The salary caps for Commonwealth Secretariat (CSL) employees have been slashed by 20%, from $11 million to $9 million per annum. This is a significant reduction in the amount of money that the Commonwealth Secretariat has available to spend on salaries and benefits.
This decision was made by the Secretary-General of the Commonwealth, Sir Patrick Cormack, who stated that the reduction in salary caps was necessary due to the financial challenges faced by the organization. The Commonwealth Secretariat, which is responsible for promoting peace, stability, development and human rights across the Commonwealth, faces ongoing budgetary constraints as it continues to expand its operations and respond to the needs of member states.
The reduction in salary caps will affect all Commonwealth Secretariat employees, including those working in areas such as finance, administration, communications, and research. It is hoped that this move will help the Commonwealth Secretariat to manage its finances more effectively and ensure that resources are allocated to where they are needed most.
Overall, the reduction in salary caps is a difficult decision, but one that is necessary in order to ensure the sustainability and effectiveness of the Commonwealth Secretariat's work.