Pay awards for private sector managers are decelerating at all levels and across industry groups, according to the latest quarterly survey of management pay trends by the IDS Management Pay Review.
The survey is based on over 202 public and private sector reviews conducted over the period April to July 2003 and covers over 70,000 managers and professionals.
Over the three months to July 2003, average and median salary rises for private sector managers were three per cent and 3.2 per cent, representing falls of 0.6 and 0.2 percentage points respectively on the previous quarter.