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
figures.
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,”
he said.
Further Reading:
6.1%
salary rise for AIM directors –three times the rate for UK employees
Sharp
joins Daisy Group as finance director