Four Decades in Management Pay
01 April 2013
The latest findings from CMI's annual National Management Salary Survey, published with XpertHR, summarises forty years of the survey, showing that Chief Executives earn 30% more than forecast on the basis of salaries recorded when the National Management Salary Survey first took place 40 years ago
Since being established in 1973 the National Management Salary Survey has monitored the remuneration packages paid to professional staff, managers and directors. Over the past forty years and through five recessions, average middle-manager salaries have risen from £3,855 to £43,456 and chief executives’ earning have increased by £205,279 from £10,600 to £215,879. These figures have also been investigated with purchasing parity power and show an increase in the prosperity of managers over the past forty years. In this White Paper we have summarised the findings of the 40th annual National Management Salary Survey which was produced in partnership with XpertHR.
The latest data gained from this survey explores changes in bonuses, labour turnover, recruitment and skills development. On average basic salaries for managers on all levels have risen by 3.0 per cent over the past year, whereas the average salaries of chief executives has increased as much as 15.8 per cent with bonuses – begging the question of whether such stellar pay has been justified by exceptional performance
Published: April 2013