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Vice-Chancellor's Salary

The Vice-Chancellor’s remuneration has been reviewed each year to date in relation to University performance.

Professor Edward Peck took up his post as Vice-Chancellor in August 2014. Prior to that he had spent six years as Pro-Vice Chancellor for Social Sciences at the University of Birmingham where he had previously been both a Head of School and Department. He started his academic career at King's College London in 1995, joining after a number of senior roles in the NHS.

The Vice-Chancellor’s remuneration is reviewed annually by the Remuneration Committee, one of the sub-committees of the Board of Governors (Terms of Reference of the Committee).

In considering any increase in his salary, or indeed that of any member of the senior team, this Committee has taken into account:

  • the performance of the University overall and against the 21 Key Performance Indicators (KPIs) agreed by the Board of Governors
  • the comparability of the current package to peers both within the sector and appropriate benchmarks external to the sector
  • pay and bonus principles and practice across the University.

The Vice-Chancellor is not a member of the Remuneration Committee. He is invited to attend the Committee’s meeting to advise the Committee on agenda items that do not relate to his own salary or other potential benefits. Both a member of NTU staff elected to the Board of Governors by Academic Board and a recent NTU student selected by the Chair of Governors in collaboration with Nottingham Trent Students' Union are members of this Committee.

Recent recognition for NTU

NTU has been awarded a University of the Year title for the past three years. The Times Higher Education University of the Year 2017, Times and Sunday Times Modern University of the Year 2018, and University of the Year 2019 in The Guardian University Awards 2019. During 2019 NTU climbed to its highest ever ranking – 12th – in the Guardian University Guide, a rise of four places on the previous year, continuing a trajectory that has been sustained for the last five years, it was 73rd in 2014. This is the highest placing ever achieved by a university with NTU’s origins.

This is recognition of NTU’s innovative and systematic approach to enabling students to fulfil their academic potential, and in particular the University’s commitment to supporting students from less privileged backgrounds in transforming their life chances. It is among the UK’s top five recruiters of students from disadvantaged backgrounds and the biggest single recruiter of UK undergraduates by a UK university. NTU was the first UK higher education institution to sign the Social Mobility Pledge, demonstrating its commitment to furthering social mobility through education. In recognition of this work, NTU was named University of the Year 2019 at the UK Social Mobility Awards. It has also been selected to co-lead a national centre to research and develop best practices for universities on how to improve access and participation.

NTU also improved its position in QS World University rankings significantly in 2018/19, with a rise by two full categories from the 800-1000 group to the 701-750 group. It was ranked fifth in a table of global universities’ performance in relation to environmental sustainability.

Last academic year saw NTU recognised for its commitment to gender equality by achieving the Bronze Award under the Athena SWAN Charter.

External Recognition and Contribution of Professor Peck

NTU’s Vice-Chancellor was a member of the Government’s Independent Panel advising on the Fees and Funding for Post-18 Education that reported in the summer of 2019. He is a Universities UK nominee to the Board of the Universities and Colleges Employers Association and a Trustee of the Universities and Colleges Admissions Service. He is an elected member of the Board of Universities UK from 1 August 2019. On a personal note, recently Professor Peck has been conferred the award of Fellow of the Academy of Social Sciences for his contribution to the discipline.

University Key Performance Indicators

As in previous years, for 2018/19 the performance pay and salary increase received by the Vice-Chancellor were based on his own and NTU’s performance, the latter being benchmarked against NTU’s KPIs. These KPIs are derived from the 2015-20 strategic plan developed with colleagues and students and agreed by the Board of Governors. The five themes at the head of the columns represent the foci around which the strategic plan is set out. Below is the current summary of performance against the KPIs in 2018/19 as of 1 December 2019, RAG rated as approved by the Board of Governors. KPIs are monitored throughout the year and this summary will be updated next in December 2020.

Creating Opportunity

KPI number Description of KPI Status of KPI
1 Home / EU undergraduate students undertaking or undertaken assessed work placement / experience. Green
2 Increase Home / EU postgraduate students (headcount). Green
2a Increase Home / EU postgraduate students (income). Green
3 Growth in distance learning portfolio. Red
4
Increase students in graduate employment / further study.
Green
5 Reducing the student attainment gap against target (Home). Red
5a Reducing the student attainment gap against target (international). Amber
6
Increase student satisfaction.
Amber
7 Improving the non-continuation rate. Red

Valuing ideas

KPI number Description of KPI Status of KPI
8 Enhanced performance in REF2020. -
9 Increased number of doctoral research students registered. Amber
10 Increased research grant income and contract income. Red
11 All academic established core staff possess approved teacher accreditation. Amber
12
Improved teaching quality National Student Survey (NSS) score.
Amber

Enriching Society

KPI number Description of KPI Status of KPI
13 Establish strategic relationships with key partners including agreed shared goals. Green
14 Enhanced investment and support for start-ups, spin-offs, and SMEs. Green
15 Steady increase in staff and student volunteering (staff). Green
15a Steady increase in staff and student volunteering (student). Green
16
Sustain contribution to environmental sensitivity.
Green

Connecting Globally

KPI number Description of KPI Status of KPI
17 Increase international students (headcount). Green
17a Increase international students (income). Green
18 Deliver institutional international partnerships. Green

Empowering People

KPI number Description of KPI Status of KPI
19 Increase appraisal completion rate. Green
20 Increase the level of Athena SWAN accreditation. Green
21 Increase level of staff advocacy. Green

Salary, Benefits and Expenses

The Vice-Chancellor does not have a "grace and favour" home. He is not provided with a car and NTU does not employ a chauffeur on his behalf. He is not provided with any allowance to compensate for the absence of these benefits.

The Vice-Chancellor's salary is reported in the University's financial statements on an annual basis. The financial statements for the financial year 2018/2019 will be published online early 2020. However in the interests of transparency and openness, the Vice-Chancellor's salary history from 2014/2015 together with his current salary for 2019/20 is shown below:

Previous salaries
 2019/202018/192017/182016/172015/162014/15
Base salary £272,570 £267,750 £262,500 £250,000 £242,400 £240,000
Bonus / performance pay £20,442 £26,250 £25,000 £24,240 £16,000 Nil
Benefits in kind Nil Nil Nil Nil Nil Nil
Employer's pension contribution TBC £5,623 £5,513 £11,875 £40,400 £38,400
Payment in lieu of employer's pension contribution TBC £42,840 £39,750 £33,125 Nil Nil
TOTALTBC£342,463£332,763£319,240£298,800£278,400

Ahead of the Remuneration Committee meeting, the Vice-Chancellor requested to the Chair of the Board of Governors that the Remuneration Committee limit any increase in his base salary for 2019/20 to the National Framework Agreement rise of 1.8%. The Remuneration Committee decided to award a 1.8% increase.

Personal expenses

The expenses for the Vice-Chancellor (from 1 August 2014) are shown below:

 TravelSubsistenceAccommodationHospitalityMiscellaneousTOTAL
2018/19 £537.45 - - - - £537.45
2017/18 £772.63 £26.00 - - - £798.63
2016/17 £321.50 - - - - £321.50
2015/16 £383.65 £67.00 - - - £450.65
2014/15 £657.50 £3.70 - £217.22 - £878.42
Corporate credit card spend relating to the Vice-Chancellor
 TravelSubsistenceAccommodationHospitalityMiscellaneousTOTAL
2018/19 £395.73 £84.83 - £314.57 - £795.13
2017/18 £369.60 £58.56 £227.05 £565.35 - £1220.56
2016/17 £370.56 £310.27 - £771.30 - £1452.13
2015/16 £327.30 £33.48 £222.99 £331.60 £72.50 £987.87
2014/15 £693.74 £65.00 - £724.74 £108.71 £1592.19
Travel and similar expenditure incurred by the University on behalf of the Vice-Chancellor in the performance of his duties:
  Hotel accommodation Train fares Air fares Economy flights Business Class flights Taxi costs
2018/19 £1,259.58 £3,456.50 £5,837.11 - 2 £208.60
2017/18 £1,191.54 £3,208.88 £8,271.70 - 4 -
2016/17 £2,187.60 £2,566.49 £8,035.81 2 6 £946.70
2015/16 £1,510.78 £4,026.81 £10,530.07 3 4 -
2014/15 £740.24 £3,280.83 - - - -

In all cases these expenses exclude expenditure that has been reimbursed from a third party.

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