The State of Pay: One year on from The High Pay Commission
Download the latest High Pay Centre report 'The State of Pay: One year on from The High Pay Commission'
In the past year business behaviour has been under scrutiny as never before. Large-scale corporate scandals such as interest-rate rigging at Barclays, money laundering at HSBC and the latest alleged manipulation in the energy markets as well as some excessive pay awards, have undermined trust in business.
A year ago, the High Pay Commission called for companies to simplify their top pay packages. In this report we ask, what has changed? What developments have been seen over the past year and what still needs to be achieved.
Download the full report below.
For comparisons with the final report of The High Pay Commission 'Cheques with Balances: Why tackling high pay is in the national interest', please click here.
Since 1 January 2020 the average FTSE 100 CEO has earned:
Income inequality in the UK
Wealth inequality in the UK
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The pandemic is highlighting the deep flaws in the UK’s corporate governance system. Will this prompt listed companies to rethink their priorities? - A blog by Rachel Kay, a researcher at the High Pay Centre
- Executive Compensation: Covid-19—A “New Normal” Or Back To The “Old Normal” by 2022?
A guest blog from Iain Stark, international HR leader and reward expert, on the future of executive pay post COVID19.
- Re-thinking reward: interim High Pay Centre analysis of new pay ratio reports
Our analysis of the first 'pay ratio' reports finds some limitations to the disclosures, but also identifies the potential to raise pay for low earners through redistribution from those at the top