Pay of CEOs as against top management skewed in India - December 18, 2012

In India, the average CEOs salary is thrice that of a top management executive. The scenario of benefits and rewards provided to the CEO is also as skewed.

In India, the average CEOs salary is thrice that of a top management executive. The scenario of benefits and rewards provided to the CEO is also as skewed. In a report titled, “Top Executives Compensation Report 2012-13”, by the Hay group, results show CEOs earn 5 times more in basic resources sector, 4.5 times more in automobiles, 4.4 times more in retail and 3.3 times more in telecom than the top level executives. This pay gap has increased from the last couple of years where the pay used to be 1.5 times more.

Source: www.economictimes.com, December 18, 2012. “India Inc CEOs earn almost thrice as much as the rest of top management”

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