TITLE

Business growth boosts bosses pay

PUB. DATE
July 1998
SOURCE
Management Services;Jul98, Vol. 42 Issue 7, p3
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The 1998 National Management Salary Survey published by the Institute of Management (IM) and Remuneration Economics shows both managers and directors fared better than the population as a whole Average Earnings Index was up by 4 percent and enjoyed an increase in real terms. After taking inflation into account managers' pay rose by 3.6 percent, while directors were 6.9 percent better off in real terms. These findings are an indication of the sustained levels of corporate profitability in Great Britain over the past 12 months and the increasing link between executive remuneration. Sixty one percent of executives received a bonus in the year to January 1998, an increase on 59 percent in 1997 and 45 percent in 1995. Sixty four percent of directors received bonuses this year and 60 percent of managers received bonuses. So basic executive salaries have risen by a more modest 5.7 percent. The research reflects the current buoyancy in the management employment market.
ACCESSION #
11761282

 

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