CEO Compensation Exceeds Pre-Covid Level, Average Salary Crosses Rs 10 Crore: Survey

ceo compensation exceeds pre-covid level, average salary crosses rs 10 crore: survey
© Provided by News18 CEO Compensation Exceeds Pre-Covid Level, Average Salary Crosses Rs 10 Crore: Survey

The CEO compensation has now exceeded the pre-pandemic levels and this is the first survey where the average CEO total compensation has crossed the Rs 10-crore mark, according to the 2022 Deloitte India Executive Remuneration Survey. It added that the median CEO total compensation is Rs 7.4 crore.

“CXO compensation has also seen a bounce-back from the 2021 levels. COO (chief operating officer), CFO (chief financial officer) and business unit head continue to be amongst the top paid CXO roles. Across most roles, size of the company had a greater influence on the pay levels as compared to sector in which the company operates,” the Survey report said.

The study covered findings across over 470 companies in India on quantum and structure of executive compensation. The study uses the consistent definition of pay and approach to value long-term incentives like stock options. This makes the quantum across various participants comparable.

The increase in pay levels is accompanied by a strong performance linkage 51 per cent of pay for CEO is “at risk” or variable. The realised earnings from this component could drop to zero in case of poor share price and/or fundamental company performance.

“Forty-one per cent of pay for CXOs is “at risk”, 25 per cent of pay for CEOs was in the form of long-term incentives (e.g. ESOPs). For CXOs, long-term incentives accounted for 20 per cent of pay. For companies with a long-term incentive plan, 91 per cent had a vesting period of three or more years,” according to the survey.

The average compensation of CXOs is more than Rs 3 crore with almost 40 per cent of total pay being at risk. CEO to CXO compensation ratios vary between 2.4 for COO to 4.9 for the chief legal officer. Other than COOs, CFOs and business heads are the highest-paid CXOs, according to the survey report.

In spite of an increasing share of pay in the form of long-term incentives, executive talent continues to be highly mobile within and across sectors: two out of five companies analysed had at least one CEO change since 2016. One out of three new CEOs in this period were externally hired. Out of every three externally hired CEOs, two were at a CXO level role in the previous company.

For the CEO, 84 per cent of STI is dependent on company performance. The corresponding number is about 50 per cent at the CXO level. Almost 80 per cent companies prefer a target-based approach for determining STI. “We find that, 60 per cent companies use long-term incentives. ESOPs continue to be the most prevalent type of LTI instrument used,” the report added.

The survey report said, “The last few years have been relatively volatile and therefore unpredictable due to multiple ‘one off’ events both in India as well as globally. As the negative economic impact of COVID 19 subsided over time, the focus has largely shifted from cost optimisation alone to also talent retention. As a consequence, CEO compensation has now exceeded pre-pandemic levels (among other consequences).”

News Related

OTHER NEWS

Spotify's upcoming Community feature to let users see what friends are listening in real-time

© Provided by Zee News New Delhi: Music streaming platform Spotify has confirmed that it is developing a new feature called Community that would allow mobile users to see what ... Read more »

Samajwadi Party bastions Azamgarh and Rampur, Akhilesh Yadav left with three MPs

© Provided by The Print Lucknow: The Bharatiya Janata Party (BJP) Sunday stormed the Samajwadi Party’s citadels Rampur and Azamgarh courtesy infighting within the opposition party as well as the ... Read more »

Indore: JEE Mains exam; technical glitches leave aspirants fuming

© Provided by Free Press Journal Indore (Madhya Pradesh): Technical glitches during the Joint Entrance Examination (JEE) Main 2022 on Sunday left the aspirant fuming. Almost all the centres in ... Read more »

Best H4 Blixen Weapon Loadout Warzone Season 4

© Provided by DBLTAP This best H4 Blixen weapon loadout guide for Call of Duty: Warzone Season 4 is here for those who want to make sure they’re using the fully optimized ... Read more »

One nation, two simultaneous teams is the future of cricket

© Moneycontrol One nation, two simultaneous teams is the future of cricket India completed a T20I series, against South Africa at home, on June 19. They will begin another, in ... Read more »

Why, despite a good law, abortions are not easy in India

© Provided by The Times of India The story was first published on May 21, 2021 One night, Jasmine, who runs a chatline focused on sexual and reproductive health, found ... Read more »

Long Covid in children akin to adults, but no reason to worry: Experts

© Provided by The Financial Express Noting that long Covid manifests itself in children similar to adults, experts on Sunday said there is no need to panic but stressed on ... Read more »

1st T20: Pacer Umran Malik set to make India debut against Ireland

© Provided by Free Press Journal India pacer Umran Malik Sunrisers Hyderabad pacer Umran Malik will finally make his India debut when he takes the field in the first T20I ... Read more »

‘Biggest wastes of talent’ Nick Kyrgios fancies his chances at Wimbledon

© Provided by The Times of India Nick Kyrgios is singing a different tune. The mercurial and temperamental Aussie is fancying his chances of winning a Grand Slam. “Hopefully one ... Read more »

IRE vs IND 1st T20I LIVE score: Umran Malik to set to make his India debut

20:23:13 IST Umran Malik has got his India cap from senior pace bowler Bhuvneshwar Kumar. 20:16:41 IST Umran Malik had a phenomenal 2022 IPL for Sunrisers Hyderabad. The young pace sensation ... Read more »

EXCLUSIVE: Akshay Kumar to perform with female cops at Umang 2022

© Provided by Pinkvilla Akshay Kumar is one of the most loved actors in Bollywood. He enjoys a massive fan following and fans love to see him on the silver ... Read more »

Mumbai slum dweller, Lalu's namesake, Delhi professor amongst presidential hopefuls

© Provided by Free Press Journal A slum dweller from Mumbai, a namesake of RJD founder Lalu Prasad Yadav, a social activist from Tamil Nadu and a professor from Delhi ... Read more »

The Emergency: Unforgotten Spot in Indian History Since 1975

© Provided by The Statesman The Emergency: Unforgotten Spot in Indian History Since 1975 Forty-seven years ago on 25 June 1975, independent India woke up to a broadcast that jolted ... Read more »

Lucknow NCB conducts cycle rally to spread awareness against drugs

© Provided by Hindustan Times Lucknow NCB conducts cycle rally to spread awareness against drugs (ht photo) Narcotics Control Bureau (NCB), Lucknow Zonal Unit on Sunday organised a mega cycle ... Read more »

'Agnipath scheme is against future jawans': Meghalaya Governor Satya Pal Malik

© Provided by DNA Meghalaya Governor Satya Pal Malik Sunday slammed the ‘Agnipath’ scheme as a “fraud” with the hopes of future jawans and said those retiring without a pension ... Read more »

Provide adequate central security force to protect rebel MLAs: Maharashtra Governor to Centre

© Provided by Zee News Maharashtra Governor Bhagat Singh Koshyari on Sunday urged the Centre to make adequate provision for Central Security Forces to be readily deployed in case the ... Read more »

Hina Khan looks snazzy in a trendy ensemble of a backless purple outfit; PICS

© Provided by Pinkvilla Hina Khan is one of the most stylish and leading actresses in the entertainment industry. It has been more than a decade that Hina is at ... Read more »

J&K IPS officer resigns, says he wants to join politics

© Provided by The Indian Express Senior IPS officer Basant Kumar Rath on Sunday announced his resignation on social media, saying he wished to join electoral politics in Jammu and ... Read more »

Emergency a ‘black spot’ on India’s vibrant democracy: PM Modi

© Provided by The Financial Express Emergency was announced in the country on June 25, 1975 when Indira Gandhi was the prime minister, and was lifted on March 21, 1977. ... Read more »

India vs Ireland, 1st T20I Live Score, Updates: Focus on Hardik Pandya as India start favourites

2022-06-26 19:40:00 IST India (IND) vs Ireland (IRE), 1st T20I Live Score and Updates: India take on Ireland in the first of a 2-match T20I series in Dublin on Sunday, ... Read more »

DID Li'l Masters 5 judge Mouni Roy shares a video & pens a heartfelt note as the show comes to an end; Watch

© Provided by Pinkvilla DID Li’l Masters season 5 is one of the most popular shows on Television screens and offers numerous talented little kids to showcase their talent. However, ... Read more »

Shakira being harassed by stalkers after her separation from Gerard Pique [Reports]

© Provided by BollywoodLife.com Shakira and football player Gerard Pique announced their split after 11 years of togetherness earlier this month and now reports suggest that she is being harassed ... Read more »

KK's daughter asks people not to spread hate against the late singer's team: 'Heard about a lot of anger being directed towards them'

© Provided by Free Press Journal Late singer KK’s daughter Taamara shared a long note on social media and asked people not to abuse or ‘spread hate’ against his managers ... Read more »

Activist Teesta Setalvad, former top cop RB Sreekumar sent to police custody till July 1

Activist Teesta Setalvad and former IPS officer RB Sreekumar. (Photo: ANI) Activist Teesta Setalvad and former IPS officer RB Sreekumar have been sent to police custody till July 1. Gujarat ... Read more »

India by-poll election updates: Lodhi wins SP’s bastion Rampur, and more

© Provided by WION The counting of votes for three Lok Sabha and seven assembly seats started on Sunday morning at 8 am. The seats are spread across five states ... Read more »

Emergency a blemish on India's democracy: PM Modi in Munich

PM Modi in Germany Prime Minister Narendra Modi, addressing the Indian diaspora in Munich, said that the emergency was a blemish on India’s vibrant democracy and rights were snatched away ... Read more »

Uttarakhand braces for challenges of Kanwar yatra after 2-year gap

© Provided by Hindustan Times Lord Shiva devotees known as Kanwariyas in Haridwar during Kanwar yatra. (HT FILE PHOTO.) With over 30 million devotees expected this year, the Uttarakhand government is ... Read more »

'40 MLAs in Guwahati are living corpses': Shiv Sena MP Sanjay Raut's attack on Eknath Shinde's faction

© Provided by Free Press Journal Shiv Sena MP Sanjay Raut Shiv Sena MP Sanjay Raut on Saturday took a swipe at the rebel MLAs including Eknath Shinde camping at ... Read more »

Who is Nirahua? Know all about Bhojpuri actor and former Bigg Boss contestant who won Azamgarh bypoll

© Provided by Free Press Journal UP CM Yogi Adityanath (left) with Azamgarh bypoll winner Dinesh Lal Yadav (right) Who is Dinesh Lal Yadav aka Nirahua? Born in February 1979, ... Read more »

Shah Rukh Khan Says Between Salman Khan and Him, 'We Don't Know Who is the Elder Brother'

© Provided by News18 Shah Rukh Khan appeared in a 30-minute live session on Instagram to interact with his fans on his 30th anniversary on Bollywood. The actor spoke about ... Read more »

'Alex Ferguson of Ranji Trophy': Dinesh Karthik Lauds 'GOAT' Madhya Pradesh Coach Chandrakant Pandit

© Provided by News18 ‘Alex Ferguson of Ranji Trophy’: Dinesh Karthik Lauds ‘GOAT’ Madhya Pradesh Coach Chandrakant Pandit Veteran India wicketkeeper batter Dinesh Karthik heaped praises on Madhya Pradesh coach ... Read more »

Amid Maharashtra political crisis, Governor Koshiyari asks Union Home Secretary to keep central forces ready

© Provided by The Indian Express Amid the political crisis that is raging in Maharashtra, Governor B S Koshiyari has written to Union Home Secretary Ajay Bhalla asking him to ... Read more »

Navi Mumbai: NMMC extends deadline for objections seeking space under disabled category

© Provided by Free Press Journal Navi Mumbai Municipal Corporation (NMMC) Navi Mumbai Municipal Corporation (NMMC) has extended the deadline for submitting objections and suggestions from physically challenged persons applying ... Read more »

True cadres of AIADMK behind me, claims Panneerselvam amid leadership crisis

AIADMK leader Panneerselvam All India Anna Dravida Munnetra Kazhagam (AIADMK) leader O Panneerselvam on Sunday said that true cadres of the party are behind him amid the leadership crisis within ... Read more »

IND vs IRE Live Cricket Score 1st T20I and Updates: Hardik Pandya makes captaincy debut

© Provided by Firstpost IND vs IRE Live Cricket Score 1st T20I and Updates: Hardik Pandya makes captaincy debut 19:30 (IST) Hello and welcome to the live coverage of the ... Read more »

Sussanne Khan Finds Saba Azad ‘Pretty’ In Ethnic, Latter Thanks Her ‘Sooz’; See Post

Saba Azad and Sussanne Khan have proved to be good friends. Saba Azad is reportedly dating Sussanne’s ex-husband, superstar Hrithik Roshan. Sussanne too has moved on and is reportedly in ... Read more »

IPL Founder Lalit Modi Lived Like A Rockstar, Movie Coming Out Soon Based On This Book

© Provided by News18 IPL Founder Lalit Modi Lived Like A Rockstar, Movie Coming Out Soon Based On This Book New Delhi: S-class Mercedes cars had to be made available ... Read more »

Wimbledon: Rafael Nadal says he does not feel the pain he had for the last year and a half

Rafael Nadal practicing ahead of the Wimbledon. Rafael Nadal on Sunday confirmed that he doesn’t feel the pain he had for the last year and a half. The Spaniard overcame ... Read more »

IND vs ENG, 5th Test: In-form Virat Kohli all set for Birhimghan Test, check post HERE

© Provided by Zee News Former India captain Virat Kohli thanked Leicester for hosting India’s warm-up against Leicestershire following the Men in Blue’s fifth and final rescheduled Test against England ... Read more »

Younger patients with comorbidities were at higher risk of mortality during first COVID-19 wave, study reveals

© Provided by The Financial Express The researchers informed that out of 2586 patients, 779(30.1 %) needed ICU admission whereas 1807(69.9%) were not admitted to ICU. (File) Researchers at Delhi’s ... Read more »