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UK Rail Industry Pay Compares Favourably With Private Sector: Report

Started by Epoch-Times-Bot, Oct 06, 2022, 10:00 AM

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Epoch-Times-Bot

Oct 06, 2022, 10:00 AM
UK Rail Industry Pay Compares Favourably With Private Sector: Report

Pay and conditions for British rail workers compare favourably with those of private sector employees, a report commissioned by the UK's rail regulator has found.
The Office of Rail and Road (ORR) commissioned independent consultants to establish whether employment costs for more than 64,000 railway workers are higher or lower than "market comparators."
The study found that the total reward for rail industry roles is "in line with that for comparable roles employed elsewhere in the economy, although at +9 percent the variance is close to the cut-off point (+10 percent) for an 'above market' assessment."
It also found that employee terms and conditions in the rail industry "generally compare favourably with those in the rest of the private sector with lower weekly contracted hours and more generous pension, annual leave, and sick pay entitlements."...

Source: UK Rail Industry Pay Compares Favourably With Private Sector: Report

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