FINANCE NEWS: Charity pay failing to keep pace with the private sector

Charity pay levels are falling even further behind the private sector, according to pay and benefits advisers the Reward Group.

The latest estimate of basic earnings in the Reward index shows an annual increase of 4.4 per cent, 0.2 per cent higher than the annual increase reported at the start of 2002.

According to Reward's survey of pay in the charity sector, pay awards in the sector will average 3 per cent during 2002. "If this is the case then charity sector pay levels will fall further behind the commercial sector, a situation which the sector can ill afford. This would be a retrograde step against all the good work charities have been doing to redress the pay imbalance over the past few years,

said Reward's director of surveys Vivienne Copeland.

Finance directors appear to be bucking the trend, however. According to a survey by careers web site HaysWorks.com, finance directors in charities with income above £50 million are enjoying average pay 12 per cent up on last year.

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