How much does CEO of TfL make?
How much does CEO of TfL make? Andy Lord had been serving as TfL's interim commissioner since October 2022, but on Wednesday the organisation's board said he had been given the role permanently, in a process involving more than 200 candidates. The job's salary has meanwhile increased this year from £355,000 to £395,000 - a rise of 11 per cent.
What is the bonus for the TfL bosses?
TfL's chief operating officer Andy Lord also received a bonus of £23,700, in addition to his £320,000 salary. Chief capital officer Stuart Harvey and chief people officer Tricia Wright also brought home five-figure bonuses of £84,400 and £63,700 respectively.
Why are TfL drivers paid so much?
Most salary levels are just based on supply and demand economics really. What makes tube drivers different is the ability of their unions to make the supply of drivers extremely tight (and thus drive up their pay). They do this in a few ways: 1.
Do TfL workers get free travel?
Free travel for you and a nominated partner/family member on the TfL network. A 75% discount on National Rail Season Ticket and interest-free loan. Minimum of 29 days annual leave plus public holidays. Private healthcare discounted scheme - optional.
Is TfL a good employer?
TfL has an overall rating of 3.8 out of 5, based on over 47 reviews left anonymously by employees. 86% of employees would recommend working at TfL to a friend and 57% have a positive outlook for the business.
Are tube drivers overpaid?
Do London tube drivers seem overpaid compared to other countries? Their average salary is 60-70K, with some paid over 100K. Firstly, let's debunk a few myths here, mainly the BS reported by the Daily Mail & Evening Standard. A full time driver on London Underground earns a salary of just over £55K a year.
Is TfL pension good?
The Mayor's December 2020 Independent Review of TfL recognised that TfL's pension scheme is expensive, outdated and in need of modernisation. As part of this funding settlement, the Mayor commits to ensuring TfL's pension fund is financially sustainable and to protecting members' benefits built up to date. 39.
Does TfL own the tube?
London Underground becomes a wholly-owned subsidiary of TfL.