TITLE

Small business pay gap widens

PUB. DATE
October 1998
SOURCE
Management Services;Oct98, Vol. 42 Issue 10, p4
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
This article highlights the issue of pay rises for directors and managers in small businesses lagging behind overall executive pay increases in Great Britain for the second year in a row. "The smaller business review" shows executive pay in smaller companies rose by 5.2% in 1998 substantially below the national average for executives of 7.2%. The difference is more marked for directors. In 1998 they received a 3.2% rise in earnings compared with board level increases overall of 10.2%. One reason given for low pay rises was, a decline in bonuses which has had a strong impact on earnings in smaller businesses particularly at board level. Mary Chapman, director general of Institute of Management said that rewards for executives in small businesses closely reflect company performance. Executives in this sector tend to be closer to the front line and feel the impact of fluctuating business trends more acutely. She also said this survey raised concerns on the performance of the small business sector.
ACCESSION #
11857740

 

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