07 August 2000 00:00 [Source: ICB]
One in four UK chemical companies will be unable to afford next year's salary increases, according to a report by Plimsoll Publishing.
The study analysed 586 companies and found that 226 recorded below-average salaries of £21 500 ($32 500)/year, compared to stronger companies offering £28400 on average. Plimsoll said the most worrying problem for the lagging companies was their inability to generate a good sales per employee figure.
It also revealed that last year only 19 companies managed to increase the number of staff and sales while keeping accounts in the black.
|Sales per||Average||Salary as||Ave pre-tax|
|employee||salary||% of sales||profit margin|
|unable to afford increases|
|able to afford increase|
SOURCE: Plimsoll Publishing
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