Top In­dian hon­chos’ pay hikes set to dip: Hay Group

Hindustan Times (Patna) - - FRONT PAGE - HT Cor­re­spon­dent let­ters@hin­dus­tan­times.com

NEW DELHI: When a com­pany cuts pay, how of­ten does the boss take the same hit as ev­ery­body else? Ac­cord­ing to a report re­leased by Hay Group, a global man­age­ment con­sul­tancy, the growth in com­pen­sa­tions of chief ex­ec­u­tive of­fi­cers and other top ex­ec­u­tives may dip to sin­gle dig­its in the coming year.

“Af­ter wit­ness­ing dou­ble-dig- its growth in pre­vi­ous years, com­pen­sa­tion of chief ex­ec­u­tive of­fi­cers and other top ex­ec­u­tives is set to in­crease by a mod­est 9%- 9.4 % in the coming year,” the Top Ex­ec­u­tive Com­pen­sa­tion Report found.

In­dian en­ter­prises are ad­dress­ing salary in­creases by mov­ing higher parts of the in­cre­ments into pay for per­for­mance. In­ter­est­ingly, vari­able pay, as a per­cent­age of CTC, is high­est in the re­tail sec­tor (29%).

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.