Driven by rising stock markets and growth in key sectors of the economy, corporate honchos are seeing a frenetic rise in salaries, a survey by audit and consulting firm Deloitte has found. Promoter CEO salaries are growing faster than those of professional CEOs, even as performance-based bonuses take centre stage
The average compensation of a CEO has jumped 40% from the levels in 2020 to 13.8 crore in 2024, according to the Deloitte India Executive Performance Rewards Survey. In contrast, the average salary of junior executives is estimated to have grown at about half that rate over the same period.
CEOs who earn 20 crore or more have doubled in number over the past four years in the survey base of 400 companies comprising both listed and unlisted companies across sectors.
The survey found that promoters are rewarding themselves more than their professional peers. CEOs who are also promoters or members of the promoter family are paid ₹16.7 crore on average, while CEOs at professionally run firms receive an average of 13 crore.
Diese Geschichte stammt aus der April 09, 2024-Ausgabe von Mint Mumbai.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der April 09, 2024-Ausgabe von Mint Mumbai.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Using AI In Workflow To Make Work Less Stressful
Al's role in workflow automation goes beyond efficiency-it also directly impacts employee well-being
Employees' Provident Fund Has Issues. Can Employees Opt Out?
EPF contributors face mounting challenges as limited withdrawal options and high rejection rates persist
The Promise And Challenges Of Insurance Reform
One of the most awaited results of the hike in foreign holding is the infusion of capital
Becoming better at work with daily reflection
Fujifilm India's Arun Babu on the significance of constant learning
A new incentive structure could help preserve standing forests
The proposed tropical forest forever facility would use blended finance to reward countries for protecting their green cover
Let someone else play knight in shining armour for Disney
CEO Iger should quit can-kicking and help the next chief succeed
Thomas E. Kurtz gave us our Basic lessons in software
He wanted computers kept accessible, as seen in the programming language he pioneered
Why the 5-star hotel experience needs urgent reforms
From gagging TV sets to guiding guests on surviving tucked-in beds, plenty needs to be fixed
COP-29 could not escape the US election's impact
The $300 billion pledged by rich countries as climate funding is grossly insufficient. True, Trump's US may revert to climate scepticism, but others must try harder to mobilize funds
Empower women to participate equally in Digital India's success
We must go beyond bridging gaps in internet access and maximize women's agency in using devices
