Home Surveys & Publications Consultancy Services
News Diary
Welcome to the first edition of the Monks reward index, a four-monthly newsletter which will provide evidence-based insight into management reward trends and issues for our survey participants.
In our first issue we cover:
Average increases in management pay levels have shown a steady decline over the past five years; from 5% in 2003 to 3.9% in September 2007. The latest findings of the PwC Monks Management Pay UK Parent Board and Corporate Posts, and Diviions and Subsidiaries reports demonstrate that management pay has been undergoing a steady but slow period of structural change.
From April 2008 the tax charge that applies to the lowest CO2 emission cars (under 120 g/km) will reduce from 15% to 10% of the cars list price. However, over two thirds of companies are yet to implement a green company car scheme.
Director levels salaries have increased by an average of 6.4% over the past 12 months compared to only 3.9% for senior managers. The new data published by PwC Monks shows that director pay & reward is rising at a faster rate than that of senior managers.
New research from PricewaterhouseCoopers is to study the link between reward practices and business performance. The research will take place over a six month period from December 2007 and will seek to address as yet unanswered questions.
The annual meeting for our survey participants will take place on 23 April 2008 in London. The meeting will be a great opportunity for you to network and share knowledge with other survey participants, and to discuss the issues facing reward professionals in the UK today.
