Boa Staff Get 20% Salary Increase
The average salary of British Olympic Association (BOA) staff has risen by more than 20% in the last year – according to media reports.
In March the BOA claimed that the total cost of its responsibilities is thought to be more than £5m and were, at the time, well short of that figure.
However, the latest figures suggest that the average pay of a member of staff at the BOA has risen by more than £13,000 in the last 12 months.
The latest figures are contained in the BOA’s accounts for last year – which has been leaked to the media – with the average salary at the organisation now more than £75,000.
The number of staff employed fell during 2010, from 57 to 52, yet the wage bill rose by around £400,000.
A statement from the BOA said: ‘Those 52 people were instrumental in helping the organisation deliver a year-end profit of £236,000 and increase its reserves to £2.2m for 2010. This is the second consecutive year in which the BOA has produced a profit and expanded its reserves’.
‘The unprecedented opportunities and challenges associated with preparing to support Team GB in a home games environment require the BOA to attract the best-possible talent. Clearly, having delivered a year-end profit for 2010, the organisation is living within its means’.
