Podcast 151: Executive Pay and the Psychology of Motivation
All listed companies in the UK with more than 250 people must now report the ratio between their CEO pay and the median pay of their employees. But will that make much difference to the widening gap, and are big, complex reward packages, much of a motivator anyway? In this podcast, our speakers discuss the existing models of executive pay and incentive plans, what motivates top earners and the importance of fairness in reward, as well as the future role of Remuneration Committees. We hear from Sandy Pepper, Professor of Management Practice at the London School , Professor of Management Practice at the London School of Economics, Charles Cotton, CIPD’s Senior Adviser Pay and Reward, and Julia Hanna of Verditer Consulting.