An overview of salaries paid to our employees.
Staff pay by bands
Salaries payable (including bonuses and excluding pensions) to employees earning £60,000 (excluding Group Executive Directors) were:
|Range £’000||2017 Number|
Ratio of pay of highest earner to lowest earner
Gross salary of the lowest earner compared to gross salary of the highest earner for the year was 1:12.
Chief executive’s salary
Chief executive, Rod Cahill, earned a salary of £210,506. Gross salary paid to him divided by total number of homes owned and managed at the year end was £9.74.
Pay of board members
Remuneration payable to the Group Board members for the year were:
|Salaries £’000||Pension costs £’000||Bonus £’000||Total 2017 £’000|
Remuneration payable to the Group directors for the year were:
|Salaries £||Pension costs £||Bonus £||Total 2017 £|
|Rod Cahill, Chief Executive||206,179||–||4,327||210,506|
|Rachael Dennis, Chief Operating Officer||160,488||15,012||500||176,000|
|Judith Foss, Executive Director of People and Culture||128,482||13,111||500||142,093|
|Tom Titherington, Executive Director of Property and Growth||144,769||13,547||500||158,816|
|Julia Moulder, Executive Director of Development (resigned 28/10/2016)||141,228||13,720||500||155,448|
|Maria McCann, Executive Director of Customer Services (resigned 13/01/17)||164,766||–||500||165,266|
|Paul Bridge, Interim Executive Director of Customer Services (02/09/15 – 12/02/16)||–||–||–||–|
|John Foxall, Director of Customer Services (resigned 17/07/15)||–||–||–||–|
How we set our pay levels
The board is responsible for setting the terms and conditions of the leadership team, ensuring that they are fairly rewarded for their contribution to Catalyst’s overall performance. In doing so the board takes account of market information provided by an external consultant. The role of the governance committee is to review the effectiveness of governance arrangements, board composition and succession and remuneration, including approving the pay award and senior staff pay.