Managerial pay rises, but so do resignations

XpertHR and the Chartered Management Institute have released figures today from the XpertHR National Management Salary Survey revealing the rising rate of resignations among professionals and managers in the UK.

My colleague Laura Chamberlain has reported the findings for Personnel Today.

The  figures are not altogether surprising as resignations typically increase after a period of recruitment freezes - and if anything this may well be a sign that the economy is looking a little healthier.

Even so, the figures are a concern for employers who need to do all they can to retain good staff after a couple of years of widespread pay freezes and low earnings growth. As the release also shows, pay rises for managers and professionals have moved upwards over the past year, but not by very much.

The full press release is here on the Chartered Management Institute website.

The Chartered Management Institute and its predecessors have been involved with XpertHR's National Management Salary Survey since its launch back in 1973. At the time, they were the British Institute of Management, we were Remuneration Economics.

And how times change. Back then the median chief executive salary stood at £10,600, while even those in banking, insurance and business services only managed to push the figure up to £15,348. These days that is somewhere around the full-time rate for someone on the minimum wage.

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