And what is exactly wrong about setting limits on the pay scales of local authority directors? Where will they go to get better rates – Botswana? As well as politicians “not getting it” and trade unions (i.e. Unite) living in never never land, it seems local authorities are suffering with some alien infliction that does not recognise a thing called recession, and even without a recession those in the public sector need to get real. What a bunch of tossers.
See the CC article here: http://www.communitycare.co.uk/Articles/2010/03/29/114175/Employers-warn-against-budget-plan-for-director-pay.htm
What planet are these people living on? Only the likes of Wilt are allowed to earn those kinds of sums, cos he earns it through hard graft and does not expect a golden goodbye or copper bottomed pension scheme, up to 12 months sick pay, loads of paid holiday and all the other associated perks that are an anathema to the private sector. If Wilt does not work, he does not get paid – simple and worryingly truthful. He is not looking for a handout from the taxpayer and caters for his own time off sick or holiday, and pays for his own private pensions and ISAs that will keep him in comfort in his old age – at least 10 pints of cider a day and that is just for Salty Dog.
Wilt
All the empircial evidence relating to the impact of remuneration committees upon senior executive pay (in both the private and public sectors) indicates strongly that remuneration committees ratchet-up pay rather than control pay or make it more dependent upon performance. This is hardly surprising given that remuneration committees are required to take account of current "market rates" of pay and to avoid unnecessary recruitment and retention problems. Hence, paying at least what "comparable" individuals are paid elsewhere has become standard practice. The instututionalisation of the conceit that remuneration committees have to base pay upon "labour market comparisons" is a conceptual and practical straight-jacket that inevitably makes fools of even committees consisting solely of "independent" Solomon-like, sages. Of course, the resulting and undeserved pay hikes for senior managers creates public outrage and a futile search (Witchhunt)for evidence of bad intent/connenctions between remuneration committee members and the managers whose pay they are meant to be controlling. Thus, apart from the public that pays for this pantomime, it's a great game whereby managers get apparently "legitimate" (but wholly undeserved) pay rises and the press, class warriors and other self-rightious gob shites get something to scream about.
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