Revealed: the pay gap at Britain’s top firms

Left Foot Forward looks at the pay gap between best paid and worst paid at some of Britain's best known firms.

It emerged today that Barclays boss Antony Jenkins was paid more than 80 times the bank’s lowest paid workers.

The starting salary at the bank is just £13,500 a year, making some workers eligible for tax credits.

Jenkins, however, was paid a basic salary of £1.1 million, plus a share award of up to £4.4m and a pension contribution of £363,000.

To add insult to injury, the bank today announced that it would be making 3,700 job cuts.

With a High Pay Centre report out tomorrow on executive pay rates, Left Foot Forward has looked at the pay gap between those at the top and those at the bottom of some of Britain’s best known firms.

Virgin Rail Group

Number of employees: 3,048 Profit per employer: £33,713

Vodafone

Number of employees: 84,990 Profit per employee: £102,059

vodafone

Tesco

Number of employees: 372,338 Profit per employee: £8,529.88

tesco

Is it credible to assert that the chief executive of Tesco (to pick one of the three at random) is 384 times more industrious than the average Tesco employee?

No, we didn’t think so.

 

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