Because more equal societies work better for everyone

Business and Economy

Executive Pay - Has the Penny Finally Dropped?

Responding to today's publication of FTSE 100 CEO pay by the High Pay Centre, Dr. Wanda Wyporska, Executive Director of The Equality Trust, said:

"It seems the penny has finally dropped, and companies are at last beginning to row back on the absurd levels of pay given to CEOs.  This is positive, but we now need to see concerted efforts to raise wages at the other end, and to reduce the obvious gap in pay between male and female bosses.

Giving Workers Real Power Vital For More Equal Society

Commenting on today's publication of the Taylor Review into modern employment practices, Dr. Wanda Wyporska, Executive Director of The Equality Trust, said:

"Some 'gig economy' jobs are likely to help those on low incomes boost their pay, but others are little more than a way for employers to dodge their responsibilities. The creation of jobs is vital to reduce inequality, but the creation of low-skill, low productivity jobs is not the best long term plan for a more equal, successful society. 

Government and Business Must Do More On Social Mobility

The Equality Trust has responded to today's publication of the Social Mobility Index, which announced the top 50 UK employers taking the most action to improve social mobility in the workplace. Dr.Wanda Wyporska, Executive Director of The Equality Trust, said:

"It's encouraging to see some firms are taking the initiative on social mobility, but it's clear we need to go much further. Many professions like journalism, law and politics are still dominated by the rich. Where those from poorer backgrounds do squeeze in, they often face a pay gap with their wealthier colleagues. 

Pay Tracker: Comparing CEO pay in the FTSE 100 with average pay and low pay in the UK

Our brand new Pay Tracker report reveals that CEOs in the UK’s top 100 companies now pocket an average of £5.3m each year, or 386 times that of a worker earning the National Living Wage.

Over two thirds (67%) of FTSE 100 CEOs are paid more than 100 times the average UK salary. Ninety per cent of FTSE 100 CEOs are paid at least 100 times more than the National Living Wage.

Equality Trust analysis also found that FTSE 100 CEOs are now paid:

•    165 times more than a nurse.

•    140 times more than a teacher.

•    132 times more than a police officer.

UK’s Top Bosses Paid 386 Times The National Living Wage

CEOs in the UK’s top 100  companies now pocket an average of £5.3m* each year, or 386 times that of a worker earning the National Living Wage, according to new analysis by The Equality Trust.

Over two thirds (67%) of FTSE 100 CEOs are paid more than 100 times the average UK salary. Ninety per cent of FTSE 100 CEOs are paid at least 100 times more than the National Living Wage.

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