1 Sales VP 5 to 8 $ 36,000,000 $ 44,900,000
8 to 12 $ 45,000,000 $ 60,000,000
3 to 5 $ 20,000,000 $ 25,900,000
2 Commercial Manager / Director 5 to 8 $ 26,000,000 $ 31,900,000
8 to 12 $ 32,000,000 $ 35,000,000
3 to 5 $ 13,000,000 $ 16,900,000
3 KAM 5 to 8 $ 17,000,000 $ 22,900,000
8 to 12 $ 23,000,000 $ 28,000,000

COMMERCIALS / CHANNEL

No. Position Years of Experience Minimum Salary Maximum Salary

3 to 5 $ 13,000,000 $ 16,900,000
1 Comercial Manager / Director 5 to 8 $ 17,000,000 $ 21,900,000
8 to 12 $ 22,000,000 $ 26,000,000
3 to 5 $ 8,000,000 $ 10,500,000
2 KAM 5 to 8 $ 13,000,000 $ 15,900,000
8 to 12 $ 16,000,000 $ 22,000,000

SPECIALISTS / MANUFACTURERS (SECURITY, NETWORK, APPS E INFRAESTRUCTURE, ETC.)

No. Position Years of Experience Minimum Salary Maximum Salary

3 to 5 $ 16,000,000 $ 21,900,000
1 Presales Director 5 to 8 $ 22,000,000 $ 25,900,000
8 to 12 $ 26,000,000 $ 29,000,000
3 to 5 $ 13,000,000 $ 15,900,000
2 Presales Manager 5 to 8 $ 16,000,000 $ 18,900,000
8 to 12 $ 19,000,000 $ 24,000,000
3 to 5 $ 9,500,000 $ 13,000,000
3 Architect 5 to 8 $ 13,000,000 $ 16,900,000
8 to 12 $ 17,000,000 $ 22,000,000

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TECHNOLOGY | DIGITAL

SPECIALISTS / CHANNELS (SECURITY, NETWORK, COMMUNICATIONS, ETC)

No. Position Years of Experience Minimum Salary Maximum Salary

3 to 5 $ 13,000,000 $ 15,900,000
1 Presales Director / Manager 5 to 8 $ 16,000,000 $ 18,900,000
8 to 12 $ 19,000,000 $ 22,000,000
3 to 5 $ 8,000,000 $ 10,500,000
2 Architect 5 to 8 $ 13,000,000 $ 15,900,000
8 to 12 $ 16,000,000 $ 19,000,000

SPECIALISTS / SAP

No. Position Years of Experience Minimum Salary Maximum Salary

3 to 5 $ 8,000,000 $ 10,500,000
1 Technician 5 to 8 $ 13,000,000 $ 14,900,000
8 to 12 $ 15,000,000 $ 18,000,000
3 to 5 $ 8,000,000 $ 10,500,000
2 Functional 5 to 8 $ 13,000,000 $ 14,900,000
8 to 12 $ 15,000,000 $ 18,000,000

FINANCIAL SERVICES
No. Position Minimum Salary Maximum Salary

1 CIO / Technology VP $ 40,000,000 $ 75,000,000


2 Infraestructure Director $ 25,000,000 $ 35,000,000
3 Application Director $ 30,000,000 $ 40,000,000
4 Cybersecurity Director CISO $ 25,000,000 $ 35,000,000

REAL SECTOR *PYMES - LARGE ENTERPRISE


No. Position Minimum Salary Maximum Salary

1 Technology Director $ 15,000,000 $ 30,000,000


2 Infraestructure Manager $ 13,000,000 $ 22,000,000
3 Applications Manager $ 15,000,000 $ 25,000,000
4 Security Manager $ 13,000,000 $ 22,000,000

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TECHNOLOGY | DIGITAL

SPECIALISTS / MANUFACTURERS (SECURITY, NETWORK, APPS E INFRAESTRUCTURE)

No. Position Years of Experience Minimum Salary Maximum Salary

3 to 5 $ 7,000,000 $ 12,000,000
1 Security Specialist 5 to 8 $ 12,000,000 $ 18,500,000
8 to 12 $ 18,500,000 $ 24,000,000
3 to 5 $ 7,000,000 $ 10,500,000
2 IT Risk Analyst 5 to 8 N/A N/A
8 to 12 N/A N/A
3 to 5 $ 7,500,000 $ 10,500,000
3 Security Information Consultant 5 to 8 $ 12,000,000 $ 16,500,000
8 to 12 $ 8,000,000 $ 22,500,000
3 to 5 $ 8,500,000 $ 10,500,000
4 SOC Engineer 5 to 8 $ 12,000,000 $ 15,500,000
8 to 12 $ 16,500,000 $ 22,000,000

SPECIALISTS / CHANNELS (SECURITY, NETWORK, COMMUNICATIONS)

No. Position Years of Experience Minimum Salary Maximum Salary

3 to 5 $ 7,500,000 $ 10,000,000
1 Security Information Consultant 5 to 8 $ 12,000,000 $ 16,500,000
8 to 12 $ 17,500,000 $ 22,500,000
3 to 5 $ 8,500,000 $ 11,500,000
2 SOC Engineer 5 to 8 $ 11,500,000 $ 16,500,000
8 to 12 $ 16,500,000 $ 22,000,000
3 to 5 $ 8,000,000 $ 10,500,000
3 Implementation Engineer 5 to 8 $ 12,000,000 $ 16,500,000
8 to 12 $ 17,500,000 $ 22,000,000
3 to 5 $ 7,500,000 $ 10,500,000
4 IT Risk Analyst 5 to 8 N/A N/A
8 to 12 N/A N/A

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HUMAN RESOURCES

MARKET TRENDS

TOP 3 INDUSTRIES SALARY INCREASE


PER INDUSTRY
1. TECHNOLOGY

2. FINANCIAL SERVICES
BPO TECHNOLOGY MANUFACTURING
3. PHARMACEUTICAL

TOP POSITIONS ON DEMAND SKILLS


1. TALENT ACQUISITION MANAGER 1. ADAPTABILITY

2. HR MANAGER 2. EFFICIENT COMMUNICATION

3. HRBP 3. DATA ANALYSIS

4. HEAD OF COMPENSATION & BENEFITS 4. CREATIVITY & INNOVATION

5. HEAD OF DEVELOPMENT AND TRAINING 5. ENGLISH

COMPENSATION

No. Position Minimum Salary Maximum Salary

1 Human Resources Director $ 22.000.000 $ 30.000.000

2 Human Resources Manager $ 13.000.000 $ 18.000.000

3 Talent Acquisition Manager $ 13.000.000 $ 20.000.000

4 Human Resources Business Partner $ 9.000.000 $ 15.000.000

5 Development and Training Manager $ 15.000.000 $ 20.000.000

6 Compensation & Benefits Manager $ 13.000.000 $ 22.000.000

7 Recruiter $ 7.000.000 $ 13.000.000

Compensation Study Michael Page Colombia 2022 52 52


CONTACT INFORMATION

Medellín
Carrera 42 Nº 3 Sur 81 Torre 1 Piso 16. Edificio Milla de Oro
(571) 745 4500

Bogotá
Calle 81 # 11 - 08, Piso 11, Bogotá, Colombia
(571) 745 4500
53

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