Reed’s Malta salary guide 2023
Our 2023 salary guide look at average salaries and benefits across six sectors in Malta. The guide uses data from jobs posted in Malta to highlight key trends and insights, enabling you to benchmark the average salaries for your workforce across Malta, or find out what you could be earning. Download our free guide now to compare average salaries and benefits across Malta.Entering 2023, the landscape looks uncertain, with many EU countries battling rising inflation rates. On top of this, the workforce in Malta has shrunk, with the demand for workers, alongside the ongoing impact of the pandemic, affecting the skills gaps across the country.It’s more important than ever that you check your salaries and benchmark against your competition to ensure you can attract and retain the right professionals to your workforce.Using data from jobs posted by Reed, our 2023 Malta salary guide is the ultimate salary checker. By using our guide to inform your average salary, you’ll be able to understand what job roles are worth across all regions in Malta, helping you to stand out when looking for new employees or searching for your next role.Who is this salary guide designed for?Whether you’re looking to find out what your current salary should be, what you could be earning in the next step on the career ladder, or whether you are paying your team a fair market rate, our salary guide allows you to compare salaries across Malta – from accountancy and finance jobs through to the latest technology roles. Take advantage of our guide and use it as a salary calculator throughout 2023.Are you an employer looking for benchmarking advice?You can use our salary guide to compare salaries and benefits, allowing you to make sure your remuneration packages are up to date and relevant. At a time when talent is hard to come by, you must stay ahead of the game to appeal to those looking to explore their options. Failure to do so could leave job application numbers low and your competitors thriving.Are you trying to find out what you should be earning?Use our 2023 salary guide to know your worth, help you decide on a new job you have been offered, or even plan the next step on your career ladder – would changing sectors enable you to earn more?What sectors does our salary guide cover?The Reed 2023 Malta salary guide assess salaries and benefits across the following six sectors:Accountancy & financeBusiness support & administrationHuman resourcesFinancial servicesMarketing & salesTechnology So, whether you’re looking to hire a chief financial officer (CFO), financial controller, HR business partner, sales professional, or marketing manager, or if you’re trying to find out what you should be earning as a banking officer, or IT manager, you can use Reed’s guide for reassurance.Why download the Reed Malta salary guide?It’s the most reliable salary guide in Malta, based on jobs that come to our specialist recruitment team. We highlight the average salaries for roles across the six sectors listed above, give you a minimum and maximum salary scale, and, for some roles, compare average salary growth over the past three years.On top of this, our guide features insights from our specialism experts who give an overview of the sector on a national level and what to expect from the jobs market in 2023.With up-to-date data at your fingertips, you have the tools to ensure you are best informed to make the right choices.How can the Reed salary guide help with my benefits/rewards benchmarking?We surveyed 172 Maltese workers about both their current and ideal working situation to help further inform you. You can read the full highlights in our ‘Our survey says’ section of the guide.Key findings from our research include:20% are ‘somewhat unhappy’ with their current salary – ten per cent reporting to be ‘very unhappy’ with it. When asked why they are unhappy, 65% of respondents said it was because they believe they could get paid more elsewhere.14% of those surveyed said they do not receive any benefits where they currently work.Of those who do, the top three benefits people receive are health insurance (62%), performance related bonus (45%), and flexible working hours (44%).When looking for a new job, 63% would find health insurance to be one of the most attractive benefits followed an annual salary increment (62%), flexible working hours (56%), and a performance bonus (54%).To help you make an informed choice on salary and benefits, download our salary guide using the button above.
Getting the best from your interview
Interviews give your potential employer the chance to see you – in the flesh, or remotely over a video call – to learn about your likes and dislikes, capabilities, and get an overall feel for whether you will fit in with the organisation.However, getting the best from the interview doesn't just mean showing your best self to get the job - it also means using the opportunity to assess the environment you will be working in, those you will be working with and for, and making it clear in your mind whether the job and organisation are right for you.First interview, second interview, face-to-face interview, telephone interview, video interview: whatever the type of interview they all have one thing in common – you have the opportunity to shine."To be a great champion, you must believe you are the best. If you’re not, pretend you are."Muhammad AliWhat's inside the guide?You may be the most knowledgeable professional for the job, but without performing well at an interview you won’t stand a chance of securing your next role.The guide takes you through the following:Getting to grips with the organisation you could be working forDress codeDifferent types of interviewTackling common first interview questionsThe big daySecond interviewsPreparing for a presentation taskOn-the-day tasksBy downloading this guide, you will learn the tips and tricks on the interview process which will help you to make the most of the short time you have to sell yourself.
How to write a job spec
Essential things to include (and exclude) in your job descriptionA good job specification is key to attracting and evaluating the best candidates for your organization. Investing time in writing a job description will save you time later and can benefit your business in the long run. A bad specification can mislead candidates, and at worst case scenario, result in the need to start the recruitment process all over again.Firstly, before writing a job description you must analyze the role on offer, particularly if it's a new role. A job description should be rewritten each time the role is advertised to reflect any changes in your business requirements. Use this as an opportunity to review the role and its responsibilities. A recruitment professional will be able to help or even write a job description for you, provided you are able to furnish them with the required details for the position.What to include in your job descriptionThe basicsYou should include most, if not all, of the following points in the structure of your job spec:Job titleDepartment and to whom the employee would reportLocationType of employment e.g. full-time, part-time, shift patternSummary of the main duties and objectives of the job as well as a detailed description of the role (ideally between five and ten key responsibilities)Likely changes or developments in the role and scope for progression or promotionEssential skills or qualifications required to perform the role e.g. accountancy qualifications'Soft' skills, preferred experience, or personality traits in a desirable candidateSalary and benefits. Really think about what your company has to offer - you need to sell the job to the best candidates as much as they need to sell themselves to you.Company overviewThis gives you the chance to make your organisation seem more attractive than any others that may be recruiting for similar positions. Include its size and scale, and any unique selling points of working for your particular organisation; plus an idea of what the company culture is like. Strive to make your ideal candidate realise how much they want to work for you.Language and toneThe tone of the job description can indicate the formality or informality of your organisation. Let your company's personality shine through, you will be more likely to receive applications from candidates who would be a good match. Also consider where the advert will be posted and how this might affect the wording.What to avoid in a job descriptionAvoiding the wrong things in the job description will help just as much as including the right ones.Too many words. Job specs should be concise and to the pointIt is essential not to discriminate on the grounds of age, race, religion, disability, gender, or sexual orientationAvoid using internal jargon or terminology. It may make sense to you, but it will be off-putting to candidatesAnything that isn't actually relevant to the role - don't put people off by including experience or skill requirements that won't factor into your decision.
Key things to consider for a person specification
The first step is to advertise the role with clear and accurate information about the position available. Something that works alongside the job description is the ‘person specification'.The person specification is an important part of the recruiter’s toolbox. It allows you to communicate the traits you find desirable in an ideal candidate, such as education, previous work experience, and any extra traits that are needed to succeed in the role."Many companies rely solely on a job spec, focussing on the job and not the person. With talent more sought-after than ever, the more people-focussed businesses are doing just that - focussing on the people."Chris Adcock, Managing Director, Reed TechnologyThe five purposes of a person specification:It makes the interviewing process more refined and streamlined from the startJobseekers are able to assess themselves before applying and understand how they will fit in with the role and your business. This allows them to match themselves according to suitability and not just skillsIt clarifies the two types of personal qualifications important to the employer, essential and desirable. This enables the employer to be explicit in what they want and how the candidate matches these criteriaIt helps to communicate equal opportunities policies within the recruitment culture of a business. The law is very clear about discrimination. A person specification ensures you are assessing a candidate on their abilities related to the roleIt means you test all of your candidates against the same list of priorities set out in advance. This helps remove bias, prejudice, and personal interest, all of which can be problematic for recruiting successfullyWhat to include in a person specificationBelow are just a few examples of the types of information about candidates. It’s important to know what is and isn’t appropriate for the vacancy you’re looking to fill. For example, some roles have a legal requirement for the candidate to have a set level of training and qualifications. For specialist advice on your industry, get in contact with one of our consultants here. It can be a sensitive document if approached incorrectly, so it’s better to be safe than sorry.Attainments - e.g. qualifications, experience, positions heldSoft skills - e.g. relationship building, public speaking, time managementJob-specific capabilities - e.g. use of different software or programs, or team managementPersonality traits - e.g. proactive, patient, motivated, attention to detailPhysical attributes - e.g. height, eyesight (note - these must be a justified requisite to complete the tasks within a role, not a preference)"While the employee and the employer have similar goals, ethics and job satisfaction, the employee will continue to work hard and give loyalty."Claire Harvey, Managing Director, ReedTop tips when writingBe realistic: It's incredibly rare that any candidate will tick all the boxes. Ensure you know your must-haves from your nice-to-haves before startingIdentify existing skill-gaps: The most successful teams are those that are made up of individuals that bring something different to the department. Consider where your weak spots are and seek those out in the desired skills sectionConsider how you might assess the criteria: Can the candidate be tested or demonstrate the desired attributes in an interview situation when asked? If you can't think of an example, it may be unfair to expect them to.Check your tone of voice: It's a good idea to have one or two people read over the document to check all points are conveyed in an appropriate manner and cannot cause offense.Easing the onboarding processOnce a candidate has been chosen, the person specification makes integration and training much more organised because you will already be aware of what the candidate is able to do. For example, if your specification required someone with excellent computer skills as being essential to the role, then you would only need to give a brief induction to the computer systems of your business. It can also assist with creation of learning and development plans where they perhaps didn’t have certain desirable skills (yet)!Recruitment agencies are experts in creating person specifications. Get in touch with one of our specialists for more advice on finding the best person to help reach your business goals
How to choose between candidates
Sometimes during the recruitment process you may come across two candidates who ticks all the right boxes, but you may only have one position to fill. Trying to choose between candidates who have both impressed at the interview stage, and appear suitable on paper, can be difficult. So what exactly should you be looking for when choosing between two candidates?ExperienceWhile it may appear obvious that a candidate with more experience is more employable, sometimes two applicants will have similar levels. It is worth considering which candidate will provide more in the specific scenario of your company. One candidate may be more suited to the actual demands of the role (remember - desirable doesn't necessarily mean necessary); another may have experience in areas you may look to expand into in the future. Yet, don't write off the value of bringing in someone from an outside industry for a fresh perspective.Also ask yourself if you'd prefer a safe pair of hands – someone that can do the job already, but who may potentially get bored of it quickly; or someone who maybe has a bit less experience, but is ready for the next step up into this role.Who wants it more?Following on from this, how much the candidate wants the job is an important factor. It is important to determine whether they simply need a job or if the position you are potentially offering them is their ideal role.Someone who wants to work in your field, and for you specifically, could bring you a lasting tenure, whereas somebody looking for a stopgap position is more likely to move on when something more suitable presents itself.ChemistryIt is not only a potential candidate's skill set that should be taken into account during selection, but also their softer skills. A new employee with strong interpersonal skills who easily gels with you and your team will be able to start working to the best of their abilities and operating successfully within the team more quickly than others.A candidate should be gauged on their cultural fit to the company and their fit with those they will be working with and for. Moreover, someone who is predisposed to work as an individual may not be as effective in a team that tends to work closely together. Remember – you're probably going to have to get on with them every day, so liking them is also important.ConnectionsIf choosing between two potential candidates is still proving difficult, it can be useful to look at what else they bring to the table. A candidate with a strong client base or background with already established relationships and connections that will bolster your company could help to secure contracts that you otherwise may not have won.
Reed’s Malta salary guide 2022
Looking for 2023 salaries? Pre-register for a free copy of our 2023 Reed Malta Salary Guide today and we'll notify you as soon as it's launched.One of the biggest challenges facing businesses in Malta in 2022 is attracting and retaining staff - the best way to do this is to offer competitive salary and benefits packages.The most common benefits that Maltese companies offer are health insurance and annual bonuses, but the most valuable, sought-after benefit is flexible working. In addition to flexible working, employees are increasingly seeking career development opportunities. And, businesses that invest in these areas will be the most attractive to jobseekers.“On top of offering flexibility and competitive salaries and benefits, businesses should also remain open-minded when it comes to finding the right people. You will find some of your best workers by taking on those who are slightly less experienced and then providing them with training and support to fit your business needs. Offering upskilling and training opportunities to both new and existing colleagues will put you in a good position.” - James Reed, CEO and Chairman, Reed Using data from the jobs we have taken across Malta, our 2022 salary guide is the ultimate way to benchmark salaries. Who is this salary guide designed for?Our salary guide has been designed to inform jobseekers, employers and existing employees.Businesses can use our guides to inform their talent acquisition strategy, ensuring they stay ahead of their competition and attract the best talent. Those looking for jobs can discover their worth and know what is on offer in their sector across the country.Employees can also use the guide to benchmark their existing salary against the national average.What sectors does the Reed salary guide cover?The guide covers eight of Reed’s specialist recruitment sectors in Malta, providing information on roles at all levels. So, whether you are looking to hire a new finance director, head of marketing or CEO, or you are looking to progress from your role as an HR executive, to an HR manager, our salary guide has the information you need to help reinforce the decision you make.Reed’s 2022 Malta salary guide covers the following areas:· Accountancy & finance· Business support · Financial services· Human resources· Procurement & supply chain· Sales & marketing· Technology· Temporary positions Why should I download Reed’s salary guide?Our salary guide reliably assesses the salary for hundreds of roles, ranging from 2019 to date. It also provides details of what each role is worth in 2022 – giving you a lower, average and upper salary band.Not only do we highlight the salaries for some of the most popular jobs in Malta, but our recruitment specialists also highlight some of the key trends in the labour market for each sector, offering advice and guidance for those looking for jobs as well as those hiring. “2022 is the time for businesses to focus on the future, reflect on how the pandemic has shifted employees’ perspectives on employment, and look at their aspirations for the next 12 months. “There will also be many opportunities for professionals this year. Businesses are seeking professionals who are self-motivated, excellent team players, agile and willing to adapt to the changing environment, and open to learning new skills.” - Ella Dzierzanowska, Business Manager, ReedAs the importance of offering the right benefits package is now more important than ever, our guide also gives you advice and ideas on some of the most attractive benefits jobseekers look for, and employers offer.