Pay for performance is the only way forward

Philpott, John
July 2003
Personnel Today;7/8/2003, p15
Trade Publication
Strengthened by government regulatory changes that have opened up access to information on executive remuneration and provided new rights to vote on reward packages, shareholders have been keen to hold company boards to account to ensure executive pay reflects performance in Great Britain. More than a quarter of HR and training professionals feel their director or chief executive is overpaid, while about ten percent reckon their employers do not care about the fairness of pay decisions. The message from HR is that organisations that want to avoid legal controversy must consider both the pros and cons when it comes to executive pay.


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