Universities Minister Jo Johnson says that extreme pay for college bosses can be introduced “beneath management” by new laws, which he advised the BBC would seem within the new 12 months.
Mr Johnson stated he was “completely satisfied” a brand new regulator, the Workplace for College students, will deal with pay considerations.
The minister promised “better restraint… in setting high salaries”.
It comes after protests over the previous head of Tub Spa College receiving greater than £800,000 in her remaining 12 months.
‘Has there been an issue? Most undoubtedly’
Mr Johnson’s feedback observe a sequence of protests over vice-chancellors’ pay in current weeks – together with on the College of Tub, the College of Southampton and this week at Tub Spa.
“Has there been an issue? Most undoubtedly,” stated Mr Johnson. However he stated universities now recognised the necessity to reply public considerations about worth for cash.
“I feel they are surely beginning to get it,” stated the colleges minister, who stated “new regulatory framework” could be revealed by the federal government within the new 12 months.
Mr Johnson stated the Workplace for College students would require universities to make sure their “governance is match for objective”.
Universities are autonomous establishments, however the minister stated there wanted to be an understanding of the “notion of worth for cash” from the general public.
Within the new 12 months, this might imply guidelines requiring a lot clearer proof of the independence of committees deciding vice-chancellors’ pay.
Universities will even have to elucidate the pay hole between high earners and the remainder of their workers.
“When college students are paying for their very own tuition charges, there’s a better expectation of better accountability to college students, but in addition to the taxpayer, who’s underwriting the scholar mortgage ebook,” stated Mr Johnson.
“Worth for cash is on the coronary heart of why we arrange the Workplace for College students,” he stated.
However he stated he was “involved that the proportion of scholars in England who really feel they aren’t getting worth for cash is larger than those that really feel they’re getting good worth for cash”.
The schools minister stated that particulars of the “main evaluation” of tuition charges and college funding – promised by Prime Minister Theresa Could – would additionally seem within the “coming weeks”.
However Mr Johnson has defended the construction of the present system as making certain that extra deprived college students can go into larger schooling and that universities are higher funded.
Within the dispute over pay at Tub Spa College, there have been calls by the UCU lecturers’ union for an “pressing overhaul” of senior college pay.
Accounts for Tub Spa College present Prof Christina Slade was paid £429,000 “for lack of workplace” on high of her £250,000 wage and different advantages.
A spokeswoman for Tub Spa stated the sum represented “worth for cash”.