The 37th annual National Management Salary Survey - compiled by CELRE in association with the Chartered Management Institute (CMI) for XpertHR salary surveys - is based on payroll data current as at 1 September 2009, from 197 organisations covering 43,312 employees in managerial roles.
Key findings include the following:
The survey also finds that many managers are taking action to change jobs: resignations have increased in the year to February 2010, despite growing fears over job security.
The survey reveals a labour turnover rate of 13.6%, up from 12.4% in 2009. Resignations stand at 4.7%, compared to 4.5% 12 months ago. In a surprising move, the survey results also imply that employers are failing to persuade staff to stay, with requests for 'internal transfers' as an alternative to leaving dropping to 3.6% from a high of 5.8%, last year.
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