analysed by Just Share<\/a>, a non-profit shareholder activism organisation. Their research shows that CEOs in the sector earn on average 597 times more than their lowest-paid employees. It takes about 630 days for the average worker to earn what a CEO makes in a day.<\/p>\n\n\n\nThe wholesale and retail sector is South Africa\u2019s second-largest employer after government. More than 346,000 people are employed by the nine companies in the survey, which have a total reported revenue of R721.4-billion.<\/p>\n\n\n\n
Woolworths and Shoprite are the only two companies to make their minimum wage public. For the other companies, the salaries of the lowest-paid workers were based on 2023 or 2024\u2019s minimum wage.<\/p>\n\n\n\n
Note: CEO remuneration includes incentives and other benefits.<\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[709,1387],"tags":[1158,90,1161,1129,92,1163,1159,1162,1160,97,1164,99,100,101],"newsletter-post":[],"site":[],"class_list":["post-89319","post","type-post","status-publish","format-standard","hentry","category-business","category-the-outlier","tag-ceos","tag-checkers","tag-clicks","tag-dis-chem","tag-economy","tag-just-share","tag-pay-gap","tag-picknpay","tag-retail-and-wholesale-sector","tag-retailers","tag-shareholder-activism","tag-shoprite","tag-spar","tag-woolworths"],"acf":{"big_number":"","big_number_caption":"","big_number_link":"","big_number_background":"","big_number_text_colour":"#000000","big_number_icon":false,"big_number_wide":"yes","featured_chart":{"ID":89318,"id":89318,"title":"Retail-Salaries-Sep2024","filename":"Retail-Salaries-Sep2024.png","filesize":51759,"url":"https:\/\/outliereditor.co.za\/wp-content\/uploads\/2024\/09\/Retail-Salaries-Sep2024.png","link":"https:\/\/outliereditor.co.za\/index.php\/2024\/09\/13\/mind-the-gap-woolies-tops-ceo-to-worker-earnings-ratio-in-retail-analysis\/retail-salaries-sep2024\/","alt":"","author":"7","description":"","caption":"To earn what the CEO of Woolworths earns in a single day, the lowest-paid worker in the company has to work for 1,308 days, or three-and-a-half years.\nThis is the highest pay gap of nine JSE-listed wholesale and retail companies analysed by Just Share, a non-profit shareholder activism organisation. Their research shows that CEOs in the sector earn on average 597 times more than their lowest-paid employees. It takes about 630 days for the average worker to earn what a CEO makes in a day.\nThe wholesale and retail sector is SA\u2019s second-largest employer after government. More than 346,000 people are employed by the nine companies in the survey, which have a total reported revenue of R721.4-billion.\nWoolworths and Shoprite are the only two companies to make their minimum wage public. For the other companies, the salaries of the lowest-paid workers were based on 2023 or 2024\u2019s minimum wage.\nNote: CEO remuneration includes incentives and other benefits.","name":"retail-salaries-sep2024","status":"inherit","uploaded_to":89319,"date":"2024-09-13 06:32:00","modified":"2024-09-13 07:34:50","menu_order":0,"mime_type":"image\/png","type":"image","subtype":"png","icon":"https:\/\/outliereditor.co.za\/wp-includes\/images\/media\/default.png","width":1081,"height":1080,"sizes":{"thumbnail":"https:\/\/outliereditor.co.za\/wp-content\/uploads\/2024\/09\/Retail-Salaries-Sep2024-150x150.png","thumbnail-width":150,"thumbnail-height":150,"medium":"https:\/\/outliereditor.co.za\/wp-content\/uploads\/2024\/09\/Retail-Salaries-Sep2024-300x300.png","medium-width":300,"medium-height":300,"medium_large":"https:\/\/outliereditor.co.za\/wp-content\/uploads\/2024\/09\/Retail-Salaries-Sep2024-768x767.png","medium_large-width":768,"medium_large-height":767,"large":"https:\/\/outliereditor.co.za\/wp-content\/uploads\/2024\/09\/Retail-Salaries-Sep2024-1024x1024.png","large-width":1024,"large-height":1024,"1536x1536":"https:\/\/outliereditor.co.za\/wp-content\/uploads\/2024\/09\/Retail-Salaries-Sep2024.png","1536x1536-width":1081,"1536x1536-height":1080,"2048x2048":"https:\/\/outliereditor.co.za\/wp-content\/uploads\/2024\/09\/Retail-Salaries-Sep2024.png","2048x2048-width":1081,"2048x2048-height":1080}},"flourish_chart_id":"","flourish_sub_title":"","flourish_chart_width":"medium","is_newsletter_post":"No","post_style":"owic","show_on_front":"Yes","link_through":"Yes","chart_url":"","background_colour":"#0089AA","text_colour":"#FFFFFF"},"_links":{"self":[{"href":"https:\/\/outliereditor.co.za\/index.php\/wp-json\/wp\/v2\/posts\/89319","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/outliereditor.co.za\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/outliereditor.co.za\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/outliereditor.co.za\/index.php\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/outliereditor.co.za\/index.php\/wp-json\/wp\/v2\/comments?post=89319"}],"version-history":[{"count":4,"href":"https:\/\/outliereditor.co.za\/index.php\/wp-json\/wp\/v2\/posts\/89319\/revisions"}],"predecessor-version":[{"id":89323,"href":"https:\/\/outliereditor.co.za\/index.php\/wp-json\/wp\/v2\/posts\/89319\/revisions\/89323"}],"wp:attachment":[{"href":"https:\/\/outliereditor.co.za\/index.php\/wp-json\/wp\/v2\/media?parent=89319"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/outliereditor.co.za\/index.php\/wp-json\/wp\/v2\/categories?post=89319"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/outliereditor.co.za\/index.php\/wp-json\/wp\/v2\/tags?post=89319"},{"taxonomy":"newsletter-post","embeddable":true,"href":"https:\/\/outliereditor.co.za\/index.php\/wp-json\/wp\/v2\/newsletter-post?post=89319"},{"taxonomy":"site","embeddable":true,"href":"https:\/\/outliereditor.co.za\/index.php\/wp-json\/wp\/v2\/site?post=89319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}