Ofcom announced that there would be no pay increase for all staff in 2009 to 2010. 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.