I’ve had a lot of feedback on my CIPD post – all of it confirming the ‘money-making machine’ comment. However, the most interesting titbit, was downright anger at Geoff Armstrong’s salary. In the year ending
Remember that this organization employs less than 300 people, although staff turnover is incredibly high; 61 left last year – 20% per annum (worse than last year)! Their total income from subscriptions, conferences, courses etc is £32.2 million with growth of only 3% (this doesn’t stand comfortably with a half million remuneration package). Each member personally pays Geoff about £4 per year.
I couldn’t find his 2007 salary as the download (not unsurprisingly) does “NOT include the statutory directors' report and financial statements”. The new face is Jackie Orme, who, we assume, won’t be short of a bob or two!