Radio regulator Ofcom has announce a pay freeze for all staff, in the financial year 2009/2010. In addition, the members of its Executive Committee have agreed that they should not be considered for a bonus this year.
Ofcom’s Remuneration Committee took into account the negative rate of inflation, the pressure on public finances and the economic circumstances of the many companies within the communications sector where similar action on pay has been taken. The Committee wanted to ensure that Ofcom reflected the circumstances of the companies and taxpayers who pay for the organisation and took full account of the widespread financial pressures they face.
Recently both Bauer and GMG have announced a pay freeze for staff in all divisions, including radio.