Summary
BORIS Johnson's promise today to review bonuses and salaries at Transport for London is not before time. As this paper revealed earlier this week, TfL paid out a total of Pounds 2.9 million in bonuses last year; meanwhile, there are a total of 123 senior staff at TfL on salaries of more than Pounds 100,000 a year. The Mayor acknowledged public frustration over the size of the deals against a background of mounting job losses.
City Hall needs to be able to attract specialist staff with the right skills and experience, and in some areas that means being able to compete with the private sector for senior staff. Yet the scale of salaries in TfL -- and to a lesser extent the London Development Agency -- seems to have lost all contact with market conditions. The Treasury, for example, pays just 15 mandarins six-figure salaries. As for bonuses, there is little sense in paying public officials to do what would be their job in any case, widespread though bonuses have become in Whitehall in recent years.See the full content of this document
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Slim Down, Tfl [Edition 2]
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