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Post by dmncf on Dec 11, 2018 21:03:16 GMT
I apologise for lowering the tone of the forum by referencing the Daily Mail! www.dailymail.co.uk/news/article-6477255/All-aboard-Mayor-Khans-gravy-train.htmlI'm not surprised that "63 Transport for London staffers last year took home more than £200,000", because it's a big organisation and if some of the transport modes were split off into standalone companies, these would be substantial in themselves. What I am struggling to comprehend is: So this is the mean average. I'm puzzled about why the organisation doesn't seem to have large ranks of staff in lower grades, earning £30k, £40k, or even £50k or £60k, which would result in a lower average than £83k. Is there something I'm misunderstanding about this average?
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Post by greggygreggygreg on Dec 11, 2018 21:48:52 GMT
It depends how you measure the cost of an employee. As well as their salary, there's the cost of employer pension contributions, uniform, sick pay, and any other costs you can think of. Although you can be assured that everything you read in the Daily Mail is exaggerated, made up or just blagged.
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class411
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Post by class411 on Dec 12, 2018 9:33:45 GMT
It depends how you measure the cost of an employee. It (DM) didn't mention costs, it said that was what what they took home. Which is probably where the DM got it wrong. DM journalists are not the sharpest knives in the drawer and probably thought that the figure for 'staff costs' just included salaries. Quite honestly, I'm surprised they even managed to get the arithmetic mean correct. (I assume, I haven't checked.)
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