Net execs pay higher in UK than in Europe

first_img Previous Article Next Article Related posts:No related photos. Comments are closed. Net execs pay higher in UK than in EuropeOn 6 Feb 2001 in Personnel Today UKInternet executives are paid twice as much as their European counterparts dueto wavering confidence in the dotcom market, according to a survey byrecruitment consultants Futurestep.UKInternet executives are paid  £168,000 ayear on average. Swedish employers are the next best with web executives on anaverage of £93,000, followed by firms in Germany and Norway, which pay £80,000and £79,000 .Thesurvey, called ePay Europe, also reveals that UK salaries and bonuses are nowat a similar level to Internet executives in the US. These average £184,000. Sixmonths ago the biannual survey by Futurestep showed that UK-based Internetexecutives were paid 40 per cent less than their US equivalents. KenBrotherston, president of Futurestep Europe, said, “In a year that hasseen many dotcom collapses, Internet firms are being forced to increase rewardsto keep hold of executive talent and the UK is leading the trend.” Headded, “It is interesting that the UK is so closely mirroring the US onthis issue. Given the current speculation with regards to the US economy andits effect on the UK’s, it will be interesting to see how UK executives’salaries are affected in the next six months.”last_img read more