Skip to main content

Fat-cat managers in the minority

Jan 05 2007 by Nic Paton
Print This Article

While some high-ranking executives do earn mega-bucks and big bonuses, the vast majority of British managers are paid relatively modestly, with pay increases of little more than 4 per cent last year.

Managers in London earned nearly a third more than their counterparts in the poorer south-west of England, the poll added.

The study from pay and benefits consultancy Croner was based on 14,385 job records provided by 675 companies, and found that the average UK manager was paid £31,289 last year.

Those working in the computer services industry had the highest average pay, £36,210, some 15.7 per cent above the national average.

Andrew Walker, Croner business director, said the survey showed some of the debate about and criticism of executive remuneration was misleading.

The figures are certainly at odds with claims last month by the union body the TUC that boardroom pay in Britain was out of control, although it is clear that the Croner research is mostly focused on managers lower down the scale than this.

The overall increase in management basic pay was 4.4 per cent in the past 12 months and the increase in total pay was 4.9 per cent, he added.

Supervisors and senior technicians received the highest increase (7 per cent), with the average across-the-board settlement for managers coming out at 3.2 per cent.

The lowest paying industries for managers were timber and furniture at £26,000, 16.9 per cent below the national average.

Related Categories

Latest book reviews

MORE BOOK REVIEWS

Super Adaptability: How to Transcend in an Age of Overwhelm

Super Adaptability: How to Transcend in an Age of Overwhelm

Max McKeown

Max Mckeown's heavyweight new book draws from neuroscience, psychology and cultural evolution to develop a practical framework for human adaptability. It might also help you move from paralysis into abundance

The Voice-Driven Leader

The Voice-Driven Leader

Steve Cockram and Jeremie Kubicek

How can managers and organisations create an environment in which every voice is genuinely heard, valued and deployed to maximum effect? This book offers some practical ways to meet this challenge.

Lead Like Julius Caesar

Lead Like Julius Caesar

Paul Vanderbroeck

What can Julius Caesar's imperfect story - his spectacular failures as well as his success - tell us about contemporary leadership challenges?