TITLE

'City pay caps are not the answer to bonus culture.'

AUTHOR(S)
Churchard, Claire
PUB. DATE
September 2009
SOURCE
People Management;9/10/2009, Vol. 15 Issue 19, p6
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the statement released by human resource director Orlagh Hunt of insurance company RSA about the inability of base pay capping to regulate bonuses in the finance industry. She said that a small base pay could encourage further risk-taking. RSA provides proper pay for different roles as well as distinguishes risk-based positions from sales, according to Hunt. She concorded with City minister Lord Myners when the latter addressed the need to stop short-term bonus practices.
ACCESSION #
44765895

 

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