Ofcom has frozen pay for all its employees, as the economy takes its toll on the communications watchdog.
Ofcom said there will be no pay raises for staff this financial year until March 2010, which a spokesperson told IT PRO should save about 900,000.
The five-member executive committee has also agreed to not take bonuses this year. The spokesperson said it's difficult to say how much that will save, as the bonuses are based on performance, but he added that chief executive Ed Richards was awarded 56,400 last year.
Fellow committee member Peter Phillips was given an extra 36,100, while chief operating officer Jill Ainscough got 22,137. The other two members of the board were not around long enough to win bonuses last year.
Ofcom added that any savings will be "returned to the taxpayer" or its stakeholder companies.
"Ofcom's Remuneration Committee took into account the negative rate of inflation, the pressure on public finances and the economic circumstances of the many companies within the communications sector where similar action on pay has been taken," the watchdog said in a statement.
"The committee wanted to ensure that Ofcom reflected the circumstances of the companies and taxpayers who pay for the organisation and took full account of the widespread financial pressures they face," it added.
Click here to read about IT job cuts across the IT sector.
-
Why keeping track of AI assistants can be a tricky businessColumn Making the most of AI assistants means understanding what they can do – and what the workforce wants from them
-
Nvidia braces for a $5.5 billion hit as tariffs reach the semiconductor industryNews The chipmaker says its H20 chips need a special license as its share price plummets
-
We're addicted to our phones, according to OfcomNews Although always being connected means flexible working, some think it's having a negative impact on relationships
-
Ofcom reveals automatic compensation for ripped-off broadband customersNews £142 million will be automatically paid out to customers receiving a delayed service
-
Three fined £1.9m for 999 call flawNews Ofcom investigation reveals emergency calls were routed through a single data centre
-
Ofcom fines EE £2.7m for overcharging 40,000 customersNews Customers dialling 150 number abroad were overcharged £245,700
-
BT ordered to spin off OpenreachNews Ofcom rules BT has failed to address competition concerns
-
BT/EE banned from bidding for half of frequency at next spectrum auctionsNews New Ofcom rules prevent BT from bidding for half of frequencies available at 2017 spectrum auctions
-
Vodafone fined £4.6m for failing to top up pay-as-you-go customersNews Ofcom fines Vodafone for failing to credit PAYG
-
Ofcom drafts in public to build mobile coverage mapsNews The application will automatically log data from Android devices
