Payroll

Payroll covers all the people employed by the club, from the players, through the board members, through to the match day tea-lady.

There is a recognised target of having wages at no more than 50% of turnover. The trend line on the graph below shows that the club are currently well within that target with a ratio of 42% in the year up to July 2006. This was mainly due to the income being a lot better than the previous year but is still to be applauded. Looking back to 1999 the wages were 98% of the revenue, which was an absolute disaster financially, and just confirms how bad it is to be outside the SPL.

The other sides in the SPL seem to be targeting a wages ratio of 60%. This means Hibs are paying their players less than the rest which can either be seen as sensible and prudent, or as restricting the sort of players the club can attract.

The amount being paid out in wages is creeping up steadily. This could well be due to bonus payments being made for Cup successes. If this is the case then this is great as it means that if there is a down turn in success then the wage should automatically be reducing too.

2008 - The wages have continued to rise. The make a virtue of this suggesting it shows they are backing their managers by investing in the playing squad. Unfortunately the investment was not matched by results and the wages are now starting to look out of line with performances.

The graphs below shows how the pay of the directors has changed over the last eight years. In 2000 the directors pay was under £160,000, but 2006 it had risen to nearly £390,000. Presumably there is some justification for this rise while the general wages have been steady over the same period. The club accounts do not make any comment.

2008 - Rod Petrie received a 6.6% pay increase, and reduced bonus of £12,500, bringing his total cost to Hibs to £191,057 for the year. The overall cost of the directors went up by nearly £100,000 on the year.

The last graph shows the number of employees the club has. This is split into players/management, and commercial/administration. The big leap in employees around 2001 was when the club had conferencing and banqueting people. These had disappeared by 2005.