There are often significant wage gaps between colleagues, and workers are increasingly fighting for pay transparency to increase equity in the workplace. But what about the wage gaps between employees and their boss?
In an effort to put wage ranges into perspective, a recent survey by career insight company Lensa has taken a deep dive into the salaries paid to the CEOs of 100 of the biggest companies in the U.S., as they compare to the average wage of an employee (including salaried, part-time and hourly workers).
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Coca-Cola had the biggest CEO wage gap, the survey found. The beverage company’s chief executive James Quincey earns an annual salary of $1.6 million a year, while the average employee is paid $11,342 a year — creating a supersized gap of 14.007%.
A disproportionate pay scale between a CEO and their average employee can be counterproductive, according to Lensa, and can unmotivate workers who might feel disgruntled or unfairly compensated . On the other hand, a smaller CEO pay gap tends to signal that a company values all of its employees and is willing to pay them for their work without overly inflating executives’ pay.
See where other household-name brands compare when it comes to compensation.
