Everyone knows the big boss takes home a heavier pay packet, but exactly how much heavier can sometimes be hard to grasp.
A new tool lets you compare your own salary to that of some of the CEOs currently facing industrial action over low pay. Simply pop in your salary to find out how much more than you they really earn.
The pay of some of the UK’s top CEO’s has been thrown into the spotlight as many companies report record-breaking profits, despite increasing prices for customers and refusing to boost pay in line with soaring inflation.
Jobs board Breakroom, which analysed pay data from 2021, found that while the average frontline worker at Royal Mail earned £11.75 per hour in 2021, company CEO Simon Thompson earned 26 times more, taking home a £596,000 salary. And while CEO of BT Group Philip Jansen earned £2.63million, his frontline workers were paid 113 times less, taking home on average £11.90 per hour.
On average, it takes a UK CEO just four days to earn the salary of their frontline workers, Breakroom found.
With leading CEOs earning anywhere between 12 and 14,000 times their own workers’ pay, unions have called for pay ratio policies that would limit how much more a company CEO can earn compared to their employees.