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Latest NewsEconomics, government & businessPay settlements

Public sector executive pay up 9.5%

by dan thomas 21 Jun 2005
by dan thomas 21 Jun 2005

Senior executives in the public sector were awarded pay rises of up to 9.5% last year, according to new research.

Public sector chiefs saw their average earnings rise to £169,000, the Incomes Data Services (IDS) survey shows.

Salaries of most chief executives in local government topped the £100,000-a-year mark, IDS said. At the same time, top management in government agencies saw their average earnings increase to £112,500.

Royal Mail chief executive Adam Crozier was top of the public sector pay league, with a salary and incentive package worth a potential £814,000.

Steve Tatton, editor of IDS Executive Compensation Review, said: “The public sector often likes to follow the private sector’s lead.

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“Now it seems that top executives in the public sector have taken this one step further by being given top company-style pay rises.”

Figures from Deloitte show private sector executive pay rises in the same period averaged 7%.

dan thomas

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