Agenda item

To receive updates from the General Managers of Smithfield, New Spitalfields and Billingsgate Markets.

The Board received updates from the General Managers of Smithfield, New Spitalfields and Billingsgate Markets.

In respect of staffing matters, the Deputy Chairman suggested that the use of  Market Forces Supplements (MFS) are unsatisfactory, as the City of London Corporation should be offering competitive salaries from the outset.  The Markets Director reminded Members of the City Corporation’s Reward Refresh Project, which seeks to understand job gradings across the Corporation and how they relate to the private sector.  Members noted that this would be a lengthy process, as it requires extensive consultation with staff in terms of desirable packages; noting that aspirations and priorities change with each generation. 

RESOLVED, that – the report be noted.