BENGALURU: For executives of Indian IT firms<\/a>, the last year has not been kind. CEOs<\/a> from Genpact<\/a> and Infosys<\/a> to Cognizant<\/a> have seen their performance bonuses<\/a> shrink as the sector struggles for growth.
\n
\nUS-listed companies, which ask for a non-binding, advisory shareholder vote on the compensation, are saying they have missed their targets and need to be compensated accordingly. Genpact CEO NV Tyagarajan was paid $700,000 out of a 2016 target bonus of $1.12 million, the IT and BPO company said in a proxy filing to the US Securities and Exchange Commission. He was paid $1.33 million in his target bonus for 2015.
\n
\n“Tyagarajan achieved lower-than target performance on both the financial and strategic metrics included in his scorecard. The 48% decrease in Tyagarajan’s 2016 bonus compared to his 2015 bonus reflects a decrease in the Company multiplier under the bonus plan from 96% in 2015 to 83% in 2016, the impact of lower-than-target Company performance on achievement of the financial metrics in his scorecard, and lower-than-target performance on the strategic metrics in his scorecard,” Genpact said in the proxy.
\n
\nIn terms of realisable pay, Tyagarajan earned $1.41 million in 2016 compared to $2.05 million in 2015. He also forfeited the performance stock units granted to him in 2016 for failure to achieve threshold revenue and adjusted income from operations performance.
\n
\n
\n\"\"
\n
Genpact’s revenue rose 6% to $2.57 billion in constant currency terms in 2016 and the company said that it was no longer guaranteed a minimum amount of business from its former parent General Electric. The company’s growth woes mimic those of the rest of the sector. The National Association of Software and Services Companies cut its growth guidance to 8-10% for FY17 and has deferred issuing a target for FY18 as uncertainties such as
Brexit<\/a> and the fate of the US Affordable Care Act curb spending.
\n
The fact that CEOs are also feeling the pain is a rare bright spark for Indian IT employees, who are facing low-to-mid single digit wage hikes and have also seen their
variable pay<\/a> slashed. “Companies cannot give CEOs millions of dollars when they are giving us peanuts. I would be happy that their bonuses are cut but there is a big difference when your $1million bonus is cut and your Rs 2 lakh bonus is cut,” an mid-ranking executive in the Indian IT sector said. He declined to be identified.
\n
\nCognizant CEO Francisco D’Souza’s compensation fell by a third in 2016. He took home $8.26 million down from close to $12 million in 2015. And the company has changed some of its performance targets to reflect its new goals.
\n
\nThe Teaneck-New Jersey headquartered company had always placed revenue over margins, which historically hovered at about 19-20%. The company has since said it will target achieving 22% in non-GAAP margins by 2019. Revenue growth also had a greater weightage in the payout formula for performance bonuses, though that will change in 2017.
\n
\n“For 2017 awards: Revenue reduced to 50% weighting for PSUs to reflect increased Company focus on non-GAAP Operating Margin. Non-GAAP EPS increased to 50% weighting for PSUs; target accounts for $1.5 billion accelerated share repurchase program initiated in March 2017,” Cognizant said in its proxy filing.
\n
Infosys’s CEO
Vishal Sikka<\/a> was issued fewer than a fifth of the stock options he was eligible for as part of his compensation. Sikka was eligible for an annual grant of performance based equity and stock options of $5 Million, subject to achievement of performance targets. Infosys chairman R Seshasayee said that Sikka’s salary would be lower compared to FY16.
\n
\n“If the targets were not met, as in the case of Vishal, the compensation came down this year as compared to last year. We just acted on the promise we made to shareholders,” Seshasayee told ET. Shareholder advisory firm said the slashing of CEO payouts at a time of slower growth was a feature of good corporate governance.\n\n<\/p><\/body>","next_sibling":[{"msid":58390771,"title":"Telecom operators may offer lowest ever salary hike this year, courtesy Reliance Jio and consolidation pressure","entity_type":"ARTICLE","link":"\/news\/telecom-operators-may-offer-lowest-ever-salary-hike-this-year-courtesy-reliance-jio-and-consolidation-pressure\/58390771","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":58390829,"entity_type":"ARTICLE","title":"CEOs at Indian IT companies like Genpact, Infosys take a cut in their bonuses as growth slows","synopsis":"The fact that CEOs are also feeling the pain is a rare bright spark for Indian IT employees, who are facing low-to-mid single digit wage hikes.","titleseo":"telecomnews\/ceos-at-indian-it-companies-like-genpact-infosys-take-a-cut-in-their-bonuses-as-growth-slows","status":"ACTIVE","authors":[{"author_name":"Jochelle Mendonca","author_link":"\/author\/479231167\/jochelle-mendonca","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479231167.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":true,"msid":479231167,"author_name":"Jochelle Mendonca","author_seo_name":"jochelle-mendonca","designation":"Assistant Editor - Enterprise IT","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2017-04-27 08:25:37","lastupd":"2017-04-27 08:27:11","breadcrumbTags":["Indian IT firms","Infosys","Genpact","Cognizant","CEOs","Variable pay","Bonuses","Vishal Sikka","Brexit","Enterprise IT"],"secinfo":{"seolocation":"telecomnews\/ceos-at-indian-it-companies-like-genpact-infosys-take-a-cut-in-their-bonuses-as-growth-slows"}}" data-authors="[" jochelle mendonca"]" data-category-name="" data-category_id="" data-date="2017-04-27" data-index="article_1">

印度IT公司的ceo们像Genpact,印孚瑟斯会随着增长放缓削减他们的奖金

ceo们也感受到了痛苦的事实是一个难得一见的亮点为印度IT员工,他们正面临着处于低度到中度一位数工资上涨。

Jochelle Mendonca
  • 更新于2017年4月27日08:27点坚持

班加罗尔:高管印度IT公司去年,没有。首席执行官们Genpact印孚瑟斯认识到看到他们的表现奖金萎缩的行业增长斗争。

在美上市公司要求不具约束力,咨询补偿股东投票,说他们错过了他们的目标,需要相应的补偿。Genpact首席执行官NV Tyagarajan是支付了700000美元的2016年目标112万美元的奖金,IT和业务流程外包公司在提交给美国证券交易委员会的代理。他支付了133万美元的目标奖金为2015。

“Tyagarajan出炉实现目标表现在金融和战略指标纳入他的记分卡。Tyagarajan 2016奖金的减少48%相比,2015年的奖金减少反映了公司乘数下奖金计划在2016年从2015年的96%降至83%,低于目标公司业绩的影响在财务指标的成就在他的记分卡,战略上和低于目标性能指标计分卡,“Genpact在代理说。

在可实现的支付方面,Tyagarajan赢得了141万年的2016美元相比205万年的2015美元。他还被没收的股票表现于2016年授予他未能实现阈值调整收入和收入操作性能。




Genpact的营收增长6%至25.7亿美元以不变汇率计算,2016年该公司表示,它不再是保证最少的业务从其前母公司通用电气。公司的成长困境模仿那些剩余的部门。国家软件和服务公司协会下调增长指导为FY17 8 - 10%,延期发行目标FY18等不确定性Brexit和我们的命运可支付医疗法案限制支出。

ceo们也感受到了痛苦的事实是一个难得一见的亮点为印度IT员工,他们正面临着处于低度到中度个位数加薪,也看到了他们可变工资削减。“公司不能给ceo数百万美元当他们给我们花生。我会快乐的,他们的奖金减少,但当你100万美元的奖金是一个很大的区别是削减和Rs 2十万的奖金减少,”印度IT部门的中层主管说。他拒绝透露姓名。

认识到首席执行官弗朗西斯科D’索萨的薪酬在2016年下降了三分之一。他拿回家826万美元从2015年的接近1200万美元。和该公司改变了它的一些性能指标来反映它的新目标。

Teaneck-New泽总部公司一直放置在利润收入,这在历史上徘徊在大约19 - 20%。该公司已表示,将在2019年会计利润目标达到22%。收入增长也更weightage支付绩效奖金公式,尽管2017年将会改变。

“2017年奖:收入减少到50%增加为电源的权重,以反映公司专注于非gaap营运利润率。非一般公认会计准则EPS电源的比重提高到50%;目标占15亿美元股票回购计划加速启动2017年3月,“认识到在申请代理说。

印孚瑟斯首席执行官Vishal Sikka发布不到五分之一的股票期权他资格作为补偿。Sikka资格是一个绩效股票和股票期权的授予年度计划500万美元,实现业绩目标。印孚瑟斯主席R Seshasayee说Sikka FY16相比的薪水会低。

“如果目标没有实现,如经营范围的情况下,补偿了今年与去年相比。我们只向股东对我们许下的诺言,”Seshasayee告诉ET。股东咨询公司表示,CEO的削减支出的增长放缓是一个功能良好的公司治理。

  • 发布于2017年4月27日08:25点坚持
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BENGALURU: For executives of Indian IT firms<\/a>, the last year has not been kind. CEOs<\/a> from Genpact<\/a> and Infosys<\/a> to Cognizant<\/a> have seen their performance bonuses<\/a> shrink as the sector struggles for growth.
\n
\nUS-listed companies, which ask for a non-binding, advisory shareholder vote on the compensation, are saying they have missed their targets and need to be compensated accordingly. Genpact CEO NV Tyagarajan was paid $700,000 out of a 2016 target bonus of $1.12 million, the IT and BPO company said in a proxy filing to the US Securities and Exchange Commission. He was paid $1.33 million in his target bonus for 2015.
\n
\n“Tyagarajan achieved lower-than target performance on both the financial and strategic metrics included in his scorecard. The 48% decrease in Tyagarajan’s 2016 bonus compared to his 2015 bonus reflects a decrease in the Company multiplier under the bonus plan from 96% in 2015 to 83% in 2016, the impact of lower-than-target Company performance on achievement of the financial metrics in his scorecard, and lower-than-target performance on the strategic metrics in his scorecard,” Genpact said in the proxy.
\n
\nIn terms of realisable pay, Tyagarajan earned $1.41 million in 2016 compared to $2.05 million in 2015. He also forfeited the performance stock units granted to him in 2016 for failure to achieve threshold revenue and adjusted income from operations performance.
\n
\n
\n\"\"
\n
Genpact’s revenue rose 6% to $2.57 billion in constant currency terms in 2016 and the company said that it was no longer guaranteed a minimum amount of business from its former parent General Electric. The company’s growth woes mimic those of the rest of the sector. The National Association of Software and Services Companies cut its growth guidance to 8-10% for FY17 and has deferred issuing a target for FY18 as uncertainties such as
Brexit<\/a> and the fate of the US Affordable Care Act curb spending.
\n
The fact that CEOs are also feeling the pain is a rare bright spark for Indian IT employees, who are facing low-to-mid single digit wage hikes and have also seen their
variable pay<\/a> slashed. “Companies cannot give CEOs millions of dollars when they are giving us peanuts. I would be happy that their bonuses are cut but there is a big difference when your $1million bonus is cut and your Rs 2 lakh bonus is cut,” an mid-ranking executive in the Indian IT sector said. He declined to be identified.
\n
\nCognizant CEO Francisco D’Souza’s compensation fell by a third in 2016. He took home $8.26 million down from close to $12 million in 2015. And the company has changed some of its performance targets to reflect its new goals.
\n
\nThe Teaneck-New Jersey headquartered company had always placed revenue over margins, which historically hovered at about 19-20%. The company has since said it will target achieving 22% in non-GAAP margins by 2019. Revenue growth also had a greater weightage in the payout formula for performance bonuses, though that will change in 2017.
\n
\n“For 2017 awards: Revenue reduced to 50% weighting for PSUs to reflect increased Company focus on non-GAAP Operating Margin. Non-GAAP EPS increased to 50% weighting for PSUs; target accounts for $1.5 billion accelerated share repurchase program initiated in March 2017,” Cognizant said in its proxy filing.
\n
Infosys’s CEO
Vishal Sikka<\/a> was issued fewer than a fifth of the stock options he was eligible for as part of his compensation. Sikka was eligible for an annual grant of performance based equity and stock options of $5 Million, subject to achievement of performance targets. Infosys chairman R Seshasayee said that Sikka’s salary would be lower compared to FY16.
\n
\n“If the targets were not met, as in the case of Vishal, the compensation came down this year as compared to last year. We just acted on the promise we made to shareholders,” Seshasayee told ET. Shareholder advisory firm said the slashing of CEO payouts at a time of slower growth was a feature of good corporate governance.\n\n<\/p><\/body>","next_sibling":[{"msid":58390771,"title":"Telecom operators may offer lowest ever salary hike this year, courtesy Reliance Jio and consolidation pressure","entity_type":"ARTICLE","link":"\/news\/telecom-operators-may-offer-lowest-ever-salary-hike-this-year-courtesy-reliance-jio-and-consolidation-pressure\/58390771","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":58390829,"entity_type":"ARTICLE","title":"CEOs at Indian IT companies like Genpact, Infosys take a cut in their bonuses as growth slows","synopsis":"The fact that CEOs are also feeling the pain is a rare bright spark for Indian IT employees, who are facing low-to-mid single digit wage hikes.","titleseo":"telecomnews\/ceos-at-indian-it-companies-like-genpact-infosys-take-a-cut-in-their-bonuses-as-growth-slows","status":"ACTIVE","authors":[{"author_name":"Jochelle Mendonca","author_link":"\/author\/479231167\/jochelle-mendonca","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479231167.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":true,"msid":479231167,"author_name":"Jochelle Mendonca","author_seo_name":"jochelle-mendonca","designation":"Assistant Editor - Enterprise IT","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2017-04-27 08:25:37","lastupd":"2017-04-27 08:27:11","breadcrumbTags":["Indian IT firms","Infosys","Genpact","Cognizant","CEOs","Variable pay","Bonuses","Vishal Sikka","Brexit","Enterprise IT"],"secinfo":{"seolocation":"telecomnews\/ceos-at-indian-it-companies-like-genpact-infosys-take-a-cut-in-their-bonuses-as-growth-slows"}}" data-news_link="//www.iser-br.com/news/ceos-at-indian-it-companies-like-genpact-infosys-take-a-cut-in-their-bonuses-as-growth-slows/58390829">