Indian Cos Offer 9.8 percent Pay Hikes To Top Executives: Survey
Facebook Twitter google+ RSS Feed

Indian Cos Offer 9.8 percent Pay Hikes To Top Executives: Survey

Tuesday, 24 September 2013, 13:45 Hrs
28
cmt right
35
Comment Right
68
cmt right
15
cmt right
Printer Print Email Email


Bangalore: Marking the highest annual pay hikes worldwide, Indian companies doled out as much as 9.8 percent increase in salaries this year even though average executive compensation remained lower than many other countries, says a report.

The substantial hike in executive pay by Indian companies comes even as corporates are grappling with uncertain global economic conditions and sluggish growth prospects.

The latest findings by executive search firm Pedersen & Partners show that Indian companies gave 9.8 percent annual salary hikes.

Going by the study, top executive compensation is currently increasing by 7-10 percent on average in emerging markets and between 4 percent and 5 percent on average in Western countries.

However, in absolute terms, the findings reveal that the average compensation of top executive in India is much lower than other nations.

India is followed by South Africa at the second place, where top executives pay package has risen by 8.8 percent, China (6.8percent), the UK (4.4percent) and other western European countries (4.1percent) and four percent each in the U.S.and Germany.

Globally, average executive compensation is still the highest in the U.S. and Western European countries.



Read More:



10 Companies That Nurture the Leader in You
India- The New R&D Hub Of Global Giants


Source: PTI
next new
Experts on SiliconIndia
Santhosh  K
Sr. Soft. Engg.
Oracle India
Nehal Vyas
Sr. Team Lead
Cyberoam Tech.
Rani Malli
Sr. Director
Philips
Sr. Executive
ISB
Vijay Balkrishna Konduskar
Business Consultant
Imans Web Tech
Dr L P  Sharma
Technical Director
NIC
Reena Khanna
Founder
Solitaireworld
Dellas  Asse
sys-network admin
Computer Station
Write your comment now
Submit Reset
SPOTLIGHT