CEOs cash in on tal­ent war as pub­lic sec­tor bosses lose out

Irish Independent - Business Week - - BUSINESSWEEK - Gretchen Frie­mann

PRI­VATE sec­tor bosses are ben­e­fit­ing from an es­ca­lat­ing war for tal­ent as boards fork out in­creas­ingly hefty salaries to se­cure top-notch ex­ec­u­tives.

The in­creas­ing com­pe­ti­tion has widened the wage gap over the pub­lic sec­tor where or­gan­i­sa­tional lead­ers are paid far less than their cor­po­rate coun­ter­parts, ac­cord­ing to a new sur­vey by Ardlinn, the c-suite ex­ec­u­tive search com­pany, which is part of the Cpl Group .

The re­ports shows that pri­vate sec­tor CEO salaries are set at €150,000-€500,000 com­pared to €140,000-€180,000 for equiv­a­lent pub­lic sec­tor roles. Wages in the up­per ech­e­lons of pri­vately owned com­pa­nies have soared by 25pc as the eco­nomic re­cov­ery causes a race for tal­ent, ac­cord­ing to Ardlinn. How­ever Áine Brolly, pic­tured, the firm’s founder stressed Ire­land’s tax struc­ture con­tin­ues to de­ter high-level can­di­dates.

She claimed the steep in­come tax rates, and the re­cent lim­ited tax changes for share­based re­mu­ner­a­tion in­cen­tive schemes, has re­sulted in many com­pa­nies los­ing high-qual­ity can­di­dates to over­seas com­peti­tors. “We need to en­sure our tax sys­tem is ap­peal­ing, in­vest­ment in in­fra­struc­ture is in­creased and our pos­i­tive life­style is pro­moted so Ir­ish com­pa­nies can at­tract top ex­ec­u­tive tal­ent in 2018,” said Ms Brolly.

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