Small pay increase for transport and logistics managers
Transport and logistics managers in Britain received the lowest pay increases of any sector last year, with an average rise of just 2.6 per cent, new figures reveal.
The survey of managers in Britain found that the country is facing an ‘executive recruitment crisis’, that places the growth prospects of businesses at risk.
According to the Chartered Management Institute, the number of managers in the UK choosing to quit their jobs to seek alternative employment rose by 50 per cent last year.
The report on an annual poll of 42,000 managers claims that low wage rises are to blame for poor management retention rates at UK companies, with 81 per cent of firms reporting problems with recruitment.
Jo Causon, Chartered Management Institute director of marketing and corporate affairs, said: “The steep climb in organisations reporting recruitment difficulties, mixed with an increasing number of resignations should be ringing alarm bells for employers.”
Average earnings across all sectors rose by 5.3 per cent over the past 12 months to GBP 47,449, down from 5.7 per cent the previous year and the lowest pay rise in Britain since 1996.
