A new study has indicated that senior executives in India are headed for a better year of financial compensation. Top executives across numerous industries have had their variable pay impacted by the challenges of handling the COVID-19 pandemic. The nature of their merit pay and bonus allocations has changed as a result.
The study analysed data across 504 companies from more than 20 industries. The sum of variable pay and LTI as a percentage of total compensation is 52 per cent of CEOs in India compared to 87 per cent for CEOs in the US.
“Over half of Total Compensation for CEOs in India today is linked with business performance. Performance Shares and Restricted Stock Options are becoming more prevalent, as more companies are moving away from basic Stock Options,” said Everett.
Read the full story here.