Leisure pay rises compensate for poor bonuses

The
average basic salary for leisure company directors has risen by 8.2 per cent in
the year to July 2003.

The
latest sector survey by consultant Janet Salmon, which covers more than 60
leisure companies, also reveals inflation-busting pay rises were awarded to
development managers (15.8 per cent), information services managers (14.2 per
cent) and purchasing managers (13.4 per cent).

Lower
increases were awarded to HR directors (1.4 per cent), financial managers (2.3
per cent) and sales managers (2.6 per cent).

The
survey also finds that management salaries rose by 7.5 per cent on average,
while chief executives gained smaller pay rises of 3.9 per cent.

"Salaries
have been rising to compensate for the drop in bonus and long-term incentive plans,"
states The 2003 Annual Remuneration Survey of the Leisure Industry.

The
average value of pay bonuses has fallen in eight of the 14 job groups surveyed,
compared with last year, including a drop from £27,036 to £4,747 for HR
directors.  www.btinternet.com

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