A PwC report shows that executive pay is being focused on from all angles.
Large, listed companies continue to exercise restraint when considering the pay levels of their CEOs and executive committee members, according to the report.
We interviewed Gerald Seegers, PwC Head of Human Resource Services for Southern Africa.
“While the average levels of pay remain high relative to workers - and viewed as excessive by labour and the general public - increases in total guaranteed pay (TGP) have generally remained subdued and are below those granted to workers.”
Scroll down to listen to the interview.
Executives’ salary increases are in single digits. There’s more attention paid to junior worker pay. However, I’m not sure we’re seeing a narrowing of the gap. Until we deal with unemployment the gap will remain.— Gerald Seegers, PwC Head of Human Resource Services for Southern Africa