12,224.55-127.8
Stock Analysis, IPO, Mutual Funds, Bonds & More

Here is how India Inc’s top guns are getting paid

A pay package of Rs 2 crore on average is the new normal for CXO level roles in large companies across sectors, according to Aon Consulting research shared exclusively with ET.

ET Bureau|
Updated: Dec 04, 2018, 10.00 AM IST
0Comments
Agencies
India-Inc
In big companies, if the CXO position is also a board position, the compensation is higher by at least 15-20%.
Which CXO position gets the most salary in big companies? A pay package of Rs 2 crore on average is the new normal for CXO level roles in large companies across sectors, according to Aon Consulting research shared exclusively with ET. The position of chief financial officer is the highest paid after the chief executive offi cer and on average, the compensation of CFOs is one-third that of CEOs, the research shows. The role of chief human resource offi cer (CHRO) in large-cap companies is gaining major signifi cance with the gap between CFO & CHRO compensation narrowing down in many organisations across India Inc, says Anubhav Gupta, director, Aon Consulting.

In big companies, if the CXO position is also a board position, the compensation is higher by at least 15-20%. The components of CXO compensation include fi xed pay, which is 50% of the pay package; short-term incentives and annual bonus account for 25% while long-term benefi ts like stock options account for another 25% of the pay package.

The lowdown on the total compensation ranges for CXO level positions
(ALL FIGURES IN Rs CRORE)
Top-guns-11
Top-guns-2
Top-gun-3

Beyond this universe of large companies, there are new cutting-edge roles emerging in sectors like ecommerce, FMCG, BFSI & pharma. While most of these roles are not the conventional CXO roles, these are critical and central roles for these sectors. BTI Executive Search, a PERSOLKELLY company, took a deep dive into its database to share the pecking order of CXO roles and compensation.
India-Inc-44

Also Read

India Inc condemns JNU violence

India Inc opens doors to transgender employees

What India Inc's expectations are from Budget

Questions for 2020: India Inc starts investing?

Diversity makes business sense for India Inc

Comments
Add Your Comments
Commenting feature is disabled in your country/region.

Other useful Links


Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service