LONDON, Nov 7 (Reuters) - Britain's pensions association haswritten to the chair of every FTSE 350 company, asking them togive investors more information about indicators such as staffturnover and numbers of full- and part-time employees, the tradebody said on Monday.
Fewer than half of FTSE 100 companies publish staffturnover in their annual reports, and only 11 per cent breakdown their staff by full-time, part-time or temporary workers,the Pensions and Lifetime Savings Association said.
"The management and engagement of the workforce can have amaterial effect on a company's performance over the long term,"the PLSA said in a statement, adding the letter was supported bypensions minister Richard Harrington, and fund firms NewtonInvestment Management and USS Investment Management.
British lawmakers are looking into executive pay andcorporate governance after Prime Minister Theresa May hasdenounced as irrational and unhealthy the yawning gap betweenthe amounts paid to bosses and those paid to the average worker.
Funds trade body the Investment Association last week askedFTSE 350 companies to disclose pay ratios between the CEO andthe median employee salary and to provide investors with greatercontext to understand the scale of pay and bonuses.
FTSE 100 firm Sports Direct's working practices havebeen criticised by politicians who compared conditions at thefirm's warehouse in central England to a Victorian workhouse.
(Reporting by Carolyn Cohn)
