Friday, October 29, 2010

Pay rises across the board

Board of Directors, that is.

FTSE 100 pay packets 'scandalous' when ordinary workers face wage cuts
New figures out today revealed FTSE 100 director pay shot up by 55pc in the 12 months to June. In the FTSE 350, total boardroom pay climbed by 45pc on average, the figures by IDS found.

The statistics came less than 24 hours after a survey by the same consultancy found 16pc of employers were still pushing through pay freezes, effectively passing on pay cuts to staff when inflation was taken into account.

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