Fat Cat Wednesday: FTSE 100 CEO's to earn HR Director's salary by Friday

Britain’s top bosses will have made more money than an HR Director earns in an entire year by the end of this week.

According to PayScale’s latest prediction, the average pay for a Human Resources Director is £66,668 per year - and FTSE100 CEO’s earn around fifty times that figure annually.

In 2015, the High Pay Centre calculated that median FTSE 100 CEO pay in 2015 was £3.973million based on the publicly disclosed “single figure” measure. When taking into account the long hours CEOs work, and the few holidays they take, they are paid the equivalent of over £1,000 an hour.

High Pay Centre Director, Stefan Stern, comments: “We hope the government will recognise that further reform to pay practices are needed if this gap is to be closed. That will be the main point in our submission to the business department in its current consultation over corporate governance reform.”