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| UK CEOs earn more in 34 hours than hourly workers paid per year |
The CEOs of Britain's biggest companies would earn more in compensation after 34 hours of pay than £ 31,461 () 31.4 lakh) on Wednesday. In 2020, it took the CEO 33 hours to beat the average annual salary. The think tank said the top CEO's salary is 120 times the salary of a UK-specific employee.
ThinkTank's calculation assumes a "highly demanding workload" for CEOs of 320 12-hour days in a year. This is equivalent to an hourly payment of £ 941 per hour.
It would take an employee for one hour a year at 212, at an absolute minimum wage rate of £ 8.72, which is what the average CEO earns in a year.
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