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 2023, this give a payment ratio of circa 6:1. This means the CEO is paid 587% of the median colleague (an electrician who is in receipt of a tool allowance and some standby and call out payments).
Research conducted by The Guardian in August 2022 suggested the average CEO ratio in the UK was 109:1[3].
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