Average Talent Acquisition Specialist Salary in Montenegro for 2024

In this article, we will look at the average Talent Acquisition Specialist salary for 2024 in Montenegro and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Euro. To keep things simple, we are using the EUR currency code instead of the currency symbol โ‚ฌ.

How Much Does a Talent Acquisition Specialist Make in Montenegro?

A Talent Acquisition Specialist working in Montenegro will typically earn around 26,100 EUR per year, and this can range from the lowest average salary of about 12,120 EUR to the highest average salary of 45,200 EUR.

Average Annual Salary
26,100 EUR
Average Monthly Salary
2,175 EUR

Lowest Annual Salary
12,120 EUR
Lowest Monthly Salary
1,010 EUR

Highest Annual Salary
45,200 EUR
Highest Monthly Salary
3,766 EUR

These are average salaries for a Talent Acquisition Specialist in Montenegro and include benefits such as housing and transport. It's also possible for a Talent Acquisition Specialist to earn more or less than the average salaries shown above.

Talent Acquisition Specialist salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Talent Acquisition Specialist Salaries in Montenegro

So we've looked at the average salaries a Talent Acquisition Specialist will earn in Montenegro. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Talent Acquisition Specialist can earn between 12,120 EUR and 45,200 EUR on average in Montenegro. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Talent Acquisition Specialist in Montenegro is 28,860 EUR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 28,860 EUR, and 50% of the population earn more than 28,860 EUR.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Talent Acquisition Specialist salary in Montenegro, 25% of the population are earning less than 18,280 EUR while 75% of the population earn more than 18,280 EUR.

75% of the population earn less than 38,620 EUR, and 25% of the population earn more than 38,620 EUR.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Talent Acquisition Specialist Salary by Experience Level in Montenegro

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average talent acquisition specialist salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Talent Acquisition Specialist in Montenegro that has less than two years of experience can expect to earn somewhere in the region of 14,200 EUR.
  • 2 - 5 Years Experience. With two to five years of experience the average Talent Acquisition Specialist salary would increase to 18,900 EUR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Talent Acquisition Specialist, the average salary would be 29,840 EUR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 33,980 EUR.
  • 15 - 20 Years Experience. A Talent Acquisition Specialist with 15 to 20 years of experience can earn an average of 36,700 EUR.
  • 20+ Years Experience. For a Talent Acquisition Specialist with more than 20 years, the expected average salary increases to 42,320 EUR.

Average Salary by Experience Chart

0-2 Years
14,200 EUR
2-5 Years +34%
18,900 EUR
5-10 Years +48%
29,840 EUR
10-15 Years +22%
33,980 EUR
15-20 Years +9%
36,700 EUR
20+ Years +8%
42,320 EUR

Talent Acquisition Specialist Salary by Education Level in Montenegro

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Talent Acquisition Specialist in Montenegro based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Bachelor's Degree. A Talent Acquisition Specialist in Montenegro with a bachelor's degree education can earn an average salary of 15,380 EUR.

  • Master's Degree. A Talent Acquisition Specialist in Montenegro with a master's degree education can earn an average salary of 34,080 EUR.

Average Salary by Education Chart

Bachelor's Degree
15,380 EUR
Master's Degree +93%
34,080 EUR

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Montenegro is around 13,400 to 40,100 EUR and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Talent Acquisition Specialist Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Montenegro, a male talent acquisition specialist will earn an average of 27,480 EUR, while a female talent acquisition specialist will earn around 27,300 EUR.

This means that a male talent acquisition specialist earns approximately 1% more than a female talent acquisition specialist for performing the same job.

Average Salary by Gender Chart in Montenegro

Male
27,480 EUR
Female -1%
27,300 EUR

Talent Acquisition Specialist Average Pay Raise in Montenegro

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Talent Acquisition Specialist in Montenegro is around 8% every 28 months.

The national average pay raise across all professions and industries in Montenegro is around 5% every 28 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 8 ÷ 28 ) × 12  = 3%

What this means is that a Talent Acquisition Specialist in Montenegro can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Montenegro for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Montenegro.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
9%
Energy
9%
Information Technology
9%
Healthcare
9%
Travel
9%
Construction
9%
Education
9%

Talent Acquisition Specialist Bonus and Incentive Rates in Montenegro

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Talent Acquisition Specialist is a low bonus based job, with 16% of employees reporting at least one bonus in the last 12 months.

84% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 0% to 4%.

Received Bonus
16%
No Bonus
84%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Montenegro earn approximately 32% more than private sector employees in the same role.

Public Sector
35,340 EUR
Private Sector -32%
26,860 EUR

Salaries for Jobs Similar to a Talent Acquisition Specialist

In the table below, we have salary information for jobs that are similar to a Talent Acquisition Specialist in Montenegro.

Job Title Category Salary
Benefits Administrator Human Resources 20,940 EUR
Benefits Analyst Human Resources 24,200 EUR
Benefits Manager Human Resources 42,400 EUR
Benefits Specialist Human Resources 25,680 EUR
Chief Human Resources Officer Human Resources 49,200 EUR
Chief People Officer Human Resources 52,540 EUR
Compensation Analyst Human Resources 24,860 EUR
Compensation and Benefits Manager Human Resources 44,800 EUR
Compensation and Benefits Officer Human Resources 15,920 EUR
Compensation and Benefits Specialist Human Resources 25,680 EUR
Compensation Manager Human Resources 41,900 EUR
Corporate Director of Human Resources Human Resources 54,460 EUR
Corporate Recruiter Human Resources 35,260 EUR
Corporate Trainer Human Resources 24,800 EUR
Director of Talent Acquisition Human Resources 48,160 EUR
Employee Benefits Administrator Human Resources 30,220 EUR
Employee Benefits Consultant Human Resources 36,700 EUR
Employee Benefits Coordinator Human Resources 15,580 EUR
Employee Communications Manager Human Resources 35,300 EUR
Employee Development Specialist Human Resources 35,300 EUR
Employee Engagement Specialist Human Resources 35,560 EUR
Employee Health and Wellness Administrator Human Resources 31,520 EUR
Employee Performance Specialist Human Resources 23,080 EUR
Employee Relations Analyst Human Resources 34,980 EUR
Employee Relations Manager Human Resources 34,380 EUR
Employee Relations Practitioner Human Resources 36,700 EUR
Employee Relations Representative Human Resources 27,020 EUR
Employee Relations Specialist Human Resources 35,520 EUR
Employee Services Manager Human Resources 39,160 EUR
Employee Services Specialist Human Resources 34,160 EUR
Employee Wellness Officer Human Resources 26,080 EUR
Employment Advice Worker Human Resources 17,540 EUR
Employment Interviewer Human Resources 24,860 EUR
Employment Relations Officer Human Resources 17,100 EUR
Employment Service Specialist Human Resources 20,520 EUR
Employment Services Coordinator Human Resources 22,420 EUR
Enrollment Counselor Human Resources 34,080 EUR
Equal Opportunity Representative Human Resources 25,940 EUR
Executive Human Capital Management Human Resources 48,940 EUR
Executive Recruiter Human Resources 34,360 EUR
Expatriate Administration Manager Human Resources 33,520 EUR
Expatriate Administration Supervisor Human Resources 23,080 EUR
Global Mobility Manager Human Resources 41,480 EUR
Head of Human Resources Human Resources 45,000 EUR
Headhunter Human Resources 33,980 EUR
Health Benefits Coordinator Human Resources 19,980 EUR
HRIS Analyst Human Resources 18,780 EUR
HRIS Manager Human Resources 27,480 EUR
HRIS Officer Human Resources 15,880 EUR
HRIS Supervisor Human Resources 16,140 EUR
Human Resources Administration Specialist Human Resources 21,380 EUR
Human Resources Administrative Assistant Human Resources 17,020 EUR
Human Resources Administrative Coordinator Human Resources 19,480 EUR
Human Resources Administrator Human Resources 20,460 EUR
Human Resources Advisor Human Resources 31,980 EUR
Human Resources Analyst Human Resources 30,700 EUR
Human Resources Assessor Human Resources 20,300 EUR
Human Resources Assistant Human Resources 14,540 EUR
Human Resources Assistant Manager Human Resources 38,180 EUR
Human Resources Associate Human Resources 13,780 EUR
Human Resources Consultant Human Resources 42,040 EUR
Human Resources Coordinator Human Resources 14,920 EUR
Human Resources Data Analytics Manager Human Resources 31,940 EUR
Human Resources Deputy Manager Human Resources 37,740 EUR
Human Resources Development Manager Human Resources 45,620 EUR
Human Resources Director Human Resources 52,180 EUR
Human Resources Executive Human Resources 35,340 EUR
Human Resources Generalist Human Resources 26,080 EUR
Human Resources Manager Human Resources 48,160 EUR
Human Resources Officer Human Resources 20,300 EUR
Human Resources Recruiter Human Resources 34,360 EUR
Human Resources Representative Human Resources 18,940 EUR
Human Resources Section Head Human Resources 34,080 EUR
Human Resources Services Manager Human Resources 44,140 EUR
Human Resources Specialist Human Resources 27,040 EUR
Human Resources Superintendent Human Resources 19,220 EUR
Human Resources Training Executive Human Resources 35,000 EUR
Human Resources Vice President Human Resources 50,520 EUR
Industrial Organizational Psychologist Human Resources 43,760 EUR
Job Evaluation Specialist Human Resources 35,300 EUR
Labor Relations Director Human Resources 40,640 EUR
Labor Relations Manager Human Resources 40,560 EUR
Labor Relations Specialist Human Resources 19,360 EUR
Learning and Development Manager Human Resources 41,560 EUR
Occupational Health and Safety Officer Human Resources 20,120 EUR
Organizational Development Consultant Human Resources 41,980 EUR
Organizational Development Manager Human Resources 43,480 EUR
Organizational Development Specialist Human Resources 21,560 EUR
Payroll Assistant Human Resources 15,380 EUR
Payroll Supervisor Human Resources 21,100 EUR
People Development Officer Human Resources 24,200 EUR
Personnel Officer Human Resources 15,880 EUR
Personnel Recruiter Human Resources 35,340 EUR
Records Clerk Human Resources 13,060 EUR
Records Manager Human Resources 21,020 EUR
Recruiter Human Resources 36,800 EUR
Recruiting Coordinator Human Resources 15,920 EUR
Recruiting Manager Human Resources 49,300 EUR
Recruitment Consultant Human Resources 33,960 EUR
Recruitment Officer Human Resources 20,520 EUR
Recruitment Supervisor Human Resources 28,900 EUR
Research Associate Human Resources 16,400 EUR
SAP Resource Manager Human Resources 34,380 EUR
Talent Acquisition Manager Human Resources 46,280 EUR
Talent Management Officer Human Resources 19,980 EUR
Technical Recruiter Human Resources 22,540 EUR
Training Administrator Human Resources 20,520 EUR
Training and Development Manager Human Resources 42,460 EUR
Training and Development Section Head Human Resources 33,520 EUR
Training Executive Human Resources 40,140 EUR
Training Manager Human Resources 44,300 EUR
Training Officer Human Resources 15,300 EUR
Training Specialist Human Resources 26,660 EUR

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