The industry is growing rapidly and a career in yachting can be rewarding and a wonderful opportunity to travel the world. But are you worth your salt?
Informed employers recognise that in order to attract the top level of talent and experience for a particular role, one of the strongest influences they have is the salary they can offer. To stay competitive within the industry they must offer competitive salaries that reflect the current marketplace and in order to do this, they must know what the current market rate is. Equally, employees can use a salary report such as this to determine if a job offer is reflective of the industry and the role. Reviewing salaries on a regular basis can help employees make informed decisions about their future without wondering if the grass is indeed any greener on the other side of the fence.
In 2016 YPI CREW launched a new peer¬to-peer salary comparison website for the yachting industry designed to add a greater level of transparency.
The site www.yachtingsalaries.com has now attracted over 4000 salary entries since its launch, establishing the site as the most comprehensive and up-to-date salary database available within the global yachting industry. Best of all, the salary data is free for anyone to access.
Yachtingsalaries.com operates on a ‘give to get’ model. Put simply, it’s a form of sharing - you provide accurate and anonymous salary data by answering a few questions about your current role, and in return you get access to all the salary information shared by other members of the yachting community.
As salary data is entered by members of the community the site works on an honesty system. There is really no incentive for contributors to mislead people about what they earn. Any inflated or inconsistent salary entries can be ‘flagged’ as suspicious by other members of the community or by YPI CREW and quickly removed from the system.
One of the other key differences of the site over the traditional ‘once a year’ salary survey is that salary data is continually added by site visitors on a daily basis, with the salary database updated in real time and available for instant searching. The hope is that the site becomes a rich and indispensable research resource that is continually referred to by yacht crew seeking work and employers alike.
To visit the site and contribute your salary details or conduct a free search of the salary database, please visit www.yachtingsalaries.com
NOTE: ALL SALARIES ARE IN EUROS AND ARE ON A PER MONTH BASIS