Spiralling salaries and generous share options are turning the UK's top IT directors into millionaires.
High-flying IT directors are raking in six-figure sums as employers offer increasingly generous retention packages.
While workers in other professions are making do with pay rises of 3% or less, IT directors have seen their pay increase by nearly three times the rate of inflation.
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What could be Britain's first IT director millionaire was identified last week in a survey by IT recruitment specialist Harvey Nash.
The anonymous director, who works for a City firm, earned £1m last year after cashing in a long-term benefit package.
Bonuses and other perks are an increasingly important retention tool, the survey reveals (see table below).
About 90% of IT directors receive either a company car or a car allowance worth between £450 and £700 a month.
Although London remains the best location for high salaries (averaging £72,500), salaries are growing most rapidly in the South West and Wales, the survey reveals.
What's on offer
|Perk||% IT directors|
|Performance related pay||32|
|Bonus for meeting organisational objectives||49|
|Bonus for meeting personal objectives||38|
Plus company cars worth £20,000-£30,000