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Bonuses became rampant wherever size allowed "HR consultants" with opaque reward packages to run riot.
Before the merger, St Mungo's had refused to join the housing sector's "race to the bottom" – very low pay for front line workers and excessive executive reward packages.
"We are reviewing enhancements to our remuneration, benefits and reward packages to enable us to recruit and retain top talent in the business at every level," said MacLennan.
Its own evidence to the SSRB [pdf] this year was explicit: "There remains some concern about our ability to recruit key staff of the right calibre due to uncompetitive reward packages and that we may not be able to hold on to talented people as the economy improves".
Four years ago, GCHQ informed Parliament that it had worked to put "more flexible reward packages" in place to attract technical specialists.
Thomas wrote to backers of the "Veronica Mars" movie that they are trying to get more big reward packages together and working out the kinks to allow international donations.
Similar(51)
The living wage looks at basic pay but our reward package is much broader than that.
The FDA firmly believes that these changes to pension arrangements must be accompanied by an overall rebalancing of the total reward package for senior public servants.
In addition, 8% had reduced other aspects of their staff reward package, such as paid breaks, overtime or bank holiday pay.
Emma Harrison, the controversial boss of the welfare-to-work firm A4e, has resigned as chair of the company she created, blaming the media furore over her multimillion pound reward package and allegations of fraud.
Ernst & Young argued that "by withholding or awarding the bonus (irrespective of performance), which constitutes a significant element of the reward package, the bonus could be used as a tool to motivate certain behaviours from the MD".
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