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If annual salary reviews are not undertaken then I鈥檇 recommend that a market-based review is required once every other year rather than an RPI (or similar index) based review which can over time end up out of kilter with market-based salaries.

Bonuses have become more popular since the credit crunch, effectively offering a low risk way for a business to minimise costs but reward its staff when results are better than expected.

However, it鈥檚 wise not to forget that estates can be large businesses with some employing hundreds of people and managers overseeing assets worth hundreds of millions of pounds. Remuneration will have to reflect this.

The rural community often has traditional values, but managers come from a generation where money is discussed more freely. During these uncertain times, it is more important than ever to get the money right. Get in touch for a copy of our Estate Staff Salaries Survey.

Alastair Paul, Rural Asset Management