Managers pay rises and forecasts

June 1987
Management Services;Jun87, Vol. 31 Issue 6, p25
This article presents information on the rise in British managers' pay. Managers' basic pay levels rose 6.3 percent in the year to February 1987 according to the latest R£WARD management report out at the end of March. The information is based on input from over 700 companies throughout Great Britain, who were also asked to forecast their own likely change for the next twelve months. This forecast is 5.5. percent. It is important to realize that these are average figures and conceal wide differences, not only between companies, but also with the dramatic upsurge in differential merit pay awards between individuals within a company. The average management basic salary is 12000 pound having broken the 12000 barrier for the first time. However, some areas are not so fortunate. It is only in London, the South East and Scotland where this is true. Elsewhere, the average is lower, and the West Midlands only just scrape over the 11000 line. A comparison of pay and costs of living in the regions provides interesting results. The London and South East areas, although paid above the national average are generally under compensated for the increased costs they have to pay but in the lower costs areas the reverse is generally the case.


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