Wage inflation pushed by senior managers - IDS

Average private sector salary increases hit 3.5% in the quarter to April – up 0.4% against the previous quarter ended in January. Board salaries meanwhile increased 4.1% in the three months to April, against 3.3% for junior and middle mangers and professional and technical staff. However, the real gains have come from bonuses, which at the board level are now running at the equivalent of 57.6% of annual salary. That represents an increase of 18 percentage points on the average level of bonuses this time last year. Bonuses for junior and middle managers are up 4.8%, IDS adds. ...