Croner Reward Management Rewards Survey 2006

Croner Reward has released results of its latest annual Management Rewards survey. The survey is based on 14,385 job records provided by 675 companies representing over 1 million employees in the UK.

The survey has revealed that the average UK manager is currently paid 31,289 and that pay has increased by 4.4% for managers in the last 12 months.

Regional differences mean that managers in Central London earn almost 28% more than their counterparts in the South West region.

The survey also shows that those working in the computer services industry have the highest average pay, 36,210 ñ 15.7% above the national average.

Andrew Walker, Business Director at Croner Reward, says: ìThere is so much information made public about pay levels in the UK, some of which can be misleading and most of which is driven by very specific agendas. Once again our survey dispels many of these myths and I am confident that HR specialists and line managers in organisations of all sizes will find this information to be a reliable and objective view of what is really happening to salaries on the ground.î

The key findings of the research are:

Pay increases and forecasts
- The overall increase in management basic pay was 4.4% in the last 12 months. The increase in total pay was 4.9%

- Supervisors and senior technicians received the highest increase at 7.0%

- The average across-the-board settlement for managers has averaged at 3.2%

Industry pay comparisons
- The computer services sector has the highest average pay at 36,210, 15% above the national average of 31,289

- The lowest paying industry is timber and furniture at 26,000, 16.9% below the national average

- The vehicle and parts sector has seen the largest year-on-year earnings movement of 16.2%

Pay by function
- Managers in purchasing and supply have received the largest annual increases (8.8%), closely followed by sales (8.3%)

- The lowest paying function compared to the national average is administration where the average managerís pay is 22,568, 27.9% below the national average.

Regional earnings movements
- The average pay for managers in Central London is the highest in the country at 36,210, 15.7% above the National average. The lowest average pay is in the South West at 27,500, 12.1% below the national average.

- North East Midlands and Northern Ireland, have seen the largest year-on-year increase in average managers pay with 14.8% and 9.8% respectively. This was followed by the Severnside/South Wales region with 7.0%

For more information, or to order a copy of the Management Rewards report please call 01785-813566, email enquiries@croner-reward.co.uk or visit: