Chief executive pay in the NHS has stalled at an average of £157,500 as a result of the Government’s salary freeze.
Figures from the Incomes Data Services (IDS) highlighted the end of the long-term trend of high wage growth in NHS boards.
The findings...
Pay increments in the manufacturing industry have inched up to an average of 2.6 per cent for the three months to the end of March.
According to data from EEF, the manufacturers’ organisation, and JAM Recruitment, wage rises were up 0.1 per cent. However, this is below the long-...
Pay awards should be linked to performance and not be based on shareholder votes, according to the Confederation of British Industry (CBI).
In response to the Government’s consultation on investor voting rights, the CBI has argued that transparency of remuneration should be the...
City investors have made a stand against excessive executive pay.
A group of asset managers and pension fund managers has spoken out against “disproportionate” bonus rises and has called for unwarranted payouts to be clawed back.
The investors said in a...
Remuneration awarded to the Chief Executive of Barclays has fallen under the spotlight after the Association of British Insurers (ABI) issued an alert.
The ABI has reportedly sent its members a warning about Bob Diamond’s £17.7 million pay deal. In particular, it...
Anthony York discusses the current trends in compensation management.
Concern about economic turmoil seems likely to continue well into 2012, yet the focus for reward professionals is moving away from cost control.
The key compensation management issues facing organisations this year were identified in the first annual UK Compensation Trends Survey. The...
Investment bankers at Barclays have benefited from £28 million in share awards, with two individuals receiving around £10 million each.
Following regulatory disclosures, it has been revealed that the payments consisted of deferred bonuses which were awarded between...
HSBC has decided to sell shares in order to fund non-deferred bonus payments.
In a pay deal agreed in conjunction with the Financial Services Authority (FSA), the bank will create new shares which will be sold to reward its highest-paid staff the non-deferred element of their...
The Chief Executive of Cable & Wireless stands to make £600,000 after working for the company for less than three months.
The technology company could be sold to Vodafone, which would reportedly trigger a clause in Gavin Darby’s contract. In the event of a...
Bonuses are “still out of control” according to the Trades Union Congress (TUC), despite Stephen Hester relinquishing his share bonus worth £963,000.
The Chief Executive of the Royal Bank of Scotland (RBS), who earns an annual salary of £1.2 million,...
Anger is mounting after Stephen Hester, Chief Executive of the Royal Bank of Scotland (RBS), was awarded nearly £1 million in shares for his performance in 2011.
Remuneration at the bank, which is 83 per cent owned by the taxpayer, has come under close scrutiny from the...
Top performers are to be singled out for additional rewards at more than 40 per cent of organisations.
Research from Curo Compensation and Digby Morgan found that the focus of pay professionals had moved away from cost control. The biggest concern was the alignment of reward,...
Employees are losing confidence in reward and how it compares to their work, according to research from the Chartered Institute of Personnel and Development (CIPD).
Many workers have been left unsatisfied with the level of pay rise and bonus that they received in 2011, with...
The Managing Director of Kent County Council (KCC) is to leave her position with a reported six-figure sum.
Katherine Kerswell will depart after only working 18 months of her four-year contract. However, it is not clear whether she resigned or was made redundant.
According to the...
The earnings of the highest paid eight individuals at UK banks should be revealed, according to a Government proposal.
The information, to be anonymously disclosed, would affect institutions with more than £50 billion worth of assets. The only banks to escape this regulation are those...
