Retail chief execs notch up £230k pa salaries

Chief
executives in the retail sector earn a base median pay of almost a quarter of a
million pounds a year.

Research
by Mercer Human Resource Consulting reveals that chief executives in the sector
typically earn £230,000 a year, while at the other end of the scale sales
assistants earn £10,650.

The
research shows that average salaries for distribution directors are more than
£100,000 a year.

Buying,
finance, marketing and merchandising directors all earn more than £90,000 a
year. Buying and merchandise managers salaries tend to earn above £50,000 while
brand and store managers earn in excess of £30,000 a year.

Sales
supervisors earn around £15,000 a year.

Almost
all of the 20 retail companies polled operate bonus schemes. Two-thirds of
bonus schemes operated are discretionary or performance based, while the rest
use guaranteed bonuses or profit share schemes.

The
average turnover rate for sales assistants is 55 per cent.  www.mercerhr.com

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