BusinessPeople In BusinessHeadstart: Careers – Think of a number …

Headstart: Careers - Think of a number ...

If you're haven't reached the dizzy heights of being a company director, think of your pay rises over the last seven years - then triple them.

According to a new study by the Trades Union Congress, you should then end up with an idea of the sort of pay rises company directors have enjoyed over the same period. Based on a study of 456 company reports, the TUC concluded that basic pay rises for directors outstripped those for their average employees by a factor of three to one.

It’s only when you read the small print on the TUC’s press release that you notice they only looked at the pay of the highest paid directors of each company.

Their median pay rose from £201,000 in 1994 to £416,073 in 2001 – a rise of 107%. The median of average employee pay in the same companies rose from £19,272 to £25,223 over the same period – a rise of just 31%.

Still, it’s a point well made. ‘This isn’t the politics of envy,’ insisted TUC general secretary John Monks as he released the results. Pull the other one.

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

10m Alia Shoaib, Reporter
Submit your entry for the British Accountancy Awards!

People Business Submit your entry for the British Accountancy Awards!

11m 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

11m 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