SALARIES AND BENEFITS
Salaries
In 1994 the RICS conducted a salary survey based upon self-completion questionnaires sent to all RICS members which were subsequently ana-lysed overall and by divisions. The accuracy of the survey will be affected significantly by the level of response with over 30 per cent coming from quantity surveyors. Table 15.2 shows typical salaries of quantity surveyors affiliated to the RICS in 1994. It should however be noted that there are
Table 15.2 Typical salaries of quantity su,veyors in l994
Category of surveyor salary range
Trainee surveyors Assistant surveyors Senior surveyors Partners/directors
1101, - fiSk LIOk -. f)Ok fl5k - 125k 120k - 150k'
• Note a few are paid in excess of flOOk
Source: RICS salary survey 1994.
428 Quantity Surveying Practice Quantity Surveying Organisation and Practice 429
wide variations in salaries paid; which are influenced significantly by geo-graphical locations and the ages of respondents. In general the salaries compare favourably with those received by general practice surveyors and architects, although there was a general dissatisfaction with the renumeration packages.
Benefits
About two thirds of respondents had a company car, with the most com-mon value being LlOk-413k. This was sometimes supplemented by busi-ness mileage allowances (16 per cent) or private mileage allowances (47 per cent). Nearly 38 per cent of respondents qualified for an annual bo-nus, although 60 per cent received under f1000. Between 10 and 20 per cent of respondents received individual private medical insurance, family private medical insurance, permanent health insurance and RICS subscriptions, while over 50 per cent had company pensions available to them, which were mainly contributory. A small percentage of respondents received a subsidised mortgage and/or part of a share option scheme. With regard to company cars, the report pointed out that with changes in tn,‹ legislation, there was an increasing tendency for car allowances to be offered and this accounted for approximately 30 per cent of respon-dents with a usual allowance of up to (3000 pa.