The Wage Debate: Be clear about pay grades and levels, says Top Banana

Nick Terry, managing director, Top Banana, gives his views on whether rising wages will intensify the battle for the best events talent. Next up, P&MM.

Nick Terry, Top Banana
Nick Terry, Top Banana

Event agencies are divided over whether rising wages will intensify the fight for the best talent in 2015, following Prime Minister David Cameron's recent call to give Britain a pay rise.

Top Banana's Nick Terry gave his opinion:

"Talent retention is an issue for any business and it is something that we really focus on. We're lucky to have a lot of great people at Top Banana, at all levels, so to keep them and develop them for the future is a priority. It has to be fun to work the hours this industry demands, so we have clear values and behaviours that people are challenged and supported to live by. 

We also have personal development plans for all staff and clear grades and levels within each job title so there is clarity on what an individual needs to do to progress. It is often said that people leave managers, not always a business, and with that in mind, we have clearly defined management behaviours, with managers exposed to bottom up feedback as much as top down challenges. The working culture that all of these things create is an important part of not only retaining our existing talent but attracting new talent to the business too. 

The kind of employees we look for are those that value our vision, mission and values and the framework to deliver them, as well as demonstrating a passion for the niche we are creating in leadership driven events and a desire to be part of an ever growing business with big ambitions. Whilst pay is clearly a really important factor and its important we get this right, the best events talent (or any talent) will never solely be driven by this so the other elements provide the real battleground to attract the best people."

What do other agencies think? 

The Wage Debate: It's still an employer's market, says Conference Care

The Wage Debate: Salary not the most important factor, says drp

The Wage Debate: Creating a supportive culture is key, says TRO

More: 

Conference director salaries hit £100k

Event salaries on rise due to shortage of talent

Rise in senior-level recruitment as salaries remain flat

UK Analysis: Pay is just part of the package

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