FDs salary jumps 5.4% in recession
AIM-listed FDs out pace their Fledgling and Small Cap colleagues
Finance directors from AIM-listed companies were awarded an average pay
increase of 5.4% according to a salary-monitoring firm.
The increase was marginally less than directors in general which averaged a
6.1% increase according to data from Incomes Data Services (IDS).
Finance directors from Small Cap companies experienced an average 4.8%
increase while fledgling finance directors enjoyed a 3.5% jump.
AIM-listed finance directors earned an average £142,061 according to the
Steve Tatton, from IDS, said in the recession bonuses seemed to be an
endorsement of the “pay-for-performance culture”.
“But given the depth of the downturn it is not evident that if the equation
holds that any payments at all should be awarded under current circumstances,”