Belfast Telegraph

Home News UK

'Large rises for managers unlikely'

Managers are unlikely to receive big pay rises this year, according to a new report which forecasts increases of around 2.4%.

Senior staff in the public sector are only in line for an average increase of 1.3%, Incomes Data Services (IDS) predicts.

"Managers are unlikely to see significant uplifts to their salaries during the upcoming pay round, with around three-quarters of all management pay awards falling in the first six months of the year," said Adam Cohen, author of the report.

"Management pay trends over the coming year will be similar to the last 12 months, with few dramatic shifts in direction being signalled by employers.

"The UK economy may be on the road to recovery, but our own survey of employers' expectations suggest that this greater prosperity is unlikely to translate into higher pay awards for managers and professionals this year."

The study found that median basic salaries for main company board directors were running at just under £190,000, compared with £112,000 for their counterparts in the public sector.

The report confirmed that bonuses played an important part in private sector pay packages, worth a median of 50% for directors.

Your Comments

COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting? customercare@belfasttelegraph.co.uk

Popular

From Belfast Telegraph