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| Deloitte: Salary freezes show long-term approach of FTSE 350 firms |
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| Latest Recruitment News - HR and Recruitment Legislation News |
| Written by DirectNews Feed |
| Thursday, 16 September 2010 00:00 |
 The fact that many companies offering roles such as finance jobs in London are not going to offer pay increases to senior members of staff this year should not be seen as a completely negative measure, an expert has said.Research conducted by Deloitte has shown that more than 50 per cent of all FTSE 350 firms will not raise the salaries of their executive directors in the near future, meaning that a lot of people in these positions are facing a two-year pay freeze. However, according to Bill Cohen, a remuneration partner at Deloitte - which has around 12,000 staff members in Britain and Switzerland - this may simply be a signal that organisations are looking to the long term. The report states that the rise of bonus deferrals - as well as the significant shareholding requirements now in place - within many FTSE 350 firms suggests that remuneration arrangements for employees are now being planned with the future in mind. "Relatively few companies have introduced provisions which could be considered to have real bite," commented Mr Cohen. Posted by Mary King 
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