FTSE 100 CEOs to earn average HR Directors salary by end of the week

The monetary earnings of top executives will have surpassed the average salary of an HR Director by the end of the week, according to calculations by the High Pay Centre (HPC).

The average pay packet of a FTSE 100 CEO in 2014 was £4.96million. The HPC explained their workings on their website: “Even when making the very generous assumptions that FTSE 100 CEOs work 12 hours a day, including three out of every four weekends, and take fewer than ten days holiday per year, this still works out at about £1,260 per hour.”

According to payscale.com the average HR Director earns £65,174 annually. Taking the High Pay Centre’s calculations into account, FTSE 100 CEOs will earn the salary of an HR Director by the end of the week.

While it can be argued that an HR Director would not work a 60-hour week, to match the HPC’s calculations of a FTSE 100 CEO working 12 hours a day to earn £1,260 an hour we have assumed a CEO will be pulling such hours, meaning that the CEOs in question will have earnt the salary of an HR Director before the end of the week.