The number of people earning more than £100,000 a year at the University of Northampton has increased from two to 10 in the past year, latest financial records have shown.
The end-of-year statement for 2012/13, showed that one member of staff is paid between £180,000 and £189,999 per annum, one between £150,000 and £159,999 and seven between £100,000 and £109,999. In the previous year, only two members of staff were paid more than £100,000.
The accounts showed the pay package of Professor Nick Petford, the vice chancellor, had increased from £198,000 to a total of £209,000. His basic salary increased from £143,000 to £183,000 and his bonus rose from £13,000 to £17,000. Professor Petford also claimed £9,454.22 in expenses, down from £12,345 the previous year.
A spokesman for the University of Northampton said competitive salary packages for senior staff were ‘essential to attract and retain outstanding individuals who can support the university’s objectives and reflect the complexity of their role within a multi-million pound organisation that competes on the global higher education stage’.
The spokesman said: “The salary of the vice-chancellor and other senior staff is set by the independent remuneration committee of the university’s board of governors. Under Nick Petford’s leadership, the University of Northampton has become a top 50 university. This achievement has been reflected in the pay of the vice-chancellor and other senior staff.”
In total, staff costs at the university have risen from £49,692,000 to £51,578,000, although the number of people employed has decreased from 1,045 to 996.
The total amount of severance pay increased slightly from £1,192,000 to £1,201,888 but is still almost double what it was in 2010/11 which was £652,000.
A spokesman said a ‘professional services review’ had been carried out in 2012/13 to ensure the right staff were in place to take the university forward.
The university has managed to cope with an £11 million reduction in funding grants from £34 million to £23 million by increasing the amount of money it receives from student tuition fees from £50 million to £63 million.
The university has also managed to increase its ‘other income’, including conference hosting and European funding from £11.7million to £13.4 million. However money from research grants and contracts has gone down from £1.6 million to £1.2 million.
Spending on legal and professional fees has increased from £995,000 to £2.3 million and the marketing budget has increased from £1.8 to £2.7 million. Total income has increased from £98 million to £102 million.