E-economy bosses get higher salaries outside London
Another shock survey
E-execs can expect smaller salaries for working in London than in other parts of the UK, a survey out today claims.
In a bizarre twist of economics, senior managers in the 'new economy' are paid an average of 14 per cent more in areas outside the capital, according to research by management consultancy the Hay Group.
While junior staffers can expect higher salaries in London, bosses of dotcoms and IT departments outside the city have seen their earnings rise by an average of 17 per cent in the last 18 months.
Meanwhile, salaries for equivalent positions in London have fallen by an average of 5.5 per cent.
Heads of e-commerce companies and departments based outside London can expect around £146,000 per year, with £115,000 base salary. Those in London can expect a higher base salary - £118,000 - but total earnings are lower at £141,000.
In true form, the research contradicts findings from another survey, which found that London-based IT workers could demand far higher salaries than their counterparts elsewhere in the country.
According to this survey by TMP Worldwide, IT directors in London earn 55 per cent more than the UK average for their position. ®