Cost Saving in Context

Perusal of the University’s financial statements over the past few years make for interesting reading in at least one respect.

The data is publicly available so we thought it would be helpful to share this with members who might have their own views…

Statements for the financial periods 2012 to 2016 reveal that the “Number of higher paid staff excluding pension contributions (£100,000 +)” has doubled, thus:

  • 2012/13: 7
  • 2013/14: 7 (this drops to 6 in 2015 financial statements)
  • 2014/15: 15
  • 2015/16: 14

Add in pension contributions and other employer overheads and it is reasonable to speculate that this probably equates to significantly in excess of £1m more on higher grade salaries over the period despite a landscape of budget cuts, cost saving, grade reduction and job losses.

One must at all times, however, remember that we are all in this together!

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