Senior executives in India are likely to get a 6% salary increase in 2021, according to the latest Aon survey. Aon plc<\/a>, a global professional services firm has released insights from its 10th executive rewards survey in India that covers 504 companies from more than 20 industries. The findings of the survey further highlight that the impact of Covid-19 pandemic on executive pay is less severe than the 2008-09 global financial crisis<\/a>. 不包括长期激励(LTI),印度的首席执行长薪酬中值范围从Rs 15卢比的owner-promoter CEO Rs 3.63卢比在印度的私营企业。 高管在印度很可能在2021年获得6%的加薪,根据最新的怡安调查。怡安保险公司全球专业服务公司发布了见解从10日行政奖励调查在印度,涵盖了504家公司来自20多个行业。调查的结果进一步强调Covid-19大流行对高管薪酬的影响比2008 - 09年的那么严重全球金融危机。
Excluding long-term incentives (LTI), the median CEO compensation in India ranges from Rs 15 crores for owner-promoter CEOs to Rs 3.63 crores at the Indian private companies. The sum of variable pay<\/a> and LTI as a percentage of total compensation is 52% of CEOs in India compared to 87% for CEOs in the U.S.
“At 6%, the 2021 projected salary increase for senior executives is down by 1.4% from 2020. The COVID-19 pandemic had less of an impact than the 2008-2009 Global Financial Crisis<\/a>, when projected salary increases for senior executives dropped by almost 5%,” said Nitin Sethi<\/a>, partner and CEO of Aon’s performance and rewards business in India.
Variable pay<\/a> for top executives is most impacted by the COVID-19 pandemic, with pay-outs for executives who had a “Meets Expectations” performance rating projected to drop from 95% in 2019-2020 to 85% in 2020-2021.
“Executive pay practices in India are catching-up with those of US and European companies. Over half of total compensation for CEOs in India today is linked with business performance. Performance Shares and Restricted Stock Options<\/a> are becoming more prevalent, as more companies are moving away from basic Stock Options<\/a>,” Ray Everett, CEO of Aon’s Human Capital & Rewards Solutions across Asia Pacific<\/a>, Middle East & Africa<\/a> said.
Apart from CEOs, the highest-paid executives in 2020-2021 are the chief operating officer and chief financial officer, followed by the sales head and chief human resources officer. The head of legal and head of IT are among the lowest-paid executives. Strategy and finance continue to be the top remunerative functions for executives. The survey data also shows that financial institutions and the Fast Moving Consumer Goods (FMCG) sectors continue to lead in India on executive pay.
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首席执行官和CXOs在印度2021年获得6%的加薪:怡安调查
不包括长期激励(LTI),印度的首席执行长薪酬中值范围从Rs 15卢比的owner-promoter CEO Rs 3.63卢比在印度的私营企业。的总和可变工资LTI总薪酬的比例是52%的ceo在印度87%的ceo在美国
可变工资COVID-19高管最有影响的大流行,对高管薪酬有“满足预期”性能指数预计将从2019 - 2020年的95%降到了85%,2020 - 2021。
“高管薪酬实践在印度是追赶与美国和欧洲的公司。超过一半的总薪酬为ceo在印度今天是与业务性能。业绩股票和限制股票期权正变得越来越普遍,随着越来越多的公司正在远离基本吗股票期权首席执行官,”雷埃弗雷特怡安的人力资本和奖励方案亚太地区,中东和非洲说。
除了首席执行官,2020 - 2021年薪酬最高的高管是首席运营官和首席财务官,其次是销售主管和首席人力资源官。负责人的法律和它的高管薪水最低。战略和金融高管继续上面的函数。调查数据也表明,金融机构和快速消费品(FMCG)在印度板块继续领在高管薪酬。
Senior executives in India are likely to get a 6% salary increase in 2021, according to the latest Aon survey. Aon plc<\/a>, a global professional services firm has released insights from its 10th executive rewards survey in India that covers 504 companies from more than 20 industries. The findings of the survey further highlight that the impact of Covid-19 pandemic on executive pay is less severe than the 2008-09 global financial crisis<\/a>.
Excluding long-term incentives (LTI), the median CEO compensation in India ranges from Rs 15 crores for owner-promoter CEOs to Rs 3.63 crores at the Indian private companies. The sum of variable pay<\/a> and LTI as a percentage of total compensation is 52% of CEOs in India compared to 87% for CEOs in the U.S.
“At 6%, the 2021 projected salary increase for senior executives is down by 1.4% from 2020. The COVID-19 pandemic had less of an impact than the 2008-2009 Global Financial Crisis<\/a>, when projected salary increases for senior executives dropped by almost 5%,” said Nitin Sethi<\/a>, partner and CEO of Aon’s performance and rewards business in India.
Variable pay<\/a> for top executives is most impacted by the COVID-19 pandemic, with pay-outs for executives who had a “Meets Expectations” performance rating projected to drop from 95% in 2019-2020 to 85% in 2020-2021.
“Executive pay practices in India are catching-up with those of US and European companies. Over half of total compensation for CEOs in India today is linked with business performance. Performance Shares and Restricted Stock Options<\/a> are becoming more prevalent, as more companies are moving away from basic Stock Options<\/a>,” Ray Everett, CEO of Aon’s Human Capital & Rewards Solutions across Asia Pacific<\/a>, Middle East & Africa<\/a> said.
Apart from CEOs, the highest-paid executives in 2020-2021 are the chief operating officer and chief financial officer, followed by the sales head and chief human resources officer. The head of legal and head of IT are among the lowest-paid executives. Strategy and finance continue to be the top remunerative functions for executives. The survey data also shows that financial institutions and the Fast Moving Consumer Goods (FMCG) sectors continue to lead in India on executive pay.
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