Who#s top of the pay pile?

Who’s top of the pay pile?

Saunders A.Management Today, (UK), September 2005, Start page: 42, No. of Pages: 6

Purpose – To highlight some of the major findings of Management Today’s 2005 bi-annual salary survey. Design/methodology/approach– Presents and discusses the findings of the global exercise which enquired into the compensation of chief executives, HR directors, accounts and manufacturing workers; income tax rates; bonus and incentive payments;redundancy pay; retirement income; projected pay rises; private sector versus public sector salaries; absenteeism levels; entrepreneurial activity; tenures of departing CEOs; millionaire numbers; the world’s safest cities; manager’s earnings by UK region; female managers’ earnings; recruitment/retention problems; and ethnic employment levels. Findings – Presents detailed tables of the categories studied, which reveal that in general; the US tops the salary league for corporate bosses, with Germany beating the UK into second place for the first time in six years; pressure on the public sector to commercialise is leading to big salaries and better bonuses for the bosses who spend UK taxpayers’ money; while the US and the UK have the most millionaires, the growth in high net worth individuals is fastest in Singapore and South Africa; and UK managers’ earnings are up across the board, but women are still earning up to 22 percent less than their male colleagues. Originality/value – Discusses the findings of the latest Management Today survey of who earns how much for doing what, where, and whether they’d be better off doing it somewhere else.Style: Research paperISSN:0025-1925Reference: 34AU008

Keywords: Bonuses, Directors, Income tax, Redundancy, Remuneration