January 31, 2023
Over the last four years, the average CEO compensation has increased to INR 8.4 crore
The sum of variable pay and Long-Term Incentives (LTI) for total compensation increased to 40% of the total compensation
The increasing salary trend among senior executives indicated the value that they bring to the organization
LTI, among the Bombay Stock Exchange’s (BSE) top 30 companies, is provided at 176% of fixed pay for CEOs
The average salary of senior executives and CEOs in India has increased by nearly 9.1% this year, according to a report from global professional services firm Aon.
According to the report, the average CEO compensation has increased by 21% to INR 8.4 crore over the last four years. Additionally, the sum of variable pay and long-term incentives (LTI) for total compensation increased to 40% of the total compensation, in comparison to 26% in FY16.
The report, which analysed data from across 519 companies from more than 25 industries, mentioned that the increasing salary trend among senior executives indicated the value that they bring to the organization and was a way of rewarding them.
Source:Mint