A crisis point has been reached in executive pay with workers demotivated by chief executives’ soaraway pay deals, according to the news agency .

Six in 10 employees told a survey that the high level of chief executive pay discouraged them in the workplace, and more than half of those surveyed felt that high level of pay was bad for a firm’s reputation.

The survey by the Chartered Institute of Personnel and Development (CIPD), which represents human resources professionals, found that 70% of employees felt chief executive pay was too high, but that proportion fell to 44% when asked about their own chief executive – due, in part, to ignorance about their own organisation.

The CIPD built on research by the High Pay Centre showing that chief executiveswere paid 183 timesmore than the average employee, compared with 47 times in 1998.

bbabo.Net