BusinessPeople In BusinessDirectors start to feel the pinch as salary rises slow

Directors start to feel the pinch as salary rises slow

Deloitte reveal directors salaries starting to slide

A report by Deloitte has shown that salary increases for FTSE 350 executive
directors has slowed in comparison to the same period in 2007.

The increase in salaries has slowed to 6.2% compared with 7% in the last
year. The research also shows that although businesses are cutting back, they
are still willing to pay for the business superstars in order to safeguard a
strong management team.

Carol Arrowsmith, partner and head of the remuneration team at Deloitte,
said: ‘Executive salary increases during 2007 were still around 2% higher than
increases in RPI and average earnings but we are starting to see the impact of a
tougher economic climate on salary increases.’

Deloitte also found that the FTSE 100 is breaking into a FTSE 30 when it
comes to pay. The CEOs of the top 30 companies in the FTSE 100 could expect to
see their salaries top £1m, while the rest are in the region of £750,000.

Executive directors in the top 30 also have the potential to earn four times
their salary in incentives, compared to just under three times for the remaining
FTSE 100 directors.

Further reading:

Women
receive
lower
bonuses
than men

Related Articles

Women in Finance ranking 2018

People Business Women in Finance ranking 2018

2m Alia Shoaib, Reporter
Shortlist announced for British Accountancy Awards 2017

Accounting Firms Shortlist announced for British Accountancy Awards 2017

9m Emma Smith, Managing Editor
Pimlico Plumbers to take employment case appeal to Supreme Court

Legal Pimlico Plumbers to take employment case appeal to Supreme Court

9m Alia Shoaib, Reporter
HMRC appoints new director generals

HMRC HMRC appoints new director generals

9m Alia Shoaib, Reporter
Submit your entry for the British Accountancy Awards!

People Business Submit your entry for the British Accountancy Awards!

10m Emma Smith, Managing Editor
BDO appoints two non-executive directors as advisers to leadership team

Accounting Firms BDO appoints two non-executive directors as advisers to leadership team

10m Emma Smith, Managing Editor
Ex-HMRC chief to join ICAS council

HMRC Ex-HMRC chief to join ICAS council

1y Emma Smith, Managing Editor
Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

Consulting Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

1y Stephanie Wix, Writer