50 years for average worker to earn half of top Irish company bosses yearly income

50 years for average worker to earn half of top Irish company bosses yearly income

It would take the average worker 50 years to earn what half of the bosses at top Irish companies take home each year.

Some workers would need 212 years to earn what their boss earns in a year.

That is according to the Irish Congress of Trade Unions' latest report on CEO's pay.

Bosses at 22 of the 26 companies which were examined earned close to or above one million euro in pay and benefits last year.

ICTU's Laura Bambrick said a recent survey has outlined what workers feel would be a fair salary for their boss.

She said: "A recent survey by Harvard, that asked over 55,000 people in 40 countries what they saw as a fair ratio between the top and the rest of the workforce, and they came down with a ratio of 1:7."

More on this topic

Knowing more about where our taxes go would help balance the arguments around future hikesKnowing more about where our taxes go would help balance the arguments around future hikes

Brian Keegan: Jobs growth has been uneven across country since downturnBrian Keegan: Jobs growth has been uneven across country since downturn

Unemployment at 12-year low - Don’t take jobs success for grantedUnemployment at 12-year low - Don’t take jobs success for granted

Business Minister Humphreys defends jobs policy across regionsBusiness Minister Humphreys defends jobs policy across regions


More in this Section

554 people, including four children, on hospital trolleys today554 people, including four children, on hospital trolleys today

Senator 'unequivocally apologised' for describing Taoiseach as 'autistic'Senator 'unequivocally apologised' for describing Taoiseach as 'autistic'

Man, 20s, arrested in Limerick in connection with 12 incidentsMan, 20s, arrested in Limerick in connection with 12 incidents

Senator apologises 'unequivocally' for describing Taoiseach as 'autistic'Senator apologises 'unequivocally' for describing Taoiseach as 'autistic'


Lifestyle

Kya deLongchamps explores the essentials you should know before considering an extension to your home.Planning an extension? What to consider before knocking down walls

More From The Irish Examiner