Dear MEL Topic Readers,
It takes a CEO just days to earn your annual wage
How much is too much? Chief Executive Officers, or CEOs, usually are compensated well enough for the roles they play and the results they create. Their compensation also needs to be competitive within the industry. The same is true for other executives, managers and rank and file workers in order to make the company stay competitive and productive. Then, how much disparities in payment are there between the top and average workers?
In some countries like the US, UK, and India, CEOs earn average workers’ annual income in less than two days. In other words, the top bosses are paid over 200 times more than their employees. In the meantime, top executives in South Korea, Mexico, and Singapore need to work six days to earn the annual wages of their workers or earn 60 times more than their average workers.
Though comparing the compensations in different roles and jobs may make little sense, it also reflects the business dynamism and social disparities in wealth and status of the country.
Enjoy reading and learn the gap in annual compensation between the top and the bottom.
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