Regional Business Information for Yorkshire
Less pay, longer hours report reveals
25th November 2009
By Rachel Covill - Business Correspondent
COMPANY directors are facing longer hours and pay freezes as the recession continues to bite, a survey by the Institute of Directors (IoD) has suggested.
The report revealed that 44% of executive directors have had a pay freeze, with a further 6% taking a pay cut.
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In other words, 50% have had a pay increase during the worst recession in the last 30 years. That's very good news indeed. I wonder what the figure is for the lower ranks?
Gil van der Sluis