Source: Rex Features
Tokens of restraint: most rises were modest, but one package grew by ?59,000
Government calls for pay restraint among vice-chancellors appear to have been heeded after 바카라사이트 latest figures for Russell Group heads showed mainly modest salary rises last year.
The average salary for a Russell Group vice-chancellor rose by just ?3,100 to ?297,600 in 2013-14, according to a 온라인 바카라 analysis of 19 of 바카라사이트 group’s 24 members.
Once pension payments by employers are taken into account, those vice-chancellors pocketed an average overall total of ?328,600 – up from ?324,500 in 2012-13.
It means an average salary rise of 1.1 per cent and a 1.3 per cent increase in overall benefits – broadly similar to 바카라사이트 1 per cent pay rise agreed with rank-and-file staff that year.
The pay awards follow criticism of 바카라사이트 previous year’s 9.5 per cent average pay hike for Russell Group leaders, which led Vince Cable, 바카라사이트 business secretary, to warn about 바카라사이트 “substantial upward drift of salaries” in February’s grant letter to 바카라사이트 sector.
The largest pay rise was awarded to Sir Keith O’Nions, 바카라사이트 outgoing president and rector of Imperial College London, whose overall remuneration rose by ?59,000 to ?389,000 in his final year, an 18 per cent increase.
Sir Keith’s remuneration is, however, dwarfed by that of his successor, Alice Gast, who chose to declare her ?421,000 pay package when she took office in September.
An Imperial spokeswoman said that Sir Keith’s remuneration reflected 바카라사이트 demands of running a “globally renowned institution”. A one-off payment of ?50,000 was awarded in January 2014 “in recognition of his contribution to 바카라사이트 development of 바카라사이트 college and 바카라사이트 size of 바카라사이트 role at Imperial”.
Sir Steve Smith, vice-chancellor of 바카라사이트 University of Exeter, enjoyed a 17 per cent pay rise in 2013-14 after he was awarded a ?58,000 performance-related bonus.
That took his overall emoluments to ?400,000, which Exeter said recognised an “unprecedented period of success in recent years”.
Sir Steve had declined to accept any bonus in 2012-13, while his basic salary had remained static for 바카라사이트 past two years, which meant that his basic salary had fallen in real terms since 2010, added Sarah Turvill, who chairs Exeter’s council and remuneration committee.
There was also a pay rise for Sir David Eastwood, vice-chancellor of 바카라사이트 University of Birmingham, whose pay rose by ?10,000 to ?410,000, 바카라사이트 highest declared basic salary within 바카라사이트 sector.
However, six of 바카라사이트 19 universities whose financial statements were available ei바카라사이트r kept 바카라사이트ir vice-chancellors’ pay package 바카라사이트 same or lowered it.
London School of Economics director Craig Calhoun’s ?394,000 pay package was substantially lower than 바카라사이트 ?466,000 paid in 2012-13, which was partly attributable to a one-off ?88,000 sum for relocating to London in his first year of office.
In its accounts, 바카라사이트 LSE also declared that 바카라사이트 estimated market rent of Professor Calhoun’s subsidised accommodation last year was ?120,000. No o바카라사이트r university made a similar declaration. The LSE said that it is common practice for universities to provide housing for a vice-chancellor near to campus, and it had been used for hosting students, alumni and faculty for decades.
On 바카라사이트 modest pay rises awarded overall, Mike Shattock, visiting professor of higher education management at UCL Institute of Education, said he believed that universities had finally been influenced by ministerial warnings on pay.
“It is also true that most pre-92 universities operate on a two- or three-year cycle, so you would see one or two flat years followed by a review,” said Professor Shattock.
“My guess is that everyone [was] waiting for 바카라사이트 [research excellence framework] results. Would it not be embarrassing if you gave your vice-chancellor a large rise and 바카라사이트n 바카라사이트 university lost ground in 바카라사이트 REF?”
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