High Pay Centre: CEO pay survey
16 September 2022
The High Pay Centre, along with the Trades Union Congress (TUC), conducts research in CEO pay each year. The report produces looks at CEO pay, predominantly in FTSE 100 companies, and compares to previous years.
The UK CEO pay report 2021 finds that median pay for FTSE 100 CEOs has risen by 39% from 2020.
Here are some other key findings from within the report:
- the median FTSE 100 CEO pay of £3.41 million is 109 times the median earnings of a UK full-time worker in 2021
- the highest paid FTSE 100 CEO received a total of £16.85 million
- 90% of FTSE 100 companies paid their CEO a bonus in 2021, compared to just 64% in 2020 and 89% in 2019
- there were nine female FTSE 100 CEOs in 2021, up from seven in 2020
- the median FTSE 250 CEO was paid £1.72 million in 2021, a 38% increase on the 2020 figure of £1.25 million
- the median FTSE 250 CEO is paid 55 times the median UK worker. This is a significant increase from 40:1 in 2020.
It is clear from the results that CEO pay is returning to pre-pandemic levels. The High Pay Centre suggested that boosting the incomes of lower paid employees should be prioritised over CEO pay and bonuses.
In the results of a survey published in May, 62% of respondents think that CEOs should be paid no more than ten times that of a typical employee. Excessive top level pay is also given as one of the biggest factors of eroding trust in businesses.
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