In her monthly column in Employee Benefits, deputy editor Debbie Lovewell-Tuck (pictured) asked: Can an organisation’s approach to executive pay impact its corporate reputation?
Yes, but not just executive pay. Any disputes over pay, whether shareholders voting down executive pay or bonuses, or strikes or other prolonged pay negotiations with other employees, suggests management time, money and general effort is diverted away from the strategic objectives of the business.
That can be perceived as detrimental to the growth prospects of the organisation, and where it is a consumer-oriented organisation too (banks, for example), could impact on trading.
– Fiona Bell, chair of The Quoted Companies Alliance