Executive Remuneration at Nuffield Health
Nuffield Health is the UK’s largest healthcare charity, employing over 12,000 people in a range of roles across our hospitals and fitness and wellbeing gyms. We are committed to being an employer of choice, able to attract and retain talented people who will deliver superior and sustained performance and meet our charitable objectives. We aim to meet the highest standards in everything that we do and our values govern how we reward our employees.
Our pay practices are fair and equitable and are linked to both Group and individual performance. All our employees enjoy the same Group wide benefits package designed to support and enhance personal wellbeing and to help them to be well, feel well and stay well.
Remuneration for all senior executives, including the Chief Executive Officer, is determined by the Executive Remuneration and Succession Committee, under delegated authority from Nuffield Health’s Board of Trustees. It is our policy that total remuneration packages, comprising base salary, pension contributions, performance based annual bonus and Group wide employee benefits, should be competitive whilst also reflecting the organisation’s charitable status.
To this end, the Committee conducts an annual independent review of executive remuneration, focusing largely on the general commercial sector from which most executive talent is recruited. In addition to the survey of commercial organisations of a similar scale to Nuffield Health, the Committee also reviews available information from the health and wellbeing and the not-for-profit sectors, and then seeks to set total compensation in line with the market median, discounted to reflect charitable status.
We believe in and practice transparency, and therefore we publish executive remuneration details in our 2016 Annual Report.