Directors Pay – are you paying the right price?

Posted on 7 May 2013 by Tim Brown

How do you know if the salary package for your directors is giving you the right balance and rewarding your senior executives? One way is to use salary surveys and EEF’s Directors’ Pay Benchmark can fulfil this brief.

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Download the sample version of Directors' Pay Benchmark 2012-13

EEF’s latest annual report, published in February this year, provides job by job pay rates for 13 director level roles in the manufacturing and engineering sectors, from Managing Director through to Sales Director.  Users can quickly and easily find the relevant basic and total pay rates for their region and across the UK.  However, the benefits do not stop there; this benchmark report provides additional salary breakdowns, allowing further refinement by company size and sub sector of manufacturing and engineering.

For senior executives remuneration is more than just basic pay and EEF’s report reflects this, with information on bonuses per job, detailed benefits provision, including pension contributions and company car entitlement.

Those tasked with making pay decisions will find this report an invaluable tool for understanding the market rate of pay and benefits for directors.  The introduction to the report adds further value by providing the reader with a useful trends analysis of how pay has changed year on year.

Readers of The Manufacturer can purchase this report as part of an exclusive subscription to EEF’s pay benchmark series, which also includes the Workforce and Professionals’ Pay Benchmarks.  The four reports that make up this subscription provide pay from an unskilled Labourer through to professional engineers, managers and right up to Managing Director level.

The subscription is on offer for a reduced price of £1,496 (+ VAT), which is a 25% saving on the full cost of the series.  The will be published throughout 2013, with the Directors’ Pay Benchmark and Workforce Pay Benchmark, Issue 8 2013, ready for immediate send out.  The remaining Workforce Pay Benchmark will be published in September and the Professionals’ Pay Benchmark in November.

Download your free sample of the latest Directors’ Pay Benchmark Report.

To order your subscription to the pay benchmark reports, please go to

Or for further information email: [email protected] and quote TMPB2013.