Small rewards for small business

December 1997
Management Services;Dec1997, Vol. 41 Issue 12, p4
This article comments on the earnings of managers employed in various small companies. The Smaller Business Review, launched by the Institute of Management (IM) and Remuneration Economics, shows that executives in smaller companies has received 6 percent increase in their salary during the year 1997 as compared with the national average of 6.4 percent. IM research during the past few years has revealed a skills deficit in Great Britain's small businesses. This deficit is constraining their profits and pay. The bonus culture is making a comeback. Forty percent of managers in small companies are now receiving bonuses. The amount of bonus paid has also increased from 9.1 percent of average salary to 11 percent. The typical manager in a small organization now earns an average of £30,960 boosted to £31,962 with a bonus included. During the year 1997, women managers has performed slightly better than their male counterparts with an average increase in earnings of 6.6 percent in comparison to 6 percent for men.


Related Articles

  • The Ombudsman: Are Top Executives Paid Enough? An Evidence-Based Review. Jacquart, Philippe; Armstrong, J. Scott // Interfaces;Nov/Dec2013, Vol. 43 Issue 6, p580 

    Our review of the evidence found that the notion that higher pay leads to the selection of better executives is undermined by the prevalence of poor recruiting methods. Moreover, higher pay fails to promote better performance. Instead, it undermines the intrinsic motivation of executives,...

  • The Ombudsman: Is the Evidence Sufficient to Take Action on Executive Pay? Reply to Commentators. Armstrong, J. Scott; Jacquart, Philippe // Interfaces;Nov/Dec2013, Vol. 43 Issue 6, p602 

    The experimental evidence in this collection of papers is sufficient for organizations to take action--at least with respect to investigating or testing alternative pay schemes. Some organizations have already implemented a number of these procedures. The failure of an organization's directors...

  • Cha-Ching! High Yield Brings High Bonuses. C. J. C. // Bank Loan Report;11/16/2009, Vol. 24 Issue 44, p2 

    The article offers information on the 2009/2010 Global Financial Overview & Compensation Report released by Operations Group. According to the conpensation study, leveraged loan and high yield bond professionals are posed to receive a bunos of 45% to 50%. Examples of these professionals are...

  • HUNTSMAN BOARD BAGS BIG BONUSES IN 2005. Robinson, Simon // ICIS Chemical Business;7/17/2006, Vol. 1 Issue 28, p7 

    The article reports on the increase in the salary and bonus package offered by Huntsman to its top five executives in 2005. The salary and bonus package increased $11.8 million compared with $4.8 million in 2004. This increase reflects the operating income of the company. The bonuses were partly...

  • The CEO Pay Package Unwrapped.  // Credit Union Management;Oct2012, Vol. 35 Issue 10, p11 

    The article reports on the executive compensation survey which indicates that chief executive officers (CEOs) received an average 5.93% increase in base salary plus bonus/incentive pay in 2012 in the U.S.

  • The Ombudsman: Evidence and Executive Compensation--Like Trains Passing in the Night? An Introduction to "Are Top Executives Paid Enough?". Pfeffer, Jeffrey // Interfaces;Nov/Dec2013, Vol. 43 Issue 6, p578 

    The following articles review the ever-growing literature that demonstrates how senior executive compensation practices remain disconnected from relevant empirical literature. The problem is that management is still not an evidence-based profession, and there are few sanctions for either...

  • The Ombudsman: A Closer Look at the Efficiency of Top Executive Pay and Incentives. Armstrong, Christopher S. // Interfaces;Nov/Dec2013, Vol. 43 Issue 6, p590 

    Jacquart and Armstrong [Jacquart P, Armstrong JS (2013) Are top executives paid enough? An evidence-based review. Interfaces 43(6):580-589] offer a series of provocative recommendations aimed at improving current executive compensation practices. I argue that when executive compensation...

  • Negotiating an Executive Compensation Agreement. Burger, Peter F. // Business NH Magazine;Dec2002, Vol. 19 Issue 12, p27 

    Explores key issues relevant to negotiating an executive compensation agreement. Types of employment contracts; Identification of goals; Cash compensation; Cash bonuses; Deferred compensation.

  • More than a fair day's pay. Balls, Ashley // NZ Business;Mar2012, Vol. 26 Issue 2, p72 

    The author addresses the issue of executive pay and compensation in the small- and medium-sized enterprise (SME) sector in New Zealand. He cites a pattern that has developed when it comes to executive pay. He recognizes the abuse occurring with the practice of consulting assignments and he also...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics