Pay hike sees FTSE 100 finance heads average £1.7m
Finance chiefs of FTSE 100 companies enjoy an average pay packet of £1.7m a year, after those in this key role at UK-listed firms saw an inflation-busting 4.7 per cent average pay hike in the past year.
That’s according to figures published by research firm Incomes Data Services (IDS), which also reveal an especially stark increase in the pay packets of finance bosses at companies listed on the junior market, Aim.
These businesses saw the fastest growth in finance directors’ salaries, with an average increase of 5.9 per cent in the last year, taking their average salary to £143,000 and pay to £174,000 when bonuses, share-option profits and incentive payments are included.
But clearly being a number cruncher at the helm of a FTSE 100 firm is the place to be to receive top dollar: the average pay of £1.7m per year includes salary, bonuses, share-option profits and incentive payments, but the mean salary alone was £502,000, a 3 per cent increase over 2012.
More compliance in UK firms has led to a shortage of qualified, experienced candidates, pushing up salaries, according to IDS.
Nasreen Rahman, the author of the report, said: “Listed companies are now finding that it can be difficult to find someone appropriate for their finance director positions, as there is a limited pool of candidates with the breadth of skills and experience now required for the role – pushing up the value of those that do have the qualities that businesses are looking for. This small, elite group can command very high salaries, which continue to grow.”
While the salaries of FTSE 100 finance directors make up 13 per cent of total earnings, with more performance-related pay, their Aim-listed counterparts receive 49 per cent of their earnings as salary.
- 1 Dentist who illegally killed Cecil the lion blames local guides for the scandal
- 2 Kate Winslet thanked 'particularly horrible' girl who bullied her at school after Titanic success
- 3 Norwich paedophile ring: Woman at centre of gang who made children 'sexual play things' guilty of 23 offences
- 4 Black and ethnic minority people twice as likely to be hit by Tory cuts than white people, report finds
- 5 Walter Palmer: American dentist revealed as the killer of Cecil the lion in Zimbabwe
Dentist who illegally killed Cecil the lion blames local guides for the scandal
Kate Winslet thanked 'particularly horrible' girl who bullied her at school after Titanic success
Norwich paedophile ring: Woman at centre of gang who made children 'sexual play things' guilty of 23 offences
Black and ethnic minority people twice as likely to be hit by Tory cuts than white people, report finds
Walter Palmer: American dentist revealed as the killer of Cecil the lion in Zimbabwe
Labour leadership contender Jeremy Corbyn says 'we can learn a great deal from Karl Marx'
The last thing Labour needs is a leader like Jeremy Corbyn who people want to vote for
Yvette Cooper: Our choice is years of Tory rule under Jeremy Corbyn – or a return to a Labour government
I am the Jeremy Corbyn supporter that many will tell you doesn't exist
Public anger after French sunbather beaten up by gang for wearing a bikini in Reims park
Labour leadership: New poll shows party is now even 'less electable' than under Ed Miliband
iJobs Money & Business
£22500 - £24500 per annum: Recruitment Genius: Inbound and outbound calls with...
£18000 - £40000 per annum: Recruitment Genius: This fast growing Insurance Bro...
£40 - 45k (DOE) + Benefits: Guru Careers: A Research Associate / Research Anal...
£20000 Per Annum: The Green Recruitment Company: Summary: The Green Recruitm...