REPORT OF THE REMUNERATION COMMITTEE 2020
The Remuneration Committee met on two occasions in 2019/2020 – on 24th April 2020 and on 8th July 2020. All members were present at both meetings, which were held remotely via Microsoft Teams.
The Chair of the Remuneration Committee always stresses to the Committee that their decisions should be based on fair, appropriate and justifiable remuneration that demonstrates procedural fairness and sensitivity to the stewardship of Winchester’s funds to ensure value for money and the protection of the Institution’s reputation. The Committee has access to a range of information to inform its decisions including:
- Winchester’s latest key performance indicators table and associated RAG ratings and trends, set against agreed strategic targets for Winchester as a whole
- The Vice-Chancellor’s achievements against the objectives set in her individual review
- The latest position on the HE-wide pay negotiations
- The current median pay ratio of the Vice-Chancellor to all Winchester staff
- Higher Education sector comparative remuneration data for senior staff in similarsized universities including the Universities and Colleges Employers’ Association (UCEA) senior staff remuneration survey and the CUC Vice-Chancellor salary survey
- Other relevant data regarding external senior staff in public bodies locally (such as Hampshire County Council and Winchester City Council)
- Consideration of these sources of comparative information ensures that the Vice-Chancellor’s remuneration is set at a level that is appropriate and justifiable in relation to the size and complexity of the role.
The Committee noted the serious detrimental impact on the financial position of the higher education sector caused by the COVID-19 pandemic and noted that this had resulted in UCEA taking the decision that there would be no uplift of the national pay spine salaries in 2020/21. Taking both the national and the Winchester’s specific financial situation into account, the Committee took the unanimous decision that there should be no salary increase for the Vice-Chancellor for the financial year 2020/21 and that this decision should also apply to all other members of Winchester’s Senior Management Team. Accordingly, the basic salary of the Vice-Chancellor remains unchanged at ￡233,207 per annum.