All aboard Sadiq Khan's gravy train! GUY ADAMS on why the average Transport for London salary is now £83k despite £11bn debts and the Mayor's delay-ridden £15bn Crossrail that was meant to open TOMORROW
I'm not surprised that "63 Transport for London staffers last year took home more than £200,000", because it's a big organisation and if some of the transport modes were split off into standalone companies, these would be substantial in themselves. What I am struggling to comprehend is:
TfL's 26,994 staffers last year took home a combined £2.25 billion, according to its last annual report. That equates to an average of £83,337 each.
So this is the mean average. I'm puzzled about why the organisation doesn't seem to have large ranks of staff in lower grades, earning £30k, £40k, or even £50k or £60k, which would result in a lower average than £83k. Is there something I'm misunderstanding about this average?
Post by greggygreggygreg on Dec 11, 2018 21:48:52 GMT
It depends how you measure the cost of an employee. As well as their salary, there's the cost of employer pension contributions, uniform, sick pay, and any other costs you can think of. Although you can be assured that everything you read in the Daily Mail is exaggerated, made up or just blagged.