Gyro
12-12-2012, 06:42 PM
Hi There
One of the Senior Managers has recently entered into discussions with the Managing Director about buying in to the company and becoming a Director. They were initially employed 15 months ago on a reasonably high salary given their yrs of experience, client base and reputation within the industry. Now that the MD has started negotiations it has been made clear to me that the Snr Manager may very well need to take a salary cut to be more on par with the other Directors and has been seeking my advice on how to approach this. My concerns are that this individual has a lot more industry experience, knowledge, credentials and ability than the others so a higher salary is justifiable in this instance
Anyway my query is I cannot seem to get hold of any good Remuneration data on Directors I have plently on Non-Executive Directors and have not been involved in the packaging of a Directors salary in the past as the previous MD protected all that information. Does anyone have any guidance on where i might be able to get some good advice and market information? Location is Perth based with regional land/ civil development work in Karratha/ Port Headland and Broome.
without any good data I am unable to confidently provide guidance and advice on this one.
One of the Senior Managers has recently entered into discussions with the Managing Director about buying in to the company and becoming a Director. They were initially employed 15 months ago on a reasonably high salary given their yrs of experience, client base and reputation within the industry. Now that the MD has started negotiations it has been made clear to me that the Snr Manager may very well need to take a salary cut to be more on par with the other Directors and has been seeking my advice on how to approach this. My concerns are that this individual has a lot more industry experience, knowledge, credentials and ability than the others so a higher salary is justifiable in this instance
Anyway my query is I cannot seem to get hold of any good Remuneration data on Directors I have plently on Non-Executive Directors and have not been involved in the packaging of a Directors salary in the past as the previous MD protected all that information. Does anyone have any guidance on where i might be able to get some good advice and market information? Location is Perth based with regional land/ civil development work in Karratha/ Port Headland and Broome.
without any good data I am unable to confidently provide guidance and advice on this one.