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Fair Reward Framework 2023: public consultation

Reference documents:

The intention behind the Fair Reward Framework is to provide insights on how motivation, performance and retention is incentivised across a company at multiple levels, in recognition that long-term corporate performance is down to the efforts of employees and a variety of stakeholders across a firm, as well as societal inputs that all companies depend upon for their success.

Note: Questions marked with an * asterisk are mandatory - beyond the context questions about you as a survey participant there are only three mandatory questions: 26, 28 and 29.


*Early responses appreciated* with an absolute deadline of *Friday 10 November* at 9:00 GMT
1.Would you be happy for your name and/or affiliation to be included in a list of respondents to the consultation (this will be an indication of participation only)?(Required.)
2.Full name(Required.)
3.Contact email(Required.)
4.In what region are you based?(Required.)
5.Organisation name(Required.)
6.Organisation type(Required.)
7.Sector / industry(Required.)
8.Role / job function(Required.)
9.Would you like to be kept informed about the result of the consultation and the Fair Reward Framework?(Required.)
10.Do you have comments you would like to share about Section 1: Rationale for the Fair Reward Framework?
11.Do you have comments you would like to share about Section 2: The FRF approach?
12.Do you have comments you would like to share about Section 3: Proposed FRF assessment process?
13.Section A: Do you agree these are appropriate indicators for assessing Company Characteristics, with a particular focus on executive pay? If not, please provide an explanation.
14.Section A: Are there any indicators you would want to add regarding Company Characteristics? If yes, please specify.
15.Section A: Are there any amendments you would want to make to the proposed indicators in this section: Company Characteristics (e.g. change indicators, remove indicators, adjust the historic time period, add contextual information, adjust the data source or assessment criteria)? If yes, please specify.
16.Section B: Do you agree these are appropriate indicators for assessing Pay Scrutiny, with a particular focus on executive pay? If not, please provide an explanation.
17.Section B: Are there any indicators you would want to add regarding Pay Scrutiny? If yes, please specify.
18.Section B: Are there any amendments you would want to make to the proposed indicators in this section: Pay Scrutiny (e.g. change indicators, remove indicators, adjust the historic time period, add contextual information, adjust the data source or assessment criteria)? If yes, please specify.
19.Section C: Do you agree these are appropriate indicators for assessing Reward Outcomes? If not, please provide an explanation.
20.Section C: Are there any indicators you would want to add regarding Reward Outcomes? If yes, please specify.
21.Section C: Are there any amendments you would want to make to the proposed indicators in this section: Reward Outcomes (e.g. change indicators, remove indicators, adjust the historic time period, add contextual information, adjust the data source or assessment criteria)? If yes, please specify.
22.Section D: What are your views on the three additional indicators that are outlined? If you have particular suggestions of how these could be developed and what data points would be appropriate please share those here.
23.In your opinion, which of the proposed indicators are the most important for assessing whether reward practices across a company are both robust and fair (please specify between 10 and 15 indicators)?(Required.)
24.Do you have any additional comments about executive pay or a framework to assess fair reward that you haven’t yet had chance to share? (e.g. priorities for future development, such as of scoring systems)
25.Do you think the Fair Reward Framework will be an aid to your work?(Required.)
26.Do you think the Fair Reward Framework as proposed would fulfil its intended purpose?(Required.)
27.Would you be happy for us to contact you to follow up on any of the points you have raised?(Required.)