The ICE’s top earner has broken the £200,000 mark as membership numbers break 91,000, its annual financial statement has revealed.
The Institution’s annual statement for 2016 said the most highly paid member of the ICE management team jumped from a £180,001 to £190,000 pay bracket to the £200,000 to £210,000 bracket, equating to a minimum 5% pay rise.
By comparison, the highest paid staff member at the Institution of Mechanical Engineers is in the £260,000 to £270,000 bracket and at the Institution of Engineering and Technology is in the £400,000 to £410,000 bracket, with two more staff members paid more than £200,000.
Next highly paid at the ICE is within the £160,001 to £170,000 bracket. In total, 18 people get paid at least £60,000 with a total of £10.9M spent on wages and salaries in 2016.
The ICE said in response that remuneration of senior management at director level and above is reviewed and approved annually by the ICE Group Remuneration Committee, chaired by a recent past president. “The committee ensures arrangements are affordable and fair, and designed to motivate and reward performance in the interests of the ICE Group,” said a spokesperson. “Remuneration is benchmarked periodically using external surveys and data which include both commercial and not for profit organisations, ensuring that salaries for all ICE staff are commensurate with the external market.
“In 2016, pay increases awarded to staff, including those in senior positions, were in line with the external market,” added the spokesperson. ”For the highest paid member of staff, the total remuneration package increased by the average amount.”
In line with targets, membership rose 2% to over 91,000 members with female membership rising by 7% in 2016. Professional review applications rose by 17%. In July last year, ICE members voted “yes” to proposals to create a new Associate Member grade.
The ICE is a registered charity. Almost half of its income comes from the trading activities of its commercial arm Thomas Telford (TTL). Income in 2016 from the business fell from £15.4M to £14.1M, which it attributed to the closure for refurbishment of its headquarters at One Great George Street in the summer of 2016 for refurbishment. Wholly owned by the ICE, the subsidiary company’s principal activities include the publication of contracts, books and journals. It also provides training, meeting and hospitality facilities. The recruitment arm of the business closed in 2016. The whole of the TTL profit is gift-aided to the institution.
In total, the ICE’s income for the year fell from £33.2M to £30.8M with just over £12M coming in from annual subscriptions, around £1.6M from examinations and other training fees and £1.5M from ‘other charitable income’.
The accounts show that OGGS is valued at £17M. In 2016, the ICE completed the major capital works programme of its headquarters at a cost of £5.6M. Eleven companies – including Aecom, Mott MacDonald and WSP – agreed to contribute more than £500,000 over five years towards elements of the programme as part of the Institution’s Shaping the World project.
“As a charity, the ICE seeks to fulfil its mission to foster the art and science of civil engineering for social and environmental benefit. This includes making our knowledge more accessible to the general public,” said the ICE spokesperson.
“The ICE’s fundraising initiative, Shaping the World, enabled the development of the UK’s first learning and exhibition space devoted to civil engineering – the Infrastructure Learning Hub (ILH). The Founding Partners’ contributions of £500,000 were used to renovate the space and install display cases and equipment, making it a suitable space for young people to attract entry to the profession.
“As this was undertaken as part of ICE’s refurbishment of One Great George Street, the ILH renovation also fell under the major capital works programme.”