Keele University
Notes to the Accounts For the year ended 31 July 2021
8 Staff costs ( continued ) Pay ratio of the Vice-Chancellor compared to the median pay of staff
The ratio has been calculated using the OfS Accounts Direction guidance , which states the calculation “ must include all employees who are required to be included in real-time reporting to HMRC . Employees that are not required to be included in real-time reporting to HMRC should be excluded from the calculation of the remuneration of ‘ all other staff ’”. This includes all substantive staff together with all sessional and casual staff and anyone else paid through the payroll but excludes Agency Staff .
The median pay is calculated on a full-time equivalent basis for the salaries paid by the University to the staff . Year ended 31 July 2021 31 July 2020 Pay multiple Pay multiple
Basic salary of Vice-Chancellor compared to median of University staff 7.04 8.91
Pay multiple
Pay multiple Total remuneration of Vice-Chancellor compared to median of University staff 7.42 9.48
As can be seen in the Emoluments of the Vice-Chancellor , the basic salary of the Vice-Chancellor has remained the same in the year to 31 July 2021 as for the year to 31 July 2020 , whilst the total remuneration has fallen slightly . The median pay level has increased though as the number of atypical contracts fell during the year .
Remuneration of higher paid staff
The number of staff with a basic salary of over £ 100,000 per annum has been included below , including the Vice-Chancellor in line with the OfS Accounts Direction clarification dated 30 July 2021 ( the 31 July 2020 comparatives reflect this clarification ). Basic salary includes market supplements , but excludes ( amongst other items ) bonuses , payments in lieu of pension contributions , allowances , clinical excellence awards , benefits , compensation for loss of office , employer pension contributions , employer National Insurance and expenses . Payments made on behalf of the NHS in respect of its contractual obligations to University staff under separate NHS contracts of employment are not included within remuneration . In line with the Office for Students Accounts Direction , staff who joined or left part-way through a year who would have received salary in these bands in a full year but did not in this part year are excluded .
Year ended |
|
31 July 2021 |
31 July 2020 |
Basic salary per annum |
Number |
Number |
£ 100,000 to £ 104,999 |
1 |
2 |
£ 105,000 to £ 109,999 |
3 |
6 |
£ 110,000 to £ 114,999 |
3 |
1 |
£ 115,000 to £ 119,999 |
- |
1 |
£ 120,000 to £ 124,999 |
2 |
- |
£ 125,000 to £ 129,999 |
1 |
1 |
£ 130,000 to £ 134,999 |
- |
- |
£ 135,000 to £ 139,999 |
1 |
1 |
£ 140,000 to £ 144,999 |
1 |
1 |
£ 145,000 to £ 149,999 |
- |
- |
£ 150,000 to £ 154,999 |
1 |
1 |
£ 180,000 to £ 184,999 |
1 |
- |
£ 235,000 to £ 239,999 |
1 |
1 |
Key management personnel
15 15
Key management personnel are those persons having authority and responsibility for planning , directing and controlling the activities of the University through the University Executive Committee .
Key management personnel costs are based on 16 ( 2020 : 15 ) University employees . Compensation consists of salary , benefits , compensation for loss of office , employer ’ s national insurance and employer ’ s pension contribution .
Year ended 31 July 2021 31 July 2020
£’ 000 £’ 000
Key management personnel 2,328 2,376
48