CEO ratio
The CEO ratio is calculated by comparing the CEO hourly rate to the whole company median hourly rate using the same reference data as the pay gap data. In 2024, this gave a payment ratio of circa 6:1. This means the CEO is paid 594% of the median colleague (a bricklayer or plasterer who is in receipt of a tool allowance and multiskilling allowance). This is a slight increase on 2023 where it was 587% and is a result in a change in the median colleague from an electrician with standby and call out who was on higher pay than the median colleague in 2024. Research conducted by The Guardian in August 2022 suggested the average CEO ratio in the UK was 109:1.
