Management Pay Rises

May 1989
Management Services;May89, Vol. 33 Issue 5, p52
Academic Journal
The Reward Management Salary Survey published at the end of March in the periodical Management Services shows a base management pay rise of 8.5 percent. The sample of entries to the May, 1989 edition of Reward, has passed the 25,000 mark for the first time and is also based on information from over 1,000 companies, reflecting the increasing need by companies for pay data and the benefits of providing data to Reward. Results of the survey show that over the last eighteen months there has been a steady decline in the level of bonus payments to managers whilst, at the same time, base pay has been pushed up by the addition of merit awards. The result is that although the May, 1989 edition of Reward shows a base pay rise of 8.5 percent, total pay is only up by 7.5 percent. Participants on a matched sample basis actually awarded average base awards of 6.5 percent and the addition of 2 percent to reach the 8.5 percent figure is largely due to additional merit awards, which are added permanently to the base pay. Therefore, one really have a three-stage picture for the average company's treatment of management pay awards.


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