Directors and managers see their wages increase

Managers’
pay rose by 5.2 per cent in the year to January 2003, while UK directors’
earnings increased by 9.8 per cent.

A
survey of 449 organisations, by the Chartered Management Institute and
Remuneration Economics, shows the average total earnings for UK managers now
stands at £41,369, while the average for directors is £164,047.

Bonus
payments made up 28.8 per cent of directors’ total earnings and 9.7 per cent
for managers, whose bonus payments have remained broadly the same since 1998.
The average director’s bonus has doubled since 1999.

Sign up to our weekly round-up of HR news and guidance

Receive the Personnel Today Direct e-newsletter every Wednesday

Email(Required)

OptOut

From time to time, we will send you emails about selected products, events and services from Personnel Today and OHW+ - but you can choose to opt-out at any time. If you do not wish to receive these emails, please tick this box.

Comments

This field is for validation purposes and should be left unchanged.

Δ

HR
managers experienced the biggest pay rise of 7.3 per cent, but managers working
in the financial sector remain the best paid, with average earnings of £46,473.  www.managers.org.uk

view graphic  requires flash enabled browser