Overview
The High Pay Centre's first report on pay ratios was published in December 2020. For the first time the report analysed new pay ratio disclosures, it found:
- At 17% of FTSE 350 companies, at least a quarter of UK employees are paid below the annualised equivalent of the London Living Wage (£19,565).1 18% of companies pay lower quartile workers below £20,000 (on an FTE basis)
- Median pay ratio of FTSE 100 CEOs to lower quartile employees is 109:1. Across the FTSE 350, ratio sizes range from 2,820:1 to 13:1.
- Across industries, average CEO/median employee ratios range from 140:1 in retail to 35:1 in financial services