Small business pay gap widens

October 1998
Management Services;Oct98, Vol. 42 Issue 10, p4
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.


Related Articles

  • 2005 Materials Management Salary Survey shows slow, steady gains. Akridge, Jeannie // Healthcare Purchasing News;Jul2005, Vol. 29 Issue 7, p28 

    Presents the results of the 2005 Materials Management Survey in the U.S. healthcare materials management industry. Reported earnings of materials management executives; Salary increases; Comparison of the earnings between men and women in materials management.

  • Study: Salary increases holding steady for 2009.  // Business Journal (Central New York);11/7/2008, Vol. 22 Issue 45, p5 

    The article reports on the national survey conducted by Buck Consultants Inc., the global human resources consulting firm in New York, in 2009. According to the survey, the businesses average salary increases are so far bucking the economic uncertainty and remain consistent for fiscal year 2008...

  • Admin salary guide for 2012.  // Administrative Professional Today;Jan2012, Vol. 38 Issue 1, p2 

    The article focuses on the 2012 Salary Guide from Robert Half International which shows the 3.4% expected increase in the salaries for administrative professionals and the qualities that administrative professionals must have including communication, flexibility, and can-do mindset.

  • INW executive pay bounces back. Parish, Linn // Journal of Business (10756124);7/14/2011, Vol. 26 Issue 15, pA1 

    The article reports on the nearly 18 percent increase of executive compensation in Washington in 2010 due to growth in stock and stock-option awards.

  • Economic uptick won't generate salary hikes. Tita, Bob // Crain's Chicago Business;10/27/2003, Vol. 26 Issue 43, p1 

    The economy may be growing stronger, but salary hikes for Chicago, Illinois-area managers next year will be positively timid. Many firms have resorted to performance-based bonuses, stock options and increased contributions to pensions as alternatives to significantly raising base-pay levels. At...

  • Chief executive pay rise three times higher than health service target.  // Nursing Management - UK;May2010, Vol. 17 Issue 2, p5 

    The article focuses on data from a boardroom pay report by the Incomes Data Services (IDS) which show that average chief executive pay increase at the British National Health Service (NHS) was at 6.9% in 2009, three times higher than the 2.2% target of the Department of Health.

  • For senior executives, salaries rise. GENTRY, CONNIE ROBBINS // Home Channel News;1/10/2011, Vol. 37 Issue 1, p33 

    The article offers information on the economic forecast for the senior executives in retail companies for 2011 in the U.S. It states that the salaries are expected to increase for the senior executives. It mentions that according to the Society for Human Resource Management (SHRM), the salaries...

  • Waging bull. Laurence, Michael // Bulletin with Newsweek;3/13/2007, Vol. 125 Issue 6560, p45 

    The article presents information on different strategies of Don Smith, managing director of Sydney, New South Wales-based Harris Smith & Associates, for executives to negotiate top pay deals. Smith says that an executive should not let his boss off the hook with a modest rise if his skills are...

  • SPECIALIZATION PAYS. Coombs, Joseph // HR Magazine;Dec2011, Vol. 56 Issue 12, p28 

    The article focuses on human resource (HR) personnel salary levels in 2011. It states that most U.S. human resource professionals didn't see much in the way of pay raises in 2011, with percentage increases in median total cash compensation (MTCC) for common HR positions being below the average...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics