Nice pay if you can get it

The Open University tops the list when it comes to high pay for vice chancellors. In 2017-18, it paid £718,000 for the services for former VC Peter Horrocks, including £255,000 ‘compensation’ for loss of office Image: Chris Valentine/Wikipedia   The newly established Office for Students has published its first statistics on senior management pay in England’s higher education sector. This has led to some strong headlines in the media. The Guardian reported that six university vice chancellors received more than half a million pounds for the 2017-18 pay year “in salary, bonuses and benefits”. Overall, around half of all vice chancellors received £300,000 or more in that year. So we took a closer look at the data, to get a clearer view of what can often be a confused picture when it comes to pay and other rewards for senior managers and executives. Our first chart shows the 10 highest paying universities – or at least those reporting the highest overall remuneration. This shows that in those 10 highest paying institutions, the amount paid out for a vice chancellor ranged between £718,000 at the Open University and £448,000 at Sheffield. For the statistically minded, that  means the median pay among those 10 universities – the middle point of the pay range – is £525,000 a year. The average remuneration was £542,000. For the sector as a whole, the average total remuneration for vice chancellors and other “heads of higher education providers...
Source: UNISON meat hygiene - Category: Food Science Authors: Tags: P.S data he high pay higher education universities Source Type: news