CBC/Radio-Canada has announced it will no longer give out millions of dollars in executive and employee bonuses, but will increase salaries to “attract and retain the talent it requires to be successful.”
The public broadcaster’s board of directors made the decision to eliminate what it describes as “performance pay” after receiving the “advice and concurrence” of president and CEO Marie-Philippe Bouchard, CBC said in a May 14 statement. It will, however, adjust the salaries of affected staff to ensure they are compensated.
“In order to keep overall compensation at the current median level, salaries of those affected will be adjusted to reflect the elimination of individual performance pay,” the board said in its statement….