WiredGov Newswire (news from other organisations)
Printable version E-mail this to a friend

Directors' pay rising seven times faster than average wages

Commenting on figures published today (Monday) by Incomes Data Services (IDS), which show how executive pay in FTSE 100 companies outstripped both average wages and inflation in 2012, TUC General Secretary, Frances O'Grady said:

'These figures highlight once again why we need urgent reform of boardroom pay. Top directors are showing little restraint while millions of workers are suffering real-term losses to their incomes and are really feeling the squeeze on their living standards.

'FTSE 100 directors' pay rose over seven times faster than average wages in some cases last year, with rises well above inflation.

'These bumper settlements bear little relation to performance. Allowing workers a seat on remuneration committees would help inject a much-needed dose of reality into pay-setting.'


Average percentage rise in pay, 2012

Average worker


FTSE 100 chairman


FTSE 100 senior independent director


FTSE 100 remuneration chairman


Inflation (RPI)


Source: IDS, Office for National Statistics


Media enquiries:
Liz Chinchen T: 020 7467 1248 M: 07778 158175 E:
Rob Holdsworth T: 020 7467 1372 M: 07717 531150 E: rholdsworth@tuc.org.uk
Alex Rossiter T: 020 7467 1337 M: 07887 572130 E: arossiter@tuc.org.uk

Acute Trust Reshapes its Remote Workforce to Deliver Better Patient Care