Grow your own But there is a danger that allowing employers to use apprenticeship schemes to "grow their own" staff – giving business more ownership of training schemes, something the recent Richard Review of apprenticeships has recommended – will mean employers fail to train a skilled sector-wide workforce.
Other ideas from the government include publishing pay ratios "comparing CEO pay to pay in the wider workforce".
In an organization without shareholders, the journalists and wider workforce are – along with our readers – its most important stakeholders.
What's more, the improvements in connectivity these schemes will deliver have enormous potential to bring benefits to the wider workforce in the north.
More than half of them are women – 55%, compared with 47% of the workforce as a whole; and more than a third of them are aged 16 24, compared with 12% of the wider workforce.
The High Pay Centre is setting up a "40 times" club, referring to a specific ratio of executive pay to the wider workforce, of which only a handful of FTSE 100 companies would be members.
It added that a third of companies believe their remuneration committee's pay decisions are more focused on fairness between executives and the wider workforce because of new disclosure rules.
The green paper asks whether companies should publish their pay ratio – the gap between the chief executive and the wider workforce – but also cautions that the information could be misconstrued.
The work also supplies highly trained personnel for the wider workforce, and is an inspirational technological and scientific goal on the scale of the moon landings or the Large Hadron Collider.
One way of trying to keep pay in check, or at least narrowing the gap with the wider workforce, would be to elect staff to the remuneration committees that set executives' awards.
The report, which acknowledges executive pay is difficult to justify, did not set out how much directors should receive, either in absolute terms or compared with their wider workforce.
