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Post by SILENCED on Nov 17, 2021 13:01:52 GMT
If they achieve it, then why shouldn’t they be financially rewarded for success, especially if it pulls their compensation up to a competitive level so that TfL can retain them in the role. I’m more concerned that senior leaders will have lucrative bonuses intrinsically linked to making swingeing cuts to TfL operations. I don’t see evidence that the current leaders have the skillset to drive new revenue streams through development of land and mixed use commercial space. Fare increases are politically sensitive so will cap the amount that can be raised by this avenue. Overall I predict this move will send leaders into cost cutting mode, perhaps to an extent we haven’t seen so far. That is my worry as well if you have second and third rate staff, if you cut all bus services you are not losing any money. But something definitely needs to change ... Current system is not sustainable.
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Post by cl54 on Nov 17, 2021 17:14:09 GMT
Stories like this about 'fat cat' bosses getting big bonuses whilst everyone else is feeling the pinch make for good headlines although it's often standard business practice as you've alluded to, although opinions will vary about how good a job TfL bosses are currently doing. Anything less than a 10/12min frequency can't really be considered to be a 'turn up and go' service but if that's all that usage justifies........ Also intending passengers are making more use of tracking apps, so they have a better idea when they need to head out to the bus stop. If the tracking works! Waiting for a 386 (currently around 17 minutes between buses) in Woolwich a short while ago. LVF showed a bus in 6 minutes. Waited the 6 minutes and checked LVF and saw next bus in 14 minutes. No certainty that it would arrive. Didn't risk it. Took a 51 and walked the last half mile.
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Post by capitalomnibus on Nov 18, 2021 10:47:44 GMT
Stories like this about 'fat cat' bosses getting big bonuses whilst everyone else is feeling the pinch make for good headlines although it's often standard business practice as you've alluded to, although opinions will vary about how good a job TfL bosses are currently doing. Anything less than a 10/12min frequency can't really be considered to be a 'turn up and go' service but if that's all that usage justifies........ Also intending passengers are making more use of tracking apps, so they have a better idea when they need to head out to the bus stop. It can also go the other way. People would check the app to see if the bus is coming, if not they then use uber or drive. Before using an app, they would have just gone to the stop.
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Post by capitalomnibus on Nov 18, 2021 11:07:57 GMT
If they achieve it, then why shouldn’t they be financially rewarded for success, especially if it pulls their compensation up to a competitive level so that TfL can retain them in the role. I’m more concerned that senior leaders will have lucrative bonuses intrinsically linked to making swingeing cuts to TfL operations. I don’t see evidence that the current leaders have the skillset to drive new revenue streams through development of land and mixed use commercial space. Fare increases are politically sensitive so will cap the amount that can be raised by this avenue. Overall I predict this move will send leaders into cost cutting mode, perhaps to an extent we haven’t seen so far. Well they sold of a lot of land for housing, which is short term funding. Under Khan a lot of station car parks were shut to make way for housing. Now that revenue from the parking is quashed, unless they are still the land owners of the housing that has been developed on these car parks. If they have not done that, it was a stupid decision imo.
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