CBS: pay gap between company top and employees narrowed slightly

June 25, 2021 by No Comments

The difference in the income of the top thousand largest companies in the Netherlands and their employees has narrowed slightly in 2019 and 2020 compared to previous years. This is reported by the Central Bureau of Statistics (CBS) on Friday. The average gross annual salary of the five highest-earning executives per company last year and in 2019 was 5.9 times higher than the average full-time wages of ordinary employees at those same companies.

In the period between 2010 and 2017, the pay gap increased from 5.5 to 6.1. The average gross annual salary of the top earners surveyed – five thousand top people at a thousand companies – amounted to 259,000 euros in 2020. The companies concerned all had an average of 990 employees in 2020. In total, these companies accounted for 3.2 million jobs last year; 38 percent of all employee jobs in the Netherlands.

The difference between incomes was largest last year in the trade sector. There, the top earned on average 11.2 times as much as the other employees. The gap in financial services has been closed considerably in recent years: the difference between incomes has fallen from 15.7 in 2010 to 9.3 in 2020. The pay gap is smallest in health care (3.6) and education. (2.4).

Men are still in the majority in the list of top earners, according to CBS. However, more women have joined: in 2020 slightly more than a quarter of all top earners were women; in 2010, that percentage was still 17 percent. In 163 of the thousand largest companies, the majority of the people who make the most money are women. These are mainly healthcare companies. 313 of the companies, the top five high earners consist only of men. In 2010, this still applied to 474 companies.