For many working in the yachting industry, the topic of pay is a significant one. Traditionally, yacht jobs have offered good earning potential which, coupled with low-to-no living expenses, has long made the yachting industry an attractive place to work.
However, the simple question of ‘how much?’ is becoming increasingly complex. At The Crew Hunter, we speak to many crew who are raising questions about whether salaries are keeping pace with inflation.
And, it’s not just about the numbers in your bank account. While a fair wage is undoubtedly a key factor in job satisfaction, the overall package – benefits, living conditions, work environment, and progression opportunities – plays a crucial role in what makes a yacht job truly appealing and sustainable in the long run.
Read more below about this important issue, and take part in our confidential survey to share your experiences.
Are Salaries Keeping Up?
The demanding nature of yachting, with its long working days, unpredictable schedules, and high expectations warrants a compensation level that reflects this commitment. While salary expectations among crew are increasing, the reality of the salaries on offer just simply isn’t matching up.
One of the growing concerns we hear from crew at The Crew Hunter is whether their earnings are keeping pace with inflation. Many report that their base salaries haven’t seen substantial increases in recent years, which is impacting their purchasing power and potentially making the industry a less attractive place to work.
If yacht salaries aren’t keeping pace with inflation, are we risking losing talented crew to other sectors or shoreside opportunities?
The Full Package
While a fair salary is fundamental, a range of other factors can significantly influence crew satisfaction and retention.
Yes, money is important, but there are many other aspects of an employment package that can offer value, in terms of long term growth and the overall experience at work.
So, what other considerations are there?
Professional Growth & Security
Opportunities for professional development and training are highly valued by crew looking to advance their careers. Access to relevant courses, support for certifications, and clear pathways for promotion demonstrate an employer’s investment in their team’s long-term future.
Feeling secure is a significant factor for many. Clear and fair contract terms, as well as a sense of stability and reliability from the yacht’s management, contribute to peace of mind and allow crew to plan their futures with greater confidence.
Onboard Experience
The day-to-day life on board significantly impacts crew wellbeing. This encompasses the onboard culture and how well crew members interact, the quality of their accommodation, facilities, the standard of food provided, and the interest and appeal of the yacht’s itinerary and the destinations visited. A positive and supportive environment in these areas can make the demanding aspects of the job more manageable and enjoyable.
Other Benefits
Beyond the basic salary, a comprehensive benefits package can greatly enhance the overall appeal of a role. This includes access to medical, flights, and even pensions.
The structure of any bonus system can also play a role in the perceived value of the total compensation. But there’s also a question of how motivating the 13th month bonus truly is? Would crew be willing to stay on board for an entire year in an environment which isn’t conducive to their professional growth, experience and wellbeing?
What truly motivates you?
Ultimately, what motivates each individual crew member can vary.
While financial stability through a fair and inflation-responsive salary is a core need, the desire for career progression, a positive and comfortable living and working environment, and the security of a well-structured employment package are also powerful drivers.
Understanding this multifaceted perspective is crucial for both crew seeking fulfilling roles and for employers aiming to attract and retain the best talent in the industry.
Share your experiences and help us understand the full picture of what truly matters to yacht crew.
Take part in our confidential survey.
