Pay Freeze for Ofcom Staff and Directors

UK telecoms regulator, Ofcom says that there would be no pay increase for its staff in 2009-10. In addition, the members of its Executive Committee have agreed that they should not be considered for a bonus this year.

Ofcom's Remuneration Committee took into account the negative rate of inflation, the pressure on public finances and the economic circumstances of the many companies within the communications sector where similar action on pay has been taken. The Committee wanted to ensure that Ofcom reflected the circumstances of the companies and taxpayers who pay for the organisation and took full account of the widespread financial pressures they face.

Savings made as a result of these and other measures will be returned to the taxpayer and to stakeholder companies.

At 31 March 2008, Ofcom had 812 employees. The three boards of directors had a salary of £2.44 million and bonuses of £247,656 in the same financial year.

Posted to the site on 20th May 2009