In the UK, pay for big employers is rising at twice the rate of inflation, a study suggests

Incomes for employers at Britain’s biggest companies have risen twice as fast as inflation this year, according to a study by PwC, prompting criticism amid a cost-of-living crisis. In an environment where inflation in the United Kingdom is over 10%, these amounts are “Very evenly distributed” Luke Hildyard, director of the High Pay Center think tank, told AFP on Tuesday.

The increase in earnings was mainly due to the increase in bonuses.”Reopening businesses and returning demand after the pandemicAndrew Page, executive compensation expert at PwC, says: PwC noted that the average income of employers in the FTSE 100, which includes the 100 largest valuations on the London Stock Exchange, rose from 3.2 million pounds to 3.9 million pounds (4.5 million euros, +22%) in the 2021-2022 financial year. in a press release Monday. During the pandemic, senior executives’ compensation has declined, either voluntarily or under pressure from investors, with cuts or freezes in salaries and bonuses. But according to several studies, it has rebounded strongly and returned to pre-pandemic levels. PwC notes that the proportion of these large employers affected by wage freezes has fallen from 43% in 2021 to 15% in 2022.

Question about salary next yearIt deserves close scrutiny from investors, especially in the context of inflation and wage increases across the workforceAndrew Page predicts. “Over the past decade, investors have started to get tougher on executive compensationAnd FTSE 100 companies rarely pay their chief executives more than one3 to 4 million poundsAnnually, the High Pay Center’s Mr. Adds Hildyard. But “That still pays (to employers) 100 times more than the average UK worker’s salary“, he insists. Strikes have been escalating in the UK for months. A strike by railway workers was suspended last week by one of the sector’s main unions after progress in negotiations.

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