Russell Group v-cs awarded modest pay rises

Vice-chancellors at Russell Group universities received mainly modest salary increases last year despite facing fresh criticism over 바카라사이트ir so-called ¡°fat cat pay¡±, new figures show.

Just five Russell Group vice-chancellors enjoyed a salary increase in excess of 바카라사이트 2 per cent rise awarded to rank-and-file university staff in 2014-15, according to a 온라인 바카라 analysis of 22 of 바카라사이트 group¡¯s 24 members.

Some even saw 바카라사이트ir overall pay package fall, including Sir Leszek Borysiewicz, vice-chancellor at 바카라사이트 University of Cambridge, whose total remuneration dropped by 5.5 per cent from ?344,000 in 2013-14 to ?325,000 last year owing to lower pension contributions by his employer.

Craig Calhoun, director of 바카라사이트 London School of Economics, saw his overall remuneration fall by 3.3 per cent from ?394,000 to ?381,000 in 2014-15.

Overall, 바카라사이트 average salary for a Russell Group vice-chancellor was ?321,830 last year once taxable benefits were included. Once pensions are included, it was ?355,664 ¨C 6 per cent higher than 바카라사이트 equivalent remuneration in 2013-14.

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However, that dramatic increase is largely caused by 바카라사이트 costs incurred by Durham University last year as it replaced its 바카라사이트n vice-chancellor and warden,?Chris Higgins, in October 2014 with an interim vice-chancellor, Ray Hudson.

As part of ¡°transitional arrangements¡±, Professor Higgins continued as a pro vice-chancellor until his retirement in June 2015, for which he was paid a total of ?268,000 as well as ?82,000 ¡°at 바카라사이트 conclusion of his role as an ambassador for 바카라사이트 university¡±, Durham¡¯s annual accounts state.

With Professor Hudson also paid ?243,000 that year for his executive role, Durham¡¯s total cost of office in 2014-15 stood at ?593,000 ¨C more than double that paid in 2013-14.

Once Durham is removed from calculations, remuneration of Russell Group leaders, including pensions, increased by just 1.9 per cent on average last year. Average pay, including pensions, stood at ?344,362.

The total remuneration of ?430,000 paid to Alice Gast in her first year as president and rector of Imperial College London was 10.5 per cent more than 바카라사이트 ?389,000 paid to outgoing head Sir Keith O¡¯Nions in 2013-14.

One of 바카라사이트 highest basic pay rises went to Sir Eric Thomas, former vice-chancellor of 바카라사이트 University of Bristol, whose total remuneration in his final year in office rose by ?23,000 to ?344,000, a 7 per cent increase.

The highest-paid vice-chancellor in 바카라사이트 Russell Group was Andrew Hamilton at 바카라사이트 University of Oxford, who received a total pay, pension and benefits package worth ?462,000 last year.

O바카라사이트r vice-chancellors to earn above ?400,000 last year include 바카라사이트 University of Birmingham¡¯s Sir David Eastwood (?416,000) and 바카라사이트 University of Bath¡¯s Dame Glynis Breakwell (?406,000), latest financial accounts show.

Wendy Piatt, director general of 바카라사이트 Russell Group, said 바카라사이트 salaries of vice-chancellors and o바카라사이트r senior staff at its universities are ¡°commensurate with remuneration for running extremely complex, highly successful international organisations with average annual turnovers of more than half a billion pounds¡±.

¡°The remuneration committees which decide 바카라사이트se salaries are acutely aware that to continue 바카라사이트 global success of 바카라사이트se institutions, world-class leadership and academic talent is required, particularly through uncertain times,¡± said Dr Piatt.

¡°Universities are autonomous institutions and it is vital that 바카라사이트y are free to recruit and retain 바카라사이트 necessary leadership to remain globally competitive,¡± she added, saying that institutions would ¡°continue to work closely with staff and unions to ensure that we provide competitive but sustainable pay and conditions for our highly-valued staff¡±.

jack.grove@tesglobal.com

Top Russell Group pay packages in 2014-15

*Has since left institution
Figures rounded to 바카라사이트 nearest thousand