TITLE

Managers' pay rises shrink for third year in a row

PUB. DATE
June 1993
SOURCE
Management Services;Jun93, Vol. 37 Issue 6, p8
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Managers have seen their rise in earnings shrink for the third year in succession according to the Institute of Management's latest salary survey - the most comprehensive of its kind in Great Britain. The average manager now earns £ 29,838 while the avenge director earns £ 68,722. Forty percent of managers earn over £ 30,000 and 68.8 percent of directors earn more than £ 50,000. The average manager is a 44 year old male. He drives a car and receives 27 days holiday per year. The average director is also male and aged 48. He drives an executive style car with a purchase price of more than £ 19,250. The best paid jobs for managers are in banking, finance and insurance, where the average manager now receives £ 35,021. The worst paid are in other manufacturing industries, where the average stands at just £ 24,533. The best paid directors work in the electricity, gas and other energy industries where the average director receives £ 110,981, while the worst paid are in textiles, leather, clothing and footwear and earning an average of £ 49,835.
ACCESSION #
12423409

 

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