
Last night’s dinner at the Cicada restaurant in Clerkenwell was with my-favourite-HR-Consultant-and-friend. We got talking about executive salaries and how big organisations are managing the issue (namely, the public outrage that has been growing for years now).
The ‘HR-Advisor’ at the table spoke confidently about different reward strategies, new innovations in setting executive pay, etc. Real world solutions for their clients – in other words. The Comms Advisor is instead fairly committed to proper (albeit selective) stakeholder engagement as part of the salary-setting process, especially when dealing with controversial issues (how much execs get paid, now is a bona fide hot potato for many high profile companies). There still is a complete lack of consultation that takes place on the issue of executive pay (be it with internal executives and staff, and externally with unions, shareholders and influential stakeholders).
The conversation basically froze, and we stopped and looked at each other across a solitary uneaten pork-belly dumpling that lay on the table. Two questions:
- are we talking about completely different issues?
- who is going to eat that last dumpling?
Given the discussion centred around perceived-excesses I guiltlessly consumed the last dumpling on my friend’s urging. As to the former question, clearly we both thought we had a “solution” for clients – but our approaches were vastly different.
I nonetheless ‘enjoy’ the differences. Our clients tend to be functionally-specific – hence solutions/advice tends to be also.
Where we did agree was that even the best technical solution to set top exec’s pay, may not be enough to satisfy the chorus of criticism coming from various sections of society. Companies tend to avoid consultation with influential stakeholders (be they internal or external) on this topic for fear of opening a pandora’s box. Yet, without even the most basic level of consultation (say, with at least the large shareholders, to start with) we both agreed that this problem will not go away any time soon.
Filed under: Uncategorized , Corporate Comms, executive pay


