Launched in November 2017, the Government Commercial Organisation (GCO) is a body within the Government Commercial Function - a cross-governmental network of over 4,000 commercially-focused civil servants - which employs and oversees senior commercial professionals (Grade 7 and above). The GCO was established with the remit to bring together the best commercial talent across government, creating a unified talent strategy, including centralising commercial accreditation, development and a network for sharing best practice.
The Remuneration Committee for the GCO oversees all aspects of remuneration for GCO staff, including:
- Setting the strategic direction for remuneration & reward for senior commercial staff, ensuring that the GCO's reward structure continues to be competitive, in order to attract, retain and motivate employees within the constraints and parameters set by HM Treasury and the Civil Service Board
- Approving recommendations in regards to annual and Performance Related Pay
- Agreeing and approving the Performance Related Pay rules for all GCO employees and ensuring that Performance Related Payments are reasonable
- Ensuring GCO pensions are being administered correctly, reviewing reports provided by the pension provider to ensure that the pension funds are being invested and managed appropriately as guided by the Cabinet Office Audit & Risk Committee (COARC)
Members of the Remuneration Committee include: two Non-Executive members (including the Chair), the Government Chief Commercial Officer, and two independent members comprising a senior Cabinet Office HR representative and a HM Treasury representative.