Executive pay rules are harming employee retention

A recent survey of HR specialists found that almost two thirds of companies believe that executive pay has been curbed as a direct result of new rules introduced in October 2013.

The executive pay legislations required a binding shareholder vote on pay policies. In the report, conducted by Linklaters, 58% of people asked felt that the new rules had impacted pay packages for their Board members, but that they have been able to manage within the new framework.