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...
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HMRC fails to understand payroll practicalities
At the recent LexisNexis Payroll Year End Conference HM Revenue & Customs (HMRC) provided an update on Real-Time Information (RTI). Although there has been much progress, there are many technical considerations which appear to have been...
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...
Reward levels at Royal Dutch Shell more than doubled during 2011.
The oil giant’s annual report showed that total remuneration for its top 19 directors and senior management team increased from £26.8 million to £54.7 million. This was attributed to “high...
Reward will always be about more than cash. That’s because we know more about non-financial reward than we used to, says Mark Childs.
The term “total reward” is here to stay. Whatever the fashion in pay and benefits at a point in time, reward will always be a mixture of the financial and non-financial. What is true, however, is that the balance between the two is never constant. With real incomes under pressure, the...
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...
This year’s pay rises will reach an average of three per cent, marginally above inflation of 2.9 per cent, according to Towers Watson Data Services.
The Salary Budget Planning Report found that wage increases in Western Europe will be around three per cent. However, the...
Staff at the John Lewis Partnership are likely to experience a drop in their annual bonus following a downward high street trend.
The retailer, which has not seen a cut in bonuses for three years, is forecast to make a payout of around 12 to 14 per cent of salary. This will be...
An investigation into the Government’s involvement with pay and bonuses at state-backed banks is to be launched.
The Treasury Select Committee wants to ensure that “interference” from the Coalition is not having a negative impact on the institutions....
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 two largest banks in France are to halve the bonuses awarded to their traders, following a drop in year-on-year profits.
Societe Generale revealed that it had suffered a 39 per cent drop in yields, and its investment arm had suffered a 63 per cent reduction. The cut in...
Public sector departments, including taxpayer-subsidised entities such as the BBC, have been asked to review their bonus structures.
Cabinet Office Minister, Francis Maude, and Chief Secretary to the Treasury, Danny Alexander, have contacted all Government departments over the...
