26th March 2009, 10:43 AM
I feel that it would be a mistake to get rid of pay minima while there is no structure to take its place. As for this...
"There must be an end to the unilateral setting of pay levels by the workers. Action must also be taken against RAO that donot conform to the IFA pay minima or these should be scrapped."
I find the characterisation of the IfA Executive (for it is surely an executive decision) as 'the workers' as frankly bizarre. Surely they represent their membership, from all levels of the industry. The IfA have put a lot of effort into the benchmarking scheme, and for them to abandon it on the basis that it is unilateral would be counterproductive to say the least. Both Dr Wardle and VoR seem to be indicating that a 3.2% rise to the bottoms of the three brackets would cause a desertion of ROs...but how many of these pay the bottom of the bracket anyway?
"There must be an end to the unilateral setting of pay levels by the workers. Action must also be taken against RAO that donot conform to the IFA pay minima or these should be scrapped."
I find the characterisation of the IfA Executive (for it is surely an executive decision) as 'the workers' as frankly bizarre. Surely they represent their membership, from all levels of the industry. The IfA have put a lot of effort into the benchmarking scheme, and for them to abandon it on the basis that it is unilateral would be counterproductive to say the least. Both Dr Wardle and VoR seem to be indicating that a 3.2% rise to the bottoms of the three brackets would cause a desertion of ROs...but how many of these pay the bottom of the bracket anyway?