The top-level executives and directors at companies have seen a 16 per cent increase in their pay this year, it has been revealed.
Data from Big 4 accountancy firm KPMG showed a rise in the earnings amassed by such individuals, which surpassed the nine per cent growth experienced last year.
Finance directors were found to have higher rises than most, while chief executives of FTSE 100 companies saw a 12 per cent boost from £2.3 million to £2.6 million, according to the figures.
Mary Carter, a partner at the accountancy body, warned that top-level professionals are almost earning the total available to them in rewards, suggesting that incentives are not great enough.
She said: "Will 2008 be the year in which more companies put their heads above the parapet and implement bold remuneration strategies that really encourage stellar performance?"
Last week KPMG hosted its first Fairtrade Business Breakfast, aiming to encourage FTSE 100 bosses to take up ethical practices.
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