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Latest News

Senior Techmark staff lose out in salary stakes

by Personnel Today 22 Dec 2000
by Personnel Today 22 Dec 2000

Directors working for Techmark companies generally receive lower basic salaries than their counterparts in more traditional industries, research has revealed.

A survey by London-based New Bridge Street Consultants looked at how much executive directors employed by companies in the Techmark sector are paid.

Techmark companies are innovative and technologically advanced firms, which sit within the traditional FTSE Index.

The survey’s findings also showed that, although Techmark directors receive lower salaries than their colleagues in other sectors, they could potentially earn more through annual bonus and share options.

New Bridge Street Consultants concluded that the fall in value of Techmark shares and the consequent impact on share options are likely to lead to pressure to close the salary gap with traditional companies.

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www.nbsc.co.uk

By Ben Willmott

Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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