CEOs of UK's most valuable companies earn 117 times more than the average worker - a survey by the Chartered Institute for Human Resources and Development and the High Pay Center shows.
The study analyzed public data to compare the salaries of company directors, located in the FTSE 100 index of the London Stock Exchange, with the earnings of average UK workers. The top 100 most profitable listed companies were considered. So their CEOs earn a British median earnings of £ 29,559 ($ 38,640) in just 3 business days.
The data also reads as follows: the average running one of these firms in the FTSE 100 index basket earned $ 3.46 million ($ 4.52 million) in 2018, equivalent to £ 901.30 per hour ($ 1,178 at hour), the Institute report says. By comparison, the median hourly rate for a full-time worker was £ 14.37 ($ 18.78).
Companies in Britain are under increasing pressure to provide transparency and provide explanations for executives' salaries, and we have recently reminded you of the increasing problems with universal credit, in this country, as well as the records of British work most employees sleep poorly, barely have lunch, and are almost constantly engaged in emails and business calls.
From 2020, companies with more than 250 employees listed on the stock market will be required to disclose the gap between the salaries of their CEOs and the average earnings of their employees. They will also have to justify the salaries of chief executives and report annually to the UK Government.