'Large rises for managers unlikely'

First published in National News © by

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.

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