CXO salary surge in India amid pandemic | LinkedIn News India posted on the topic | LinkedIn (2024)

LinkedIn News India

7,467,252 followers

  • Report this post

The average salary of a CEO inIndiahas surged by 40% compared to pre-pandemic levels, Devina Sengupta reports for Livemint, citing a survey by Deloitte.The average compensation for professional CEOs is ₹13.8 crore in 2024, while the figure for promoter CEOs is ₹16.7 crore, the survey shows. Promoter CEOs have longer tenures and so, attrition risks are lower, says Dinkar Pawan, Director at Deloitte.The number of promoter CEOs, who are earning more than ₹20 crore annually, surged to 26% in 2024, from 9% in 2020, says the report.Navnit Singh, Chairman and Regional Managing DirectorIndiaat Korn/Ferry International, says that promoter firms in industrial and manufacturing are willing to pay higher packages to get CEOs from other sectors.A significant part of the compensation is equity-linked and CEOs/CXOs are assessed on both financial and non-financial metrics, reports The Week. More than 50% of target compensation for CEOs is performance-based, says the report.Anandorup Ghose, CHRO Programme Leader with Deloitte, says that large Indian firms with internationally aligned compensation practices are pivoting towards multiple incentive plans and performance shares for different employee groups.In the last five years, 45% of companies saw a CEO change, adds the report. About 400 companies, excluding those in the public sector, participated in the DeloitteIndiaExecutive Performance and Rewards Survey, adds the report. Source: LiveMint - https://lnkd.in/gAEpQBSMTHE WEEK - https://lnkd.in/g5BcrFqK✍: Novinston Lobo📷: Getty Images#CeoSalaries #CxoPay #Salaries #IndiaInc

  • CXO salary surge in India amid pandemic | LinkedIn News India posted on the topic | LinkedIn (2)

192

22 Comments

Like Comment

Akhilesh Kumar

CTO at GiantCell Technologies. (Artificial Intelligence| Data Science| Big Data| Cyber Security| MERN| Python-Django| IT Infrastructure| AWS, AZURE, GCP)

6mo

  • Report this comment

The significant rise in the proportion of promoter CEOs earning more than ₹20 crore annually underscores the premium placed on leadership across key sectors. This trend mirrors broader strategic shifts within industries, aimed at attracting top talent with diverse backgrounds to steer growth and innovation.Furthermore, there is a notable transition towards performance-linked compensation. This not only brings India in line with global standards but also underscores a growing emphasis on sustainable and comprehensive business performance. By tying a substantial portion of CEO pay to both financial and non-financial metrics, companies are underscoring the importance of balanced and responsible leadership.The adoption of multiple incentive plans and performance shares tailored to various employee segments by major corporations represents a forward-looking move. It indicates a more sophisticated approach to motivation and recognition, potentially fostering a more engaged and motivated workforce, thereby bolstering organizational success.Should this trend persist, it may lead to CEOs opting for spaceships over company cars in the future.LinkedIn News India #leadership #CEO #leadership

Like Reply

15Reactions 16Reactions

Manish V.

Learn Coding Now! Parents Students Computer Science Aspirants DM Now | Python C++ Java C DSA HTML R SQL Data Structures Algorithms College University Projects

6mo

  • Report this comment

The notable increase in the percentage of promoter CEOs earning over ₹20 crore annually is a clear indicator of the premium on leadership in key sectors. This trend is reflective of the broader strategic shifts within industries, aiming to attract top talent with diverse experiences to drive growth and innovation.It's also worth highlighting the shift towards performance-based compensation. This move not only aligns India with global practices but also emphasizes a growing focus on sustainable and holistic business performance. By linking a significant portion of CEO compensation to both financial and non-financial metrics, companies are reinforcing the importance of balanced, responsible leadership.The pivot towards multiple incentive plans and performance shares for different employee groups by large firms is a progressive step. It suggests a more nuanced approach to motivation and reward, which could lead to a more engaged and driven workforce, ultimately contributing to the organization's success.And if the trend continues, we might just see CEOs opting for spaceships instead of company cars!LinkedIn News India

Like Reply

1Reaction

Kritagya Pradhan

🚀 D2C & Startup Growth Expert | Scaling Brands to 8-Figures | E-commerce Strategy | Digital Marketing | Customer Acquisition & Retention | Revenue Optimization

5mo

  • Report this comment

🔍💡 Did you know? CEO pay is surging post-pandemic! Check out this insightful article on the latest trends in executive compensation:📈💼In the midst of these dynamic shifts, it's crucial for industry professionals to stay informed and adapt to the evolving landscape. Understanding these trends can provide valuable insights into the current business environment and help shape strategic decisions moving forward. 💡💰Join the conversation on LinkedIn and share your thoughts on how these changes in CEO compensation are impacting businesses and industries worldwide. Let's continue learning and growing together! 🌍🤝 #ExecutiveCompensation #BusinessTrends #LinkedInInsights

Like Reply

1Reaction

Siddhant Garg

Building CFI | Finance and Business Content Writer | Founder at the Corporate Stories | Ex - Credit Analyst at Barclays and S&P Global | 2 times LinkedIn top 200 creators by Fevikon

6mo

  • Report this comment

The shift towards performance-linked compensation for CEOs in India is a positive step towards balanced and responsible leadership. It also reflects a growing emphasis on sustainable business performance and attracting top talent with diverse backgrounds. This trend may lead to a more engaged and motivated workforce, potentially bolstering organizational success. LinkedIn News India

Like Reply

1Reaction 2Reactions

Neha Kaushal

I help startups with financial projections, investor pitch decks, and compliance| $20M raised for 3,200+ clients in 20+ countries| I streamline financial growth and regulatory success| Ex- Deloitte

5mo

  • Report this comment

Fascinating to see CEO pay rebounding above pre-pandemic levels in India! The focus on performance-based incentives and equity-linked compensation aligns with global trends. While the promoter CEO pay gap is interesting, I wonder if the survey considers industry variations impacting overall figures. Great insights on CEO tenures and talent mobility across sectors!

Like Reply

1Reaction 2Reactions

Hub and Oak Realty

6mo

  • Report this comment

CEO salaries in India have seen a significant increase post-pandemic, with professional CEOs earning an average of ₹13.8 crore and promoter CEOs earning ₹16.7 crore. This surge reflects a trend of higher compensation, especially among promoter CEOs, driven by longer tenures and increased equity-linked incentives.

Like Reply

1Reaction

Dr. Lakshmanan C

Motivational speaker on topics of current importance like innovation, research design and thesis writing. Professor with 35 years of experience in commerce and management studies.

5mo

  • Report this comment

It is great to see pay structure of CEOs in India both in big corporates and developing startups.It showsthe scope for potential employees to find suitable placement opportunities based on expertise.The budding CEOs must equipthemselves with the necessary skills to make them fit for the challenging tasks.

Like Reply

1Reaction

LOGESHWARAN T SEC

Student at Sri Sairam Engineering College

5mo

  • Report this comment

The survey reflects the important role that founder CEOs play in the long-term growth and stability of a business, but it also highlights the competitiveness and market recognition of career CEOs in terms of compensation.

Like Reply

1Reaction

Sunil Ram Vaswani

⚡1.3+ Million Impressions | Good News for Employer and Housing Society Member in India

6mo

  • Report this comment

CEO is the main job title concerned with increase in revenue for the company

Like Reply

1Reaction

See more comments

To view or add a comment, sign in

More Relevant Posts

  • Kritagya Pradhan

    🚀 D2C & Startup Growth Expert | Scaling Brands to 8-Figures | E-commerce Strategy | Digital Marketing | Customer Acquisition & Retention | Revenue Optimization

    • Report this post

    🔍💡 Did you know? CEO pay is surging post-pandemic! Check out this insightful article on the latest trends in executive compensation:📈💼In the midst of these dynamic shifts, it's crucial for industry professionals to stay informed and adapt to the evolving landscape. Understanding these trends can provide valuable insights into the current business environment and help shape strategic decisions moving forward. 💡💰#ExecutiveCompensation #BusinessTrends #LinkedInInsights

    6

    Like Comment

    To view or add a comment, sign in

  • ARNAB GUHA

    Building Sportify & IIPLeM | Blurring the line between Food & Medicine via GFCFSF Innovations | Scientist cum Bootstrapped Entrepreneur | Ex-Novozymes | Ex-Britannia | Ex-Heinz

    • Report this post

    Average mentioned salary range of CEOs in India is almost like a peanut given to Top-50 IPL's top-valued cricketers w.r.t valuation of IPL (Rs 89,000 crore in 2023). We make such hue & cry when top-watched cricketers in auction gets 15-30 crore INR. This is totally wrong mentality of the public & maybe some of ex-cricketer who were born too early before money got infused in cricket post IPL. Likewise, if the strategic decisions of CEOs makes big impact on the growth of the companies, then such CEOs should get just compensation rather than the peanut of the pie & board should be flexible in let go some of unsaid share of the profit. This will not be called #greed but a just return on the humungous efforts of a CEO.#CEO #CEOmatter #CEOs #ChiefExecutiveOfficer #ExecutionMatter #VisionMatters #LowAttrition #BrandLoyalityMatters #BoardMembers #Shareholders #Stakeholders #StakeholderManagement #Management

    1

    Like Comment

    To view or add a comment, sign in

  • Israr Amrelia

    Director - Digital Marketing at Media.net

    • Report this post

    Linking increments to performance is a strategic boost for motivation and productivity, reshaping workplace dynamics. #PerformanceRewards #BusinessStrategy

    Like Comment

    To view or add a comment, sign in

  • Indian Startup News

    415,708 followers

    • Report this post

    The average salary of a CEO in India is now Rs 13.8 crore, which is a 40% increase from before the COVID-19 pandemic, according to the Deloitte India Executive Performance and Rewards Survey 2024. Interestingly, more than half of this salary package is made up of short-term and long-term incentives. CEOs who are also promoters or part of the promoter family earn even more, with an average salary of Rs 16.7 crore. The increase in CEO salaries is significant, especially when considering that over 50% of their compensation is at risk, meaning it's tied to the company's performance. The survey also highlights that professional CEOs have a higher percentage of their salary (57%) at risk compared to promoter CEOs (47%). The move towards performance-based pay is part of a larger trend among large Indian companies to align more closely with global compensation practices, focusing on performance shares and multiple incentive plans for different groups of employees.#mumbai #delhi #ceo #salary #money #company #Indianstartupnews

    • CXO salary surge in India amid pandemic | LinkedIn News India posted on the topic | LinkedIn (21)

    582

    7 Comments

    Like Comment

    To view or add a comment, sign in

  • All Bout Corps

    5,881 followers

    • Report this post

    The Deloitte India Executive Performance and Rewards Survey 2024 reveals a striking 40% increase in the average CEO salary in India compared to pre-COVID-19 levels. Notably, over half of this compensation is tied to short-term and long-term incentives.Presently, the average CEO compensation stands at ₹13.8 crore, with those who are also promoters or part of the promoter family receiving an average of ₹16.7 crore.While companies have reverted to offering employees their pre-COVID level 9% annual hike, a slight dip is anticipated this year. In response to the widespread resignation trend, the Indian corporate sector is striving to normalize salary increments. The latest Korn Ferry India annual rewards survey forecasts an average increment of 9.4% for 2022, up from the actual 8.4% raise in 2021.Moreover, many companies are buoyed by the improving economic outlook and heightened consumer confidence, with COVID-19 receding from the forefront of concerns.#startup #startupgrowth #survey #compensation #salary #employee #increments #allboutcorps

    4

    1 Comment

    Like Comment

    To view or add a comment, sign in

  • CA Sandhya Dhomeja

    CA Sandhya Dhomeja is an Influencer

    Founder at FinGuru | Linkedin Top Voice | IIMB - GS10K | CA by Profession | CFO for Startups | Fintech Consultant | Head of Strategy & Growth

    • Report this post

    👩💻 #CEOs in India are seeing a dramatic pay surge! A recent Deloitte survey reveals a 40% increase in average CEO compensation compared to pre-pandemic levels. Time to grab a corner office chair, right?Not so fast. Let's delve deeper into this trend and explore the factors shaping executive pay in India.✅ The #Numbers: The survey paints a clear picture:•Average CEO Compensation: ₹13.8 crore for professional CEOs and a whopping ₹16.7 crore for promoter CEOs.•Promoter CEO Advantage: Their longer tenures and lower attrition risk translate to higher pay. In fact, the number earning over ₹20 crore annually has tripled (26% in 2024 vs. 9% in 2020).•Performance Matters: Over 50% of CEO compensation is linked to performance, ensuring a results-oriented approach. Companies are also adopting multiple incentive plans and performance shares for various employee groups.✅ Behind the #Rise: So, what's driving this surge?•Promoter Influence: Promoters, often company founders, are willing to pay premium salaries (especially in industrial & manufacturing sectors) to attract experienced CEOs from other industries.•Global Alignment: Large Indian firms are adopting internationally benchmarked compensation practices, leading to higher pay packages.The Debate: Is this a fair reflection of CEO value or a widening pay gap? 👉 Here's what to #consider:•CEO Performance: Are these high salaries translating to exceptional company performance and shareholder value?•Talent Acquisition: Can Indian companies attract and retain top talent without such high compensation?•Equity vs. Salary: The increasing emphasis on performance-based pay (equity-linked compensation) aligns rewards with company success.✍ The Takeaway: CEO pay in #India is a complex issue with no easy answers. While high salaries might attract talent, ensuring performance-based compensation and fair practices for all employees remains crucial. Let's keep the conversation going - what are your thoughts on this trend? Share your insights in the comments!#CEOCompensation #India ##PromoterCEOs #PerformanceMatters #TalentAcquisition #Equity #Salary #CompanyPerformance

    • CXO salary surge in India amid pandemic | LinkedIn News India posted on the topic | LinkedIn (28)

    16

    1 Comment

    Like Comment

    To view or add a comment, sign in

  • Latest IND

    217 followers

    • Report this post

    Wondered how much CEOs earns? Average salary in India is…Full Article Link >>> https://lnkd.in/ghN6GwunThe average salary of a CEO in India stood at ₹13.8 crore which is an increase of 40 per cent compared to pre-Covid times. Of this remuneration, more than half is linked to short-term and long-term incentives, Deloitte India Executive Performance and Rewards Survey 2024 noted. CEOs who are also promoters or members of the […]..Latest IND....#trendingnews #newstrending #trendingtopicnews #lifestyle #business #news #healthylifestyle #smallbusiness #supportsmallbusiness #lifestyleblogger #luxurylifestyle #businessowner #businesswoman #smallbusinessowner #businessnews

    Wondered how much CEOs earns? Average salary in India is… https://latestind.com
    Like Comment

    To view or add a comment, sign in

  • Satheendhar Sahani

    Passionate Pharmacist with Expertise in Digital Marketing | Dedicated to Enhancing Community Health and Well-being.

    • Report this post

    Wondered how much CEOs earns? Average salary in India is…Full Article Link >>> https://lnkd.in/gnyjyfz9The average salary of a CEO in India stood at ₹13.8 crore which is an increase of 40 per cent compared to pre-Covid times. Of this remuneration, more than half is linked to short-term and long-term incentives, Deloitte India Executive Performance and Rewards Survey 2024 noted. CEOs who are also promoters or members of the […]..Latest IND....#trendingnews #newstrending #trendingtopicnews #lifestyle #business #news #healthylifestyle #smallbusiness #supportsmallbusiness #lifestyleblogger #luxurylifestyle #businessowner #businesswoman #smallbusinessowner #businessnews

    Wondered how much CEOs earns? Average salary in India is… https://latestind.com
    Like Comment

    To view or add a comment, sign in

  • Rajesh kumar kumaravel

    Engineering Manager | Specializing in Facility Operations & Project Leadership | 17 Years Experience Driving Organizational Success"

    • Report this post

    Some Key interesting insights about expected increment in India in 2024 from an article from economic times Deloitte India Talent Outlook 2024 Survey• Average salary increment in India in 2024 is expected to be 9%, slightly lower than last year's 9.2%.• Increment projection for 2024 is higher than pre-Covid levels across all sectors, except IT and BPO/KPO.• Companies are likely to offer double-digit increments to junior management employees, with a focus on performance-based differentiation.• Top performers can expect 1.8x the increments given to employees with "average" ratings.• Increment for employees below average is expected to be lower than last year, with 0.4x expected in 2024 compared to 0.6x in 2023.• The percentage of employees expected to be promoted in 2024 has decreased from 12.3% in 2023 to 11.5%.• Performance bonuses could be paid at-target or above-target in 2024.• Deloitte suggests organizations are moving towards a scientific approach to upskilling their workforce using a common skills framework.#economictimes #increment #india #appraisals https://lnkd.in/g6fE9EkK

    Average increment in India expected to slip to 9% in 2024, says Deloitte survey economictimes.indiatimes.com

    7

    1 Comment

    Like Comment

    To view or add a comment, sign in

  • Vikram Verma

    Category Manager @ G-Next | MSMS, Retail Merchandising

    • Report this post

    #Mumbai #Delhi #CEO #Salary #Money #Company #IndianStartupNewsIndian CEOs are raking in the big bucks! According to the latest @DeloitteIndia Executive Performance and Rewards Survey 2024, the average salary of a CEO in India has skyrocketed to a staggering ₹13.8 crore, marking a whopping 40% increase from pre-COVID times.What's even more intriguing is that more than half of this hefty package comprises short-term and long-term incentives, tying a significant portion of their compensation directly to company performance. #PayForPerformanceThe numbers get even more eye-popping for CEOs who double as promoters or belong to the promoter family, with their average salary clocking in at a jaw-dropping ₹16.7 crore. #FounderBenefitsBut it's not just about the numbers. The survey sheds light on a growing trend among #IndianCorporates to align themselves with global compensation practices, placing greater emphasis on performance shares and multiple incentive plans tailored to different employee groups.Interestingly, professional CEOs have a higher percentage (57%) of their salary tied to performance compared to their promoter counterparts (47%), reflecting a stronger link between pay and results. #SkinInTheGame #ExecutiveCompensationAs India's business landscape continues to evolve, it's clear that CEOs are being handsomely rewarded for driving growth and delivering results, ushering in a new era of performance-driven compensation models.#CorporateIndia #ExecutiveRewards #PerformanceMatters #BigPaydaysAhead

    • CXO salary surge in India amid pandemic | LinkedIn News India posted on the topic | LinkedIn (38)

    1

    Like Comment

    To view or add a comment, sign in

CXO salary surge in India amid pandemic | LinkedIn News India posted on the topic | LinkedIn (40)

CXO salary surge in India amid pandemic | LinkedIn News India posted on the topic | LinkedIn (41)

7,467,252 followers

View Profile

Follow

More from this author

  • LinkedIn Top Startups 2024: The 20 Indian companies on the rise LinkedIn News India 1w
  • Building a career in social impact; Startups targeting Tier 2 and 3 cities; and more. LinkedIn News India 2w
  • India's space tech boom: Startups, skills in demand, and more LinkedIn News India 1mo

Explore topics

  • Sales
  • Marketing
  • IT Services
  • Business Administration
  • HR Management
  • Engineering
  • Soft Skills
  • See All
CXO salary surge in India amid pandemic | LinkedIn News India posted on the topic | LinkedIn (2024)
Top Articles
Latest Posts
Recommended Articles
Article information

Author: Melvina Ondricka

Last Updated:

Views: 5636

Rating: 4.8 / 5 (68 voted)

Reviews: 83% of readers found this page helpful

Author information

Name: Melvina Ondricka

Birthday: 2000-12-23

Address: Suite 382 139 Shaniqua Locks, Paulaborough, UT 90498

Phone: +636383657021

Job: Dynamic Government Specialist

Hobby: Kite flying, Watching movies, Knitting, Model building, Reading, Wood carving, Paintball

Introduction: My name is Melvina Ondricka, I am a helpful, fancy, friendly, innocent, outstanding, courageous, thoughtful person who loves writing and wants to share my knowledge and understanding with you.