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Leisure industry leaders enjoy rich pay rewards
Thursday, 14 June 2007
Sport and leisure
Top bosses in the leisure industry enjoyed average pay increases of 12 per cent last year, according to a new report.
The survey, conducted by consultant firm Janet Salmon, looked at the end-of-year reports for 2006 of 20 top leisure industry companies, reports caterersearch.com.
While the average salary for a leisure industry employee stood at a respectable £23,382, that was still just 4.8 per cent of the average salary of chief executives in the sector, who could expect to garner around £450,000.
Andrew Coslett, chief executive of the InterContinental Hotels Group, was found to have the highest basic salary amongst the 20 companies considered by the survey, bringing in £688,000 before any bonuses and add-ons.
After any extras were taken into account, however, the honour of highest overall wage-earner in the leisure industry went to Mike Bailey. As head of Compass, the world's largest food service company, he received a total salary of £1.6 million, which included an £830,000 performance-related pay bonus.
Graduate interest in the leisure industry has continued to grow in recent years, especially as health and fitness issues continue to form an integral part of more and more people's everyday lives.