Report: Executive pay: review of FTSE 100 executive pay

A close examination of chief executive remuneration including salaries, bonuses, long-term incentive plans and benefits has been undertaken by the CIPD and the High Pay Centre. The report lists CEO pay data by mean and median, by industrial sector, by firm size and by gender.

Key findings

• The total income received by FTSE 100 CEOs in the financial year ending 2017 was £560.1 million.
• While last year the research showed that mean pay had dropped by 17 per cent from the previous year, this year the research showed a 23 per cent increase in mean FTSE 100 CEO pay, from £4.6 million in 2016 to £5.7 million in 2017.
• The research revealed that 68 FTSE 100 CEOs now earn more than 100 times the UK mean all-worker salary, a rise from 60 in 2016.
• Overall, FTSE 100 companies are close to meeting the 33 per cent target for women in senior leadership positions by 2020.
• Benefits represented two per cent of total pay, the smallest piece of the CEO reward pie. They include items such as car allowance or a private chauffeur-driven car, health insurance, life insurance, personal tax return preparation, spouse business-related travel, cost of living adjustment, exchange rate protection, tax gross-up arrangements, security assistance, housing and education allowances, telephone costs, private fuel allowance, financial advice, dental and vision cover, income protection and gym membership.

In addition to analysis of remuneration packages, the report also makes recommendations for stakeholders interested in creating a fairer and more ethical approach to employee reward.