Morale amongst employees on the Monetary Conduct Authority (FCA) has improved after final yr’s pay dispute.
The Metropolis watchdog overhauled remuneration for its 4,000 workers final yr which precipitated the primary strike motion in its historical past.
Learn extra: FCA has 10 questions forward of Shopper Obligation deadline
The FCA’s newest annual employees survey, seen by Monetary Information, confirmed that there are nonetheless questions over management and pay.
Staff raised considerations round technique, integrity and communication failures, with lower than half of employees score management and other people administration positively.
Nonetheless, confidence in management rose 17 share factors from final yr’s survey and the proportion of employees who felt their skills had been being properly used was 43 per cent, gaining 10 share factors.
The class with the bottom proportion of constructive responses was pay. Solely 38 per cent rated their reward bundle favourably, compared to 31 per cent score it unfavourably.
Learn extra: FCA chief paid £455k throughout yr of employees pay disputes
Chief government Nikhil Rathi reportedly advised employees in an inner memo that work nonetheless must be performed, regardless of steps entering into the correct path, in accordance with the Monetary Information report. The FCA mentioned it has made greater than 700 inner promotions within the final yr and has employed over 1,000 employees.
A variety of senior employees left the organisation just lately, together with Tom Willetts, communications director and Mark Steward, enforcement head.
Learn extra: FCA employees reject greater than two days per week within the workplace