Poorer pay for public servants?
Article Abstract:
The Accountant's Magazine's biannual review of remuneration in the UK reveals that public sector pay significantly lags behind private sector pay. The Top Salaries Review Body's annual report, published in Feb 1990, shows that pay raises for approximately 2,000 top civil servants, judges, and military was below inflation: their staggered pay raise will be six percent in Apr 1990 and an additional one percent in January 1991. A Jul 1989 Sunday Times review revealed that the 30 most highly remunerated UK executives averaged 534,000 pounds sterling, an increase of 25% over the previous year. UK executives have experienced the highest salary increases in Europe in the last three years because UK companies are trying to match European Community levels in anticipation of the single European market. A report by the Reward Group in Jul 1989 found that accountants in commerce and industry received an average pay raise of 8.8%.
Publication Name: The Accountant's Magazine
Subject: Business
ISSN: 0001-4761
Year: 1990
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Legislating for loyalty
Article Abstract:
Several changes are being introduced to the British law of employment and trade unions. One of the more significant developments is the introduction of employment law reforms as expressed in the Trade Union Reform and Employment Rights Bill. The Bill aims to reinforce the rights of employees and union members, as well as to enhance the UK's economic competitiveness and eliminate barriers to job creation. Another notable development is the impending abolition of wage councils, which the Conservative government believes are not helping to protect employment and are actually only obstructing employers' efforts in recruiting workers. As in legistation, there are also significant trends emerging in case law. Among these is the shift away from collective bargaining and the move toward individual contracts with workers.
Publication Name: The Accountant's Magazine
Subject: Business
ISSN: 0001-4761
Year: 1993
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