Essay - Remuneration Packages of UK University Executives Abstract the Research Conducted...

REMUNERATION PACKAGES OF UK UNIVERSITY EXECUTIVES

ABSTRACT

***** research conducted in this study attempts to disseminate the factors that influence the remuneration package of United Kingdom university executives. The methodology in this study is both qualitative and quantitative in nature and is conducted through an extensive review ***** literature in th***** area of study and ***** ***** gather*****g and analysis of data relating to pay levels and remuneration packages of university ***** in the United Kingdom. The objective of this ***** is to understand if ***** rank of a university has a signific*****nt effect on the salary ***** the Vice Chancellor and other staff at the *****. Findings of study show that university rank has a signific*****nt effect on the salary of Vice Chancellors because ***** limitations in f*****ancial resources at these institutions. Other findings in ***** ***** are ***** two factors hold primary ***** ***** the ***** package awarded to VCs at ***** universities which are the ***** of: (1) internal pay scales ***** other academic employees; ***** (2) external pay ***** of CEOs in other similar size firms ***** the UK.

REMUNERATION ***** OF UK UNIVERSITY EXECUTIVES

***** ONE

INTRODUCTION number ***** indicators that determine good universities include student satisfaction, as well as student to ***** ratio, services and facilities, as well ***** number of university staff earning high salaries. Findings of study show ***** ***** ***** has a significant effect on the salary ***** Vice ***** because of limitati*****s in financial resources at ***** institutions. Other findings in this study are that two factors hold ***** influence in the remuneration package ***** to VCs at UK universities ***** ***** the factors of: (1) internal pay scales of other academic employees; and (2) external pay scales of CEOs in other similar size firms in the UK.

OBJECTIVES

The ***** of ***** study is to ***** if the rank of a university h*****s a significant effect on the ***** of the ***** Chancellor ***** ***** staff ***** the university.

RESEARCH QUESTION

The primary questi***** addressed ***** this research is whether the *****ing of a university in the United ***** has an effect on ***** salary ***** ***** vice ch*****cellors and other university staff.

HYPOTHESES ***** THE STUDY

The hypotheses of ***** ***** include those as follows:

**********: United Kingdom Universities with more wealth and resources pay their Vice-*****s a higher ***** than do ***** with less in the way of wealth and *****.

H2: Remuneration Committees are not all alike therefore, the fac*****rs and principles that most factor into the pay scheme of the ***** University Vice-Chancellor ***** greatly dependent upon the Remuneration Committee, which h***** different characteristics from university to university.

BACKGROUND OF THE STUDY

In a report published March 21 2006, it is related in the University of Surrey Students' Newspaper as follows: "Unions represent*****g university teachers ***** c*****ing for an inquiry in light of the recent revelations that Vice Chancellors have enjoyed a 25% ***** *****crease over the past three years. Among ***** *****p paid Vice