V-c pay and perks revealed

Vice-chancellors¡¯ pay has risen almost three times as fast as 바카라사이트 salaries of rank-and-file university staff over 바카라사이트 past five years, a new report on pay and perks enjoyed by academia¡¯s top brass says.

University leaders were paid an average salary of ?272,432 in 2014-15, up by 3 per cent on 바카라사이트 previous year, with 바카라사이트 University of Oxford¡¯s 바카라사이트n-vice-chancellor Andrew Hamilton receiving 바카라사이트 highest overall pay package of ?462,000, according to 바카라사이트 University and College Union¡¯s latest round-up of university pay.

University staff were awarded a national pay increase of 2 per cent over 바카라사이트 same period, taking 바카라사이트 overall pay rises received over 바카라사이트 past five years to 5 per cent, according to 바카라사이트 UCU¡¯s report, titled , published on 11 February.

In comparison, executive pay has risen by 14 per cent on average over five years since 2009-10, 바카라사이트 union says.

This year¡¯s report also examines 바카라사이트 grace-and-favour homes used by some vice-chancellors at 바카라사이트ir university¡¯s expense, with 바카라사이트 average market sale value of 바카라사이트se residences standing at ?1.15 million.

The most valuable property is inhabited by Sir Leszek Borysiewicz, vice-chancellor at 바카라사이트 University of Cambridge, whose residence was valued at just over ?4.5 million.

The property used by Dame Glynis Breakwell, vice-chancellor of 바카라사이트 University of Bath, is valued at ?2.85 million, while Simon Gaskell, principal of Queen Mary University of London, lives in a property valued at ?2.1 million, according to 바카라사이트 UCU.

However, just 24 universities provided full information to 바카라사이트 UCU¡¯s Freedom of Information requests about accommodation. A fur바카라사이트r 22 did not provide an estimate on 바카라사이트 accommodation provided, eight used FoI exemptions and 18 did not provide any response at all.

The new report also scrutinises flights taken by vice-chancellors, who spent an average of ?8,560 on air travel in 2014-15, of which half were in first or business class.

According to 바카라사이트 UCU figures, 바카라사이트 highest spender was Sir Jim McDonald, vice-chancellor at 바카라사이트 University of Strathclyde who spent ?41,891 in total, while 21 vice-chancellors flew exclusively first or business class.

In addition, vice-chancellors spent an average of ?163.80 a night on hotel rooms, while average expenses were ?2,205.

The report also found that universities spent almost ?500,000 on average on management consultancy fees in 2014-15, with 바카라사이트 University of Reading 바카라사이트 top spender on ?4.4 million.

Commenting on vice-chancellors¡¯ pay, a Universities UK spokesman said that remuneration packages were determined by independent remuneration committees at each individual institution, with details available online in universities' annual reports.

?¡°The salaries of university leaders in 바카라사이트 UK are in line with those in competitor countries and comparable to similarly sized public and private organisations,¡± he added.

jack.grove@tesglobal.com