Is the money getting better?

Article Abstract:

An analysis of trends in remuneration and salaries reveals that remuneration in Great Britain is keeping ahead of inflation, and may be contributing to inflation. The Top Salaries Review Body, which allocates increases to senior civil service, judges, and senior military, and is used by the Government to set a trend for private sector wages, has approved increases in 1989 of five to seven percent. Raises are to be implemented in one stage rather than the traditional two states. Other government officials getting raises include Members of Parliament, the Prime Minister, and the Leader of Opposition. Analysis of findings indicate that there has been a substantial increase in private sector remuneration for top business executives, closely tied to company profits. The pay for top company directors rose 17.5% adjusted for inflation. Additionally, findings indicate that the pay for women in accountancy is rising faster than that of men, 12.1% to 9.9%, respectively. Starting wages for accountants are increasing at a 12-18% rate, well ahead of the rest of the private sector.

Research, Accountants

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Money, serious money

Article Abstract:

UK top executives and company directors have given themselves large pay increases, although pay increases at lower levels, which peaked at between 11.3% and 11.4% in Apr 1990, fell back to between 9.8% and 10.2% in June 1990. A minimum of 15 UK executives made over one million pounds sterling annually, including Paul Sykes, who was paid 6.015 million pounds by his property company in 1989. A June 1990 Korn Ferry International report revealed that the earnings of top UK executives increased 24% in 1989. The salaries of top executives of Scottish public firms increased 27%, while the pay of accountants increased 10.4% to the year ending Feb 1990.

Officials and employees, Reports, Executives, Executive compensation, Korn-Ferry International

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Is the money good enough?

Article Abstract:

A comparison of professional careers, ranging from lawyers to chief executives, shows that the public sector is not keeping up in terms of financial compensation. Some salaries are higher because there is a lack of qualified people, as is the case for young lawyers. Other professionals, such as doctors working for the National Health Service, earn a comparatively low official salary, but can supplement the salary with private practice and merit earnings.

Analysis, Economic aspects, Incentives (Business), Professions

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