Executive-worker pay ratios in latest BHP Billiton accounts

BHP Billiton's latest remuneration committee report gives the pay ratios for its top executives and median staff in each of the five regions it operates worldwide, illustrating some wide variations. The regional ratios are:

  • Asia 32:1
  • Australia 55:1
  • Europe 4:1
  • North America 30:1
  • South America 133:1

Such differences indicate how these figures involve greater complexity than one might imagine – with factors such as the type of staff and others variables playing as important a role in determining ratio values as the executive's pay level.

For a fuller explanation of these points as well as the latest FTSE 350 and SmallCap ratio figures please read our recent journal article [PDF] on the subject: www.e-reward.co.uk/uploads/editor/files/TR4autumn2016.pdf