According to a new study by business magazine Management Today,
the average British CEO earns the most in Europe, at £509,000 per
year. German CEOs earn the least, according to the report, at
£298,000. The highest earning CEOs are in the US, at £993,000. By
contrast, it reports that manufacturing workers in the UK are the
poorest paid in Europe, receiving on average around £4,000 less per
year than their French counterparts.
In a separate report, the Hay Group this month said that
e-commerce CEOs, heads of e-commerce and directors of strategy,
technology and marketing earn an average of £146,000 if based in
the UK's regions, around 14% more than their London
counterparts.
Among middle management in e-businesses, higher pay for working
outside London is not as uniform as it is for senior management.
Nevertheless, some middle management roles pay dramatically higher
salaries in the regions. Heads of design and senior web
administrators, for example, are paid 18% more outside London. In
more junior roles, however, higher pay in London remains the
norm.
Mark Thompson, Consultant at the Hay Group commented:
"Senior e-people are in an exceptional
position relative to other senior professionals. They can move out
of London in pursuit of 'quality of life' and receive a pay rise at
the same time - a rather more alluring prospect than the irksome
pay cut usually associated with a move to the provinces.
"The fact that e-businesses are able to
offer senior job opportunities outside London at or above London
pay rates is, in part, a reflection of the relative independence of
e-business of the constraints of physical location. However, it is
also related to the fact that the vast majority of those involved
at a senior level in e-commerce have developed their careers in
London. Regional e-commerce organisations are therefore having to
offer significant financial incentives to convince e-people to pull
up the roots they have put down in the capital."
