T a time when Peter Shore is drawing our attention to the bosses’ pay and perks a recent news item in The Manager for February is of considerable interest. It reports the findings of two surveys not available to the general public: ‘“Managerial earnings over the past four years have risen at a markedly higher rate than the earnings of wage earners. This is one of the principal fiidings of the recent Survey of Executive Salaries, 1964 conducted by Associated Industrial Consultants, and on which accords broadly with the BIM Survey into the Remuneration of Executives .. . In the area of fringe benefits, few executives are not covered by a Median Salary 1960-64 increase—% Works manager ......... 32.0 Personnel manager 33.3 Sales manager ......:.. 25.0 Head of work study ..- 32.3 I think we can safely assume cally desirable” increases would not
be harsh on the managers,
retirement pension. ‘Schemes based
on half-salary and on two-thirds of
salary are almost equally common,
but both are a good deal less frequent
than those based on fixed sums not
related to salary . .. Holidays are
growing longer and _ subsidised
lunches are on the increase,” Un-
fortunately the “full report” on
which these statements are made “‘is
available only to participating com-
panies.”” However we are given some
statistics which compare the actual
increase of managers’ salaries with
the increase which would. have theor-
etically desirable “if the relative
position of management was to have
been maintained.
For those in Theoretically
same job% desirable %
28,0 18.5
28.6 22.5
30.0 17.5
30.0 22.3
that the AIC criteria of “theoreti-
R.B.