Companies The major difference in salary of CEO and general employees has now reached a worrying level. Global CEO’s average salary has actually increased by 50 percent after 2019 while the increase in the average salary of employees is only 0.9 percent. This claimed in a study report by Oxfam. The annual salary of the CEOs of companies in India has also reached $ 2 million on an average. This study suggests that the salary gap between CEO and common employees has increased to the shocking level. The reality is that the billionaires are earning more than the income of an average employee in an hour.
CEO average salary in India reaches $ 2 million
According to the report, “The CEO salary has increased by $ 29 lakh to 50 percent in 2019. This increase is much higher than the actual increase of 0.9 percent in the same period in the salary of an average employee.” The study also analyzes the CEO’s salary in different countries, with Ireland and Germany on average with average $ 67 million and $ 47 million respectively. The average salary of the CEOs of companies in India has reached $ 2 million in 2024.
Common employees are struggling for living
Expressing deep concern over this pay inequality, Amitabh Behar, Executive Director, Oxfam International, said, “This is not a systemic disturbance, but a system created for continuous flow of money, while millions of working people are struggling for living.” This pay inequality is increasing at a time when the cost of living is increasing rapidly and the salary of the workers is failing to coordinate with inflation.
Minor reduction in salary difference between women and women
According to the International Labor Organization (ILO), there has been a slight increase of 2.7 percent in the actual salary in 2024, but in many countries the salary of workers has been stable. The study also highlighted the difference in the salary of female-men. Although there has been a slight decrease in salary difference between women and men at the global level, it is still worryingly high. According to the analysis, during 2022 and 2023, the average salary difference between women and men declined from 27 percent to 22 percent.
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