The average FTSE 100 boss will have already earned as much by 5pm today as a typical employee will take home this entire year. According to the analysis from the CIPD and the High Pay Centre, those leading Britain’s biggest companies earn 117 times more than the average worker. The CIPD and High Pay Centre are calling on businesses not to treat the new reporting requirements on executive pay as a ‘tick-box’ exercise and to use it as an opportunity to fully explain CEO pay levels. They also highlight the need for firms to provide a clear rationale for why CEOs are paid what they are and what is being done to address the issue of fair pay in their organisation more broadly. They consider this an important step to help build trust in business amongst employees, wider stakeholders and society. More →

A new study from tech recruiter CWJobs claims to identify what it calls the ‘staggering level’ of ageism that IT and tech workers face at work. From seemingly innocuous comments to being overlooked for promotion in favour of younger colleagues, a worrying number of the UK’s tech-sector employees are facing daily hurdles to prove they’re not yet a career ‘dinosaur’. Well over a third (41 percent) of IT and tech-sector workers said they have observed age discrimination in the workplace, compared to 27 percent average across other UK industries.  It’s no surprise then that 61 percent of workers in the sector answered ‘yes’ when asked if, in the tech industry employees experience prejudice when considered to be older, the highest of any UK sector. More →