Search
 

CEOs make more than employees... a lot more

A survey conducted by Equilar finds that the largest pay gap exists in the retail sector, where the median employee only makes $13,000 a year, 669 times less than the typical retail CEO,

By Jack Craver | Updated on February 06, 2018
Companies worth less than $700 million had an average pay ratio of 45-to-1, while those worth more than $25 billion had pay ratios of 250-to-1. (Photo: Shutterstock)

A survey of 350 companies sheds light on the pay gap between executives and rank-and-file workers in different industries.

The survey, conducted by Equilar, a firm that specializes in compensation, finds that the largest gap exists in the retail sector, where the median employee only makes $13,000 a year, 669 times less than the typical retail CEO, who makes $8.7 million a year. Granted, much of that disparity is due not just to low wages in the retail sector but its large number of part-time workers.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Jack Craver

Recommended Stories

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2024 ALM Global, LLC. All Rights Reserved.