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Tim Roache

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Date of birth April 6,1962
Zodiac sign Aries
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About Tim Roache


Timothy John Roache is a British trade unionist who served as General Secretary of the GMB union from 2016 to 2020.

UK bosses earn 117 times the average worker, despite a pay cut

Feb 16,2020 12:35 am

The average salary for chief executives fell by 13% between 2017 and 2018, But still deserves to be 117 times More Than the average British full-time worker, a report has found.

A chief of one of Britain's largest stock exchange 100 companies listed earned £3. 5m per year, on average, of the CIPD, The Professional Association for HR.

The average full-time worker in the UK earns £29,574.

The Report also showed still a large gender gap at The Top of large companies.

In the year 2018, only six of the FTSE 100 companies have a female boss, compared to seven in 2017.

The CIPD-analyses of executive pay, along with The High Pay Centre think-tank, every year.

CIPD chief executive Peter Cheese, said: the distance between the numbers on The Top and bottom of the company remained "unacceptably wide".

"We need to question if CEOs focused to hold on financial measures and incentives, share high the prices are excessive, But focuses on the long-term health of your company," he said.

'Public trust'

High Pay Centre Director Luke Hildyard said: "There is still more to be done to align pay practices with the interests of the company. "

He added that it was important to give "The Public confidence that our largest companies, which is good for the economy as a whole, rather than the enrichment of a few people at The Top ".

The CIPD and The High Pay centre, A Number of recommendations:

For the First Time , the study also figures in the FTSE 250, considered companies, the 250 largest companies listed on the stock exchange after the FTSE 100 companies.

If you have found that, in contrast to FTSE 100 companies to pay the salaries of the members of the management Board in this group remained relatively stable. Pay an average of £1. 58m rise in 2016 and 2018, with 2% to £1. 61m in the year 2017.

The Drop -in chief executive pay of the trade body The Investment Association has been welcomed.

director of stewardship and Corporate Governance , Andrew Ninian said that this year More Than 50 companies had promised, they cut their executive's pensions on the basis of a campaign by shareholders.

He added: "the investors have repeatedly highlighted their concerns with excessive CEO pay, so that the decline in numbers is a welcome sign, to hear that companies are beginning. "

However, the unions were angered by the sum of the numbers earned by the members of the Board each year.

Frances O'grady, General Secretary of the Trades Union Congress (TUC), said: "the majority of workers would earn two to live, what top execs, in a single year. This is not right.

"These shocking figures, The Gap will not change without major reform. We need to give the new rules, the workers sit on the executive pay committees. This would help bring some much needed Common Sense and fairness in the boardroom pay. "

And the GMB union's General Secretary , Tim Roache , said: "It is an absolute scandal that the average worker must earn graft for More Than a century, the same wage of a CEO in just one year.

"GMB has never anchored against people that always have to be paid well for good work - But we have a maximum pay ratio by law, to make our society fairer and healthy. "



uk economy, ftse 100, pay, gender pay gap, ftse 250, companies

Source of news: bbc.com

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