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The latest 'Manager Salary Barometer' published by staffing firm Expectra (part of Randstad) reveals that the economic crisis has had a clear impact on managers' salaries, which fell by -1.6% in 2009 and by -1.9% in 2010.
Expectra Managing Director, Hugues Pariot, said "2009 and 2010 have seen pressures on salaries because of the modest outlook for growth in the economy. Companies remain reluctant to employ and employees don't want to change jobs."
"However, some managers have fared better than others. Salaries for accounting managers were up by +7% and salaries for purchasing managers in industry were up by +5%. Process engineers gained an extra +5% and research and development engineers' salaries were up by +3%."