Business people salary

Salary and Working Conditions for Business Managers

Business managers are professionals often associated with the responsibility of store operations and sales. Within this occupational group, you can find sales-oriented store managers and department managers in retail stores. Here is a closer look at what a business manager earns and the working conditions within the profession.

What Does a Business Manager Earn?

The average salary for a business manager is 36 800 SEK per month. This represents an increase from the previous 35 500 SEK. Men in the profession earn an average of 37 100 SEK, while women earn slightly less at 36 500 SEK. This means that women earn approximately 99% of what men do in the same occupation. Hourly employees in this role have an average hourly wage of 221 SEK, based on 166 working hours per month.

Salary Disparities

There are some salary differences based on gender and education. The highest salary for a business manager is 43200 SEK, held by a male private sector employee with a post-secondary education of less than three years. For women in the profession, the highest salary is 37700 SEK. The lowest salary for a business manager is 34800 SEK, belonging to a female private sector employee with a similar educational background. For men, the lowest salary is 34900 SEK.

Job Responsibilities for Business Managers

As a business manager, you are responsible for a store or a department within a larger store. Responsibilities include leading and motivating staff, managing inventory, planning sales strategies, and ensuring the store meets its financial goals. This role requires both leadership skills and a good understanding of business operations.

Education and Requirements

To work as a business manager, experience in sales and leadership is usually required. A post-secondary education in commerce, economics, or a related field can be advantageous. Many employers also offer internal training to develop employees' skills in specific areas.

Competition and Job Outlook

There is some competition for jobs as a business manager, especially in larger cities where there is a greater pool of qualified candidates. The job outlook for the profession is stable, with a continued demand for skilled leaders in the retail industry.

Benefits and Work Environment

Benefits for business managers can vary depending on the employer. Some companies offer paid training, which can be beneficial for career advancement within the company. Other benefits may include flexible working hours, a mobile phone, or a work computer. However, the opportunity to work from home is limited in this profession due to its hands-on nature.

In conclusion, the role of a business manager offers a good salary and opportunities to develop leadership skills. It is an inspiring career for those who enjoy sales and working with people.