The median salary increases for executive directors at FTSE 250 organisations have remained at 3%, the same level as 2011, according to research by Deloitte.
The business advisory firm’s Executive directors’ remuneration report found that 46% of FTSE 250 organisations awarded increases of less than 5%, compared to the 41% that did so in 2011. Just under a third (30%) gave no increase, which is in line with 2011.
Mitul Shah, partner in the remuneration team at Deloitte, said: “Directors’ remuneration is generally debated in response to the potentially high levels of remuneration in the UK’s very biggest companies. We should remember that this only applies to a relatively small number of companies.
“Our research shows that remuneration in FTSE 250 companies is lower, structures tend to be less complex and practices are more diverse than in larger companies.”
The report also found that annual bonus payouts in FTSE 250 companies was lower than last year, with the median payout being 75% of the maximum that can be paid, compared with 86% in 2011.