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A report commissioned by the UK Railways Regulator found that wages and conditions for UK rail workers are more favorable compared to those in the private sector.
The Railroads and Roads Authority (ORR) commissioned independent consultants to establish whether the cost of hiring more than 64,000 rail workers is higher or lower than “market comparables.”
According to the study, total compensation for roles in the rail industry is “in line with compensation for comparable roles employed elsewhere in the economy, with a difference of +9%, a cut above” It turned out to be close to the off point (+10%). market evaluation
It also noted that the terms and conditions of employment for railroad employees were “generally more favorable than those in the private sector, which have shorter weekly contract hours and more generous entitlements to pensions, annual leave and sick pay.” I also understand that there is.
In addition, rail industry employees also receive commuting benefits in the form of free or subsidized rail travel, an “industry-specific benefit.”
According to the report, the average gross compensation for network rail maintenance workers who own and manage most of Britain’s railways is £44,732 ($50,312), compared to people in comparable jobs. About 18% above average.
Station workers employed by railway operators are typically paid 12% more than the average for their type of job.
Will Godfrey, director of economics, finance and markets at ORR, said the report was “a good first step in improving transparency.”
“The findings have identified areas where rail operators and Network Rail can conduct further analysis of payment structures,” he added.
Trade union leaders: ‘Something’s wrong with the market’
Union leaders, who have organized waves of strikes that have repeatedly paralyzed railroad networks in recent weeks, reacted angrily to the report.
Mick Lynch, General Secretary of the Rail, Maritime and Transportation (RMT) Union said: .
He slammed the ORR report for failing to mention the “exorbitant salaries” of Network Rail executives as the company’s staff “endured a three-year pay freeze and witnessed a precipitous drop in living standards.” did.
he said: If that means RMT members’ wages are higher than the market rate, then there is something wrong with the market. ”
PA Media contributed to this report.
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