Pay ratios: Why firms will need to justify CEO pay

Pay ratios: Why firms will need to justify CEO pay

Business Secretary Greg Clark has announced that all large firms will be required to publish the pay gap between their Chief Executive and an average worker.

All firms with over 250 members of staff will need to explain the difference, which is known as the pay ratio.

To continue reading FREE content

To continue reading
FREE content

For news, offers & events, direct to your inbox, enter your details below


* By registering you agree that you have read and agree to our Terms and Conditions and that Executive Grapevine International Ltd and its partners may contact you regarding relevant content and products.

If you find yourself asked to register again, please make sure that your browser cookie is enabled.

We would like you to become part of HR Grapevine and join the most engaged online communities of HR Professionals in the UK. Thousands of HR Professionals just like you have already registered with HR Grapevine and we would like you to join in - its FREE!

However, an EU regulation coming our way means that to continue hearing from us, you will need to become a registered user. No matter the outcome of BREXIT, this regulation will apply to us while we remain in the UK and perhaps beyond.

Access across the HR Grapevine site will continue to be free of charge once you register.

Every reader we retain, is very important to us, and we would appreciate you taking the time to Register with us now.

Comments (1)

  • AgencyHR
    Wed, 13 Jun 2018 2:03pm BST
    And once again the government misses that employment agencies whose pay rates for those they take on under employment contracts to supply as temps (mostly manual and admin in our case) to their clients will be captured in legislation which is entirely inappropriate to them. Our temps pay rates are set by our clients (and AWR), not by us and that will always be the reason for what may be a hugely distorted difference. It creates additional work but won't reveal the true picture and thus has no benefit. The government frequently refers to the benefits of the flexible workforce but fails to recognise the realities of the organisations that play a major role in enabling that flexibility.