NON-EXECUTIVE DIRECTORS SALARY CHECKER – 2024
SERVICE INDUSTRY
Small business Start-up <£10m turnover
Medium business <£40m turnover
Large business >£40m tunover
ENTRY N.E.D.
£22,000 - £27,000
£28,000 - £30,000
£38,000 - £45,000
EXPERIENCED N.E.D.
£27,000 - £32,000
£32,000 - £42,000
£45,000 - £58,000
SENIOR N.E.D.
£32,000 - £38,000
£38,000 - £46,000
£50,000 - £75,000
data based on a minimum of 2 days per month and a maximum of 4 days per month
ANNUAL FEE (average / *base median) DIRECTOR (private sector)
£22,000*
NON-EXECUTIVE DIRECTOR (private sector)
£31,000 - £53,000
PUBLIC SECTOR
£12,000 - £17,000
FTSE SMALLCAP
£35,000 - £45,000
FTSE 250
£54,000*
FTSE 100 (full time - permanent)
£120,000 - £300,000 (depending on business size and profits)
COREcruitment Limited | 8 Nile Street, London N1 7RF - Company No: 05470428 | VAT No: 863381118 COREcruitment B.V. - Spuistraat 107 A, 1012 SV AMSTERDAM, Nederland - | KVK: 66496837 | BTW: NL856580107B01 COREcruitment Canada | Unit 403 – 55 East Cordova Street | Vancouver | BC V6A OA5 | Canada Jaded Panada FZCO/Jaded Panda FZCO t/a COREcruitment Ltd (trade no:2920375/2969929), Dubai Silicon Oasis, United Arab Emirates
NON-EXECUTIVE DIRECTOR FEE NEDs are typically paid a base fee for Board membership with additional fees for other responsibilities such as chairing a Board Committee (e.g. audit or remuneration). Other Board Committees (e.g. risk) are less prevalent in the FTSE 250 than the FTSE100 Detailed Basis Non-Executive Director fee - FSTE 101 - 150
Lower quartile
Median quartile
Upper quartile
FSTE 101 - 150
£55,000
£58,000
£65,000
FSTE 101 - 150
£50,000
£54,000
£58,000
FSTE 101 - 150
£50,000
£55,000
£60,000
COREcruitment Limited | 8 Nile Street, London N1 7RF - Company No: 05470428 | VAT No: 863381118 COREcruitment B.V. - Spuistraat 107 A, 1012 SV AMSTERDAM, Nederland - | KVK: 66496837 | BTW: NL856580107B01 COREcruitment | Unit 403 – 55 East Cordova Street | Vancouver | BC V6A OA5 | Canada Jaded Panada FZCO/Jaded Panda FZCO t/a COREcruitment Ltd (trade no:2920375/2969929), Dubai Silicon Oasis, United Arab Emirates
LONG TERM INCENTIVE PLANS
Annual bonus(es) Deferred bonus(es) Performance Share Plans (PSP) Performance conditions Share options SHARE OPTIONS
Less than a quarter of companies operate share option plans at board level. Less than 17% of these share option plans do not have performance conditions attached to them PERFORMANCE SHARE PLANS Performance Share Plans (PSP) are the most common form of LTIP, with 89% of SmallCap companies operating such a plan. Of those that made PSP grants during the year, grant levels were as follows: LTIP grant (percentage of salary) Lower quartile
Median quartile
Upper quartile
CHIEF EXECUTIVE
100%
111%
149%
FINANCE DIRECTOR
96%
103%
137%
OTHER EXECUTIVE DIRECTOR
72%
100%
185%
COREcruitment Limited | 8 Nile Street, London N1 7RF - Company No: 05470428 | VAT No: 863381118 COREcruitment B.V. - Spuistraat 107 A, 1012 SV AMSTERDAM, Nederland - | KVK: 66496837 | BTW: NL856580107B01 COREcruitment | Unit 403 – 55 East Cordova Street | Vancouver | BC V6A OA5 | Canada Jaded Panada FZCO/Jaded Panda FZCO t/a COREcruitment Ltd (trade no:2920375/2969929), Dubai Silicon Oasis, United Arab Emirates
PERFORMANCE CONDITIONS 70% of PSP now use two or more performance measures (PM).
1 P.M.
2 P.M.s
3 P.M.s
>3 P.M.s
FTSE SMALLCAP
30%
60%
10%
-
FTSE SMALLCAP
17%
52%
25%
6%
MOST COMMON ANNUAL BONUSES BASES Profit Personal Objectives Other non-financial Strategic objectives EBIT/ EBIT(D)A Other financial targets Cash Flow Revenue
EPS (Earnings per share) Health & Safety Cost Return of capital/ equity/ assets Customer Metric Employee Metric TSR (Total Shareholder Return) NAV (Net Asset Value)
44% of SmallCap companies operate an annual bonus plan with some form of deferral attached, most commonly over a three-year period.
COREcruitment Limited | 8 Nile Street, London N1 7RF - Company No: 05470428 | VAT No: 863381118 COREcruitment B.V. - Spuistraat 107 A, 1012 SV AMSTERDAM, Nederland - | KVK: 66496837 | BTW: NL856580107B01 COREcruitment | Unit 403 – 55 East Cordova Street | Vancouver | BC V6A OA5 | Canada Jaded Panada FZCO/Jaded Panda FZCO t/a COREcruitment Ltd (trade no:2920375/2969929), Dubai Silicon Oasis, United Arab Emirates
DEFERRED BONUS(ES) Non-Executive Director fee rate Lower quartile
Median quartile
Upper quartile
CHAIRMAN
£33,000
£42,000
£121,000
NON-EXECUTIVE DIRECTORS
£23,000
£31,000
£42,000
SENIOR INDEPENDENT DIRECTOR
£5,000
£5,000
£5,000
CHAIRMAN OF THE REMUNERATION COMMITTEE
£5,000
£7,000
£10,000
MEMBER OF THE REMUNERATION COMMITTEE
£4,000
£5,000
£5,000
CHAIRMAN OF THE NOMINATION COMMITTEE
£4,000
£6,000
£10,000
MEMBER OF THE NOMINATION COMMITTEE
£3,000
£5,000
£5,000
CHAIRMAN OF THE NOMINATION COMMITTEE
£5,000
£6,000
£10,000
MEMBER OF THE NOMINATION COMMITTEE
£3,000
£5,000
£5,000
Basic fees
Additional fees
COREcruitment Limited | 8 Nile Street, London N1 7RF - Company No: 05470428 | VAT No: 863381118 COREcruitment B.V. - Spuistraat 107 A, 1012 SV AMSTERDAM, Nederland - | KVK: 66496837 | BTW: NL856580107B01 COREcruitment | Unit 403 – 55 East Cordova Street | Vancouver | BC V6A OA5 | Canada Jaded Panada FZCO/Jaded Panda FZCO t/a COREcruitment Ltd (trade no:2920375/2969929), Dubai Silicon Oasis, United Arab Emirates