The gap between the stratospheric salaries that company
chief executives get paid and the median of employee wages has taken
centre stage in the United States as companies are, for the first time,
reporting the ratios that exist between the two extremes.
There are also increasing calls to make such disclosures mandatory in South Africa’s private sector, where salary inequality is rampant.
The first wave of company pay ratio disclosures mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act shows shocking, but perhaps expected, income inequalities between the top and bottom salaries paid by large corporates. The median is the middle salary in an organisation, meaning half of all employees earn more than the median and half less.
There are also increasing calls to make such disclosures mandatory in South Africa’s private sector, where salary inequality is rampant.
The first wave of company pay ratio disclosures mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act shows shocking, but perhaps expected, income inequalities between the top and bottom salaries paid by large corporates. The median is the middle salary in an organisation, meaning half of all employees earn more than the median and half less.
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