IT managers and directors came off worst for pay rises this year, receiving just six per cent compared with 11.5 per cent for finance managers.
According to the 30th National Management Salary Survey, released this week by the Chartered Management Institute and Remuneration Economics, the average salary for managers in the UK is £41,369.
Company directors received a 5.9 per cent rise on last year, bringing the average to £164,047, while managers have done less well with a drop of 6.2 per cent.
On average, directors' bonuses have doubled since 1999, while managers have seen the value of bonus payments remain broadly the same for five years.
The average IT director will earn £100,622 per year, while the average IT manager will earn £42,972.
Finance is the best paid sector, followed at some distance by marketing and human resources. As expected, inner London is better off while the North West suffers most.
The number of companies experiencing staff recruitment problems has almost doubled from 22.4 per cent in 2002 to 42.6 per cent, with 28 per cent having difficulties with employee retention, up from 8.5 per cent in 2002.
Mary Chapman, chief executive of the Chartered Management Institute, said: "The reported shortage of appropriately skilled managers and staff is concerning, as it may affect future growth opportunities for UK organisations.
"There is a growing need for companies to offer competitive salaries in order to attract and maintain good staff."
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