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WRITTEN QUESTION TO THE MINISTER FOR ECONOMIC DEVELOPMENT BY DEPUTY R.G. LE HERISSIER OF ST. SAVIOUR
ANSWER TO BE TABLED ON TUESDAY 4th JULY 2006
Question
Would the Minister inform members –
( a ) of the additional payments paid to senior management at Jersey Post, such as bonuses and performance
payments, over each of the last 5 years?
( b ) of the percentage that these payments form of additional payments throughout Jersey Post over each of
these years? and,
( c ) of the percentage that these payments form of the management salary costs over each of the last 5 years? Answer
- Total additional payments made to seniormanagement (6 posts)at Jersey Post can bebroken down as follows:
Year Bonus as % of gross salary 2001 8-10%
2002 6-8%
2003 10-22%
2004 17-26%
2005 9-18%
2 0 04 was an exceptional year for performance against profit targets. The Directors remuneration is set by a
Remuneration Committee advised by independent market specialists, in line with corporate governance best practice.
- The above payments as a percentage of the total additional payments made to all employees can be represented asfollows:
Year Senior Management
additional payments as a % of total
2001 *see note 1
2002 9%
2003 18%
2004 20%
2005 16%
Year | Senior Management additional payments as a % of total management salary costs |
2001 | * see note 1 |
2002 | 1% |
2003 3% 2004 3% 2005 2%
* note 1: Pre-2002, Jersey Post was on the States of Jersey payroll system and the detailed information required for 2001 is not readily available.