Media CEOs saw the largest disparity between their workers, with the top dogs earning around £17.8m on average compared to an employee’s salary of £31,197. This means it only takes 0.6 days for an entertainment CEO to earn an employees entire salary.
With the growing demand for construction workers, the ratio between industry CEOs and workers was 272:1. With CEOs earning around £7.9m compared to a construction employee average wage of £28,940, meaning it would only take a CEO 1.3 days to earn.
Interestingly, technology CEOs had the smallest disparity between their wages with a ratio of 52:1, despite growing at a faster rate than several of the world’s economies. On average, a tech CEO earns around £2.3m, taking just a week to earn an employees entire salary of £42,916.
The bigger the business the bigger the paycheck
Naturally, as a business increases in size, both profits and employees may see an increase, but this isn’t always the case. Depending on the size of your business your salary can be affected, we had a look at some of the industries in detail.
Pharmaceuticals and healthcare, employees in this industry are more likely to see a larger salary if they are in a medium-sized business (10 to 49 employees), with the average salary being around £51,500. This is more than a large-sized business (50 to 199 employees) which has an average salary of £47,435.
Technology, in a digital world, not only are the number of tech businesses growing but their paychecks are too. In a small business, employees earn around £40,000 on average, with medium-sized businesses salaries earning slightly less at £38,698. You can earn up to £10,000 more if you work in a larger-sized business, with an average salary of £50,050.
Real Estate, if you’re into the property market, the bigger businesses are your best bet. With smaller sized business employees earning £26,795 on average, this increases by just over £4,000 in a medium-sized business and in a larger company, you can earn up to £41,435.
Travel & Leisure, workers in this industry are the least likely to see their salary increase by much if they move between bigger and smaller businesses. The average employee in a small-sized business (one to nine employees) earned around £25,127, with medium-sized businesses earning less at £24,108 and larger businesses earning only £800 more than a smaller sized one.
Aerospace & Defence, this industry saw the largest nosedive when it came to salaries when the scale of business was increased. On average, small-sized businesses employees earned £31,945 and medium-sized businesses employees earned £39,349, however, this dropped to £31,721 for larger businesses.
The CEO pay gap around the world
The research revealed that the average American CEO earns around £12.7m compared to the average American employee who just earns around £35,904, the largest disparity between all countries analysed.
Switzerland’s CEO had the second highest average earnings at £4.7m, with the average worker earning around £36,928, a difference of £5,428,356.
The United Kingdom’s average salary is £25,929, whilst the British CEO’s average salary is around £2.2m. Eight of the countries in the top ten with the highest paid CEO’s were European:
|Country||Average Salary of CEO||Average Workers Salary||Difference|