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Although businesses often claim that people are their most important asset, a new joint study by the Chartered Institute of Personnel and Development (CIPD) and the think-tank High Pay Centre has suggested otherwise.
According to the study, those heading Britain’s biggest companies have a greater incentive to hit financial goals rather than to meet targets linked to employee matters.
This news is likely to be a cause of concern for HR leaders given that staff matters including engagement and morale among other things are top priorities for the function.
The joint study – titled CEO pay and the Workforce: How employee matters impact performance-related pay in the FTSE 100 – found that for every pound an FTSE 100 CEO could earn meeting an employee-related target, they could potentially receive £41 for meeting a financial metric.
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