Book News: July 19th, 2007

The 2007 National Management Salary Survey from the Chartered Management Institute and Remuneration Economics shows an average increase in earnings of 5.3 per cent, down from 5.7 per cent in 2006. At 5.6 per cent employees in the public sector enjoyed the third highest industry pay rise. The smallest, 2.6 per cent, was awarded to employees in the transport and logistics sector. The Human Resources sector was at the top of the ‘pay rise league table’ with 5.9 per cent.The findings show average total earnings for managers in the public sector of 37,456, pounds compared to 47,449 pounds across the whole of the UK. The figure places managers in the sector as the lowest ‘industry earners’. Those in the pharmaceutical sector are the highest earners in actual terms with 50,525 pounds. In regional terms, the top earning managers are London-based, with 54,808 pounds and their take home pay represents a 29.9 per cent difference against the lowest paid managers in Northern Ireland with 38,399 pounds.

The survey also reveals that resignations in the public sector have increased and now stand at 5.2 per cent compared to 2.6 per cent, last year. In industry terms, the public sector is not suffering resignations as much as retail, with 11 per cent or insurance, with 8.2 per cent, but it is faring worse than the pharmaceutical industry, with 4.4 per cent and food and drink sector, with 3.8 per cent.

The survey is available from Remuneration Economics for 700 pounds.