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"82 per cent of decision makers at banking institutions say that the code risks weakening UK competitiveness."

 

STEPHEN BROOKS, EXPERT IN PEOPLE MANAGEMENT,  PA CONSULTING GROUP

Banks warn pay curbs will hit UK competitiveness

The Independent
James Moore
17 August 2011

 

Stephen Brooks, expert in people management at PA Consulting Group, is quoted in The Independent. Stephen comments on a PA and City HR survey of senior banking executives.

The article points out that PA’s survey found 52 per cent of respondents feel the code will make it more difficult to attract talent into London and 58 per cent warn that the code will make it easier to attract talent away from the City. As a result 82 per cent of decision makers at banking institutions say that the code risks weakening UK competitiveness.

You can read the article in full here.


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