This is not a stat that makes corporate jobs seem worthwhile
If you work in a corporate job and wonder why your team is disengaged or your employee retention is in the tank, this statistic might give you a clue:
CEO Pay Surged 35% At The Lowest-Paying S&P 500 Companies Between 2019 And 2024, Report Says
In the last five years, how many of us have not seen our base salary keep up with the cost of living? At some of these companies identified as the lowest-paying 100, the median pay has even dropped as they switch to more part-time work. (I guess they also save on health care benefits?)
Not CEOs, though:
The average CEO-to-worker pay ratio at the Low-Wage 100 companies widened by 12.9% percent over the study period, from 560 to 1 in 2019 to 632 to 1 in 2024.
It takes some cojones to talk about the company being a family when you make six hundred times the salary of the average worker. Don’t be surprised that workers aren’t loyal to you and the company. You’re not showing them any loyalty.
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