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You manage 3 locations turning over £1.9M and EBITDA of circa £350K and have 46 reports including 12 contractors, Heathcare sector if that makes a difference.
What would be the salary range in your opinion?
and have 46 reports
Instant dismissal for using horrible [s]HR[/s] personnel speak
They cant afford you nick, you knows it 🙂
What is it you do now? Are personnel costs the bulk of the operating cost? (average £26k per head) or are they all on minimum wage and you're sticking 853 stickers on pig iron and making a profit? 🙂
Most of that gets spent on the contractors, they're v expensive.
Zokes it's much much worse trust me
Healthcare as in public sector?
Nah,heathcare....he looks after the village green.
hand your notice in. that generally tells you what you're worth to them.
at a guess though, £110k to £140k?
£110k to £140k?
XTR territory! 🙂
XTR territory!
With change left over for a Mojo and a new Audi 🙂
Turnover of 1.9 mio
46 direct reports
Profit of 350 - 15% EBITA
TBH - it's not a huge amount and a lot of staff
Knowing the healthcare sector, base will be quite a lot!
I wonder what they will be asking you for cost cuts this year ....
at a guess though, £110k to £140k?
Seems an awful lot for that sort of turnover and profit.
What exactly is your job?
Hmmmmmmmm... Healthcare sector? George's budget coming up? You are Jeremy Hunt and I claim my free homeopathic remedy
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Our pay negotiations go something like this:
Us: Can we have a pay rise this year.?
Management: No.
It's been a running joke for a few years now that they will have to give us a pay rise to meet national minimum wage.
Turnover of 1.9 mio
46 direct reports
Profit of 350 - 15% EBITA
Maybe £110-140K with a turnover of 19M profit of 3.5M. I'd still be thinking that 15% is a narrow margin with that many staff.
neilsonwheels - that has a very familiar ring to it. Sadly. 😥
I would expect to achieve those figures with half the staff, but of course different sectors = different margins. If the 12 contractors are the bulk of the cost get them on the payroll (unless there is a genuine need for flexibility - when did you last let one go?).You manage 3 locations turning over £1.9M and EBITDA of circa £350K and have 46 reports including 12 contractors, Heathcare sector if that makes a difference.What would be the salary range in your opinion?
Are the numbers going uo or down / flat. How long have you been doing it and is there a noticable improvement since it was you. What is your forecast and plan for next year / 3 yrs - those are the questions I would be asking to decide if you are a "general manager" on £50-70k or worthy of more. Is this the whole organisation or is there more - obviously the benchmark to others will be a big factor. Finally how easy to replace - if you just manage resources you are easy to replace, but if you have some specialist skills, knowledge, experience, customer relationships you will not be.
What ^ says ...
Our company has 100 ish people and turns over $50m with EBITDA of a few $m. Our CEO is paid £250k ish.
Probably less than I get now as I missed off the private* profit 😳 more like £560k overall.
£100k is away off TBH, sounds nice though
*my masters will be disappointed
if you were a tesco store manager with a 75m pa turnover, net profits of 6m pa , 500 'reports' you d be pulling 100k without blinking..
75m pa turnover, net profits of 6m pa
I was under the impression supermarket margins were much closer to 1-3%
Shirley "reports" is different to all-employees in a medium sized company ? Unless you're a control freak 🙂
Pay rise? Just be thankful you have a job! Isn't that the STW way? 🙂
Depends on the organisation.
If you're CEO of a small business doing that, you're responsible for much more than the income stream and will be paid 100% more than if you're a middle manager in a bigger company and your performance measures are the ones you quoted.
Need more information!
Deliver 20% more with 30% less then we can talk about a rise. Also ginish those 46 reports.
Depends on the organisation.
^^^ this
your pay is determined by what you do, how you do it and who you do it for.
your pay is determined by what you do, how you do it and who you do it for.
you missed off where you live....
In FM?
Our pay negotiations have been cancelled, awaiting "communication" from European Leadership Team ... 😥
Wife not had a rise for 3yrs and nothing likely again this year. Civil servant, managing 24 staff and working on projects of a " national importance"
Looking at your figures I reckon that your employer should start at minus 5% to give you a bit of haggle room. If you can show that you are about to deliver some cost savings them maybe you could negotiate that a big fat 0% increase.
Oh hang on... you work in the public sector. Maybe RPI plus 3% and a bigger employer contribution to your pension pot 😀
you missed off where you live....
that comes under who.
I can't consult on the basis of more than 3 parameters 😉