Financial Statements 2017/18 9. Staff costs (continued) Restated


Year Ended 31 July 2018


Number


Average group staff numbers by major category, expressed on a full time equivalent basis, during the year were:


Academic


Administration and senior management Technical


Other (including Research)


977 855 87 55


1,974 Year Ended


31 July 2018 £’000


Vice-Chancellor remuneration: Basic salary


Payments in lieu of pension contributions Performance-related bonus Contribution to relocation costs


Pension contributions Total remuneration


£'000 260 7 – –


267 36


303


964 829 102 67


1,962 Year Ended


31 July 2017 £’000


£'000 260 –


10 19


289 29


318


The Vice-Chancellor’s remuneration shown in the year was approved by the University’s Remuneration Committee. In determining the remuneration of the Vice-Chancellor the Remuneration Committee considers pay benchmarking data in respect of Heads of Institution provided annually by UCEA (Universities and Colleges Employers Association) and the Committee of University Chairs (CUC). The UCEA data provides median and mean comparisions as well as quartile pay and total pay data for all institutions; Post 92 universities and universities within a similar institutional income bracket. The consideration includes assessment of individual performance based on the University’s senior manager performance review model.


The pension contributions are in respect of employer’s contributions to the Local Government Pension Scheme (LGPS) until 30 April 2018 and were paid at the same rate as for all other member employees.


The Vice-Chancellor voluntarily withdrew from the LGPS on 1 May 2018 and, in accordance with an understanding reached upon joining the University and ratified by the Remuneration Committee, has received, from the date of withdrawal, a monthly salary adjustment (shown within remuneration as ‘payments in lieu of pension contributions’). As a result of this change the cost to the University of the Vice Chancellor’s total remuneration has decreased.


An exceptional performance-related bonus was paid to the Vice-Chancellor in the year ended 31 July 2017 in recognition of his leadership in setting the new strategic direction of the University. The Vice-Chancellor was also awarded a 2.7% pay increase to take effect from 1st August 2017 which he declined.


Pay multiple


The relationship between the Vice-Chancellor’s remuneration and that for all other staff, expressed as a pay multiple, during the year were:


Year Ended 31 July 2018 University Vice–Chancellor pay


Median pay for all other staff Pay Multiple


Total


Basic Salary £’000


260.0 40.0


6.5 : 1


Remuneration £’000


303.0 46.6


6.5 : 1


Basic Salary £’000


260.0 39.3


6.6: 1 Year Ended 31 July 2017 Total


Remuneration £’000


318.0 44.5


7.1 : 1


The pay multiple represents the Vice-Chancellor’s pay divided by the median pay for all other staff at the University (excluding subsidiary companies), on a full time equivalent basis.


The median pay for all other staff is calculated using pay data for the year and includes the total costs of agency workers hired via recruitment companies to work for the University, these costs are reported at note 10, other operating expenses.


74 Middlesex University


Year Ended 31 July 2017


Number


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