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	<title>A Feeling Of Worth &#187; employee engagement</title>
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		<title>A Class Apart: Forgetting the Lessons of History!</title>
		<link>http://www.afeelingofworth.com/feeling-of-worth-book/a-class-apart-forgetting-the-lessons-of-history/</link>
		<comments>http://www.afeelingofworth.com/feeling-of-worth-book/a-class-apart-forgetting-the-lessons-of-history/#comments</comments>
		<pubDate>Tue, 13 Apr 2010 15:34:47 +0000</pubDate>
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				<category><![CDATA[Book]]></category>
		<category><![CDATA[chief executive earnings]]></category>
		<category><![CDATA[employee engagement]]></category>
		<category><![CDATA[executive pay]]></category>

		<guid isPermaLink="false">http://www.afeelingofworth.com/?p=157</guid>
		<description><![CDATA[It comes to something when even the head of the CBI calls for greater restraint in executive pay. Yet according to a report in The Sunday Times, Richard Lambert, Director-General of the CBI &#8220;warned before Easter: &#8216;If leaders of big companies seem to occupy a different galaxy from the rest of the community, they risk [...]]]></description>
			<content:encoded><![CDATA[<p>It comes to something when even the head of the CBI calls for greater restraint in executive pay. Yet according to a report in The Sunday Times, Richard Lambert, Director-General of the CBI &#8220;warned before Easter: <em>&#8216;If leaders of big companies seem to occupy a different galaxy from the rest of the community, they risk being treated as aliens.&#8217;</em>&#8221; (&#8220;Bosses Clean Up&#8221;: Business Supplement 11/04/10).</p>
<p>It is questionable whether this threat even gives offenders any reason to pause to consider. Perhaps reminders about Marie Antoinette might be more pertinent. This is because Lambert, citing research from the Income Data Services, says that chief executive earnings for the top 100 UK comapnies are now 81 times the average earnings of their employees &#8211; up from 47 times in 2000. That is a 72% increase. And what is even more alarming is that the base from which they start is so much higher. It is hardly surprising that employee engagement is such an issue. It borders on lunacy that so much effort is expended to &#8220;win the hearts and minds of employees&#8221; when the fundamentals are so flawed and mean that their efforts are doomed.</p>
<p>What is even more insane, however, is the investors who let them get away with it. There seems to be no recognition of the damage they are doing to their business, or any concept that the rewards could be so much greater. At a time when the demand for better use of our global resources has never been greater, this seems little short of iniquitous, and &#8211; unless something is done to realign things &#8211; a recipe for disaster.</p>
<p>Certainly the recent lessons from the banking sector appear to have already been forgotten!</p>
<p>________________________________________________________________<br />
This blog is one of several that I write, but is not regular and I only post to it when current events prompt me to make a comment and invite yours. I do hope you will contribute to the discussion and thus help to initiate and bring about the change that is so badly needed. Please click on the link on the top right of your screen to subscribe to a feed. My primary blog is my business one at Zealise but you can also connect to me at Facebook or Twitter</p>
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