"As workforce well-being dips, leaders ask: What will it take to move the needle?
Empowering managers. Promoting accountability. Focusing on human outcomes. The Deloitte Well-being at Work survey sheds light on what leaders can do to make progress."
For this one, think of the private sector. Obviously the big ones: Google. Apple. Amazon. Starbucks. UPS. Any company with a Chief executive officer (CEO), or a Chief financial officer (CFO), or a Chief operating officer (COO), etc.
No surprise, things are not well for the employees in these organizations. Let’s start here: as reported by Reuters. Average weekly earnings for U.S. private sector employees was $1,132 in December, up 3.6% from a year earlier, according to the U.S. Bureau of Labor Statistics. The CEO's higher gains pushed the median "pay ratio" at companies led by the CEOs studied by Equilar to 288 times the pay of their median employee, up from 254 times in 2021.
But hey, who needs a fair distribution of wealth or any semblance of economic justice? Let's continue applauding the CEOs for their exceptional leadership and for single-handedly lifting the economy on their broad shoulders, while their workers struggle to catch a glimpse of that elusive American Dream.
