A benchmark for pay at the top

Subscribe to Business Support blog feeds

Published

According to our latest research on pay, average basic pay has increased by 3% 1 for directors in manufacturing, from 2016 to 2017.

The annual Directors’ Pay Benchmark – just published – gives a detailed insight into pay at the top of manufacturing companies in the UK.  A must for HR professionals, our report not only focuses on national and regional pay for each of the 13 director positions, but also outlines bonuses and benefits.

DPB1718_cover 

Some of the key findings of the 2017-18 Directors’ Pay Benchmark:

  • The regions with the greatest increase in median basic pay from 2016 to 2017 were the North East and South West, with the North East also having the highest median basic pay in 2017 at £86,167 1
  • Directors in companies employing up to 50 had basic median pay of £65,436 in 2017, compared to £95,000 for those in businesses with a workforce of more than 500 – suggesting a link between company size and pay 1
  • The Rubber, Plastics and Chemicals sector saw the largest rise in pay across all the roles, with median pay for 2017 up 8% on the 2016 data 1
  • In 2017, 68% of directors received a bonus, averaging £21,884 per director
DPB1718_regions_pay

One of a series

The publication of the Directors’ Pay Benchmark follows closely behind the launch of the Professionals’ Pay Benchmark (in December 2017), which analyses pay for more than 6,000 managers, engineers and other professionals, across 232 manufacturers.  However, the 2017-18 series started with the release of Workforce Pay Benchmark in September 2017, which covers pay for more than 100 roles across the manufacturing workforce.

Summary statistics from the Professionals’ and Workforce Pay Benchmarks:

  • Managers pay rose by 3% and engineers was up by 5% from 2016 to 20171
  • In 2017, 62% of managers received a bonus, compared to 50% of senior engineers and 45% of engineers
  • 40% of engineers were in receipt of paid overtime, which dropped to 28% for senior engineers and only 6% of managers
  • In the Workforce report basic median pay across all clerical & technical employees was £25,950 and for manual workers it was £21,424
  • 93% of manual workers were entitled to paid overtime versus 53% of clerical & technical employees

Find out more

Get in touch with the Research team to find out more about these reports, or the other benchmarks we produce and research we can undertake, e-mail: research@eef.org.uk

 


1 Based on matched sampling

Author

Head of Information & Research

Other articles from this author >
Intelligence-and-research-spotlight-thumb Research, Intelligence and Benchmarking

Find details of our pay and industry benchmarking reports all in one place, plus information on our bespoke research services.

Read more >
shift Shift patterns and premia benchmark report

Our latest benchmark survey looks at six common manufacturing shift patterns and the premium paid for each shift type and more.

Read more >
Online payments are not supported by your browser. Please choose an alternative browser or make payments through the 'Other payment options' on step 3.