Andrea Leadsom

head of the leading British companies will be Paid more, within three Working Days of the Year 2020 as the average of the annual compensation, according to the research.

FTSE 100 Board members to start working on the 2. January is at 17:00 GMT on Monday have earned above the average wage of £29,559, according to The Report .

The Data were compiled by the Chartered Institute of Personnel and development and The High Pay centre-a think-tank.

the Business Secretary, Andrea Leadsom , said the pay gap was "what".

The figures are Based on the latest available Data , the average FTSE is-100 boss was Paid £3. 46m in the Year 2018, the equivalent of £901. 30 an hour.

The average full-time annual salary of £29,559 Works out at £14. 37 an hour, according to The Report , which means that the top executives earned approximately 117 times the average worker.

The Report said The High numbers a Central issue in 2020, this is The First Year that the exchange needs to put in the open stock exchange-traded company with More Than 250 UK employees, to pay, the relationship between the chief executive and that of their average worker, and agree to, the reasons for the executive relations.

The CIPD and The High Pay centre, called on businesses not to treat the new reporting requirements as a "tick-box" exercise, and use it as an opportunity to fully explain the chief executive's salary.

Peter cheese, chief executive at the CIPD, said: "This is the compensation for The First Year , where the company truly accountable to the Board of Directors. Pay-ratio reporting increased control over the pay and reward practices, But in the reporting of the numbers is only the beginning.

"We need companies to strengthen and to justify very high pay for top executives, especially in terms of how the rest of the employees will be rewarded. "

Luke Hildyard, Director of The High Pay Centre, said to be Paid : "CEOs, is extremely high in comparison to the larger number of employees, the help that the United Kingdom is one of The Most unequal countries in Europe. "

Ms Leadsom accepted that the figures were a concern, But said changes to The Rules for reporting executive pay sheds light on the Problem.

She Said : "Today's figures are eye-watering for the vast majority of hard-working people across the UK.

"The numbers are better than they were - down a quarter since 2012, and 13% on average since last Year - But The Situation is still, especially in those cases in which executives are rewarded despite the failure of employees and customers. "

But Ms Leadsom added that changes to the way you would pay a company report on "increasing the transparency of how the Directors meet their responsibilities".

TUC General Secretary Frances O'grady said The Report "tells you all about how unjust our economy is".

Source of news: bbc.com