Member

320: After Clause 150, insert the following new Clause— “Maximum pay ratio(1) A worker must be remunerated by their employer at a rate which is not less than one tenth of the remuneration made by the employer to the highest-paid employee.(2) The remuneration referred to in subsection (1) includes—(a) salary or hourly pay;(b) bonuses;(c) employer pension contributions;(d) shares, options, or other entitlements;(e) benefits in kind.(3) If a worker receives remuneration which is less than the entitlement referred to in subsection (1), the worker is taken to be entitled under their contract to be paid, as additional remuneration in respect of the period concerned, the difference between their entitlement and the remuneration actually received.”Member’s explanatory statement This amendment would implement a maximum ratio of 10:1 between the highest- and lowest-paid employees in an organisation.