Wondered how much CEOs earns? Average salary in India is…

Of this remuneration, more than half is linked to short-term and long-term incentives.

Updated on: Apr 9, 2024, 09:24:44 IST

By HT News Desk

Prefer HTon Google

Share via

Copy link

The 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 promoter family are paid ₹16.7 crore on average, the report said.

What about CEOs who are also promoters?

CEO salaries: What are the components?

As per the Deloitte report even though CEO compensation has increased, over 50 per cent of target compensation is 'pay-at-risk'. For professional CEOs, pay-at-risk at 57 per cent is much higher than for promoter CEOs at 47 per cent. Professional CEOs have 25 per cent of their target compensation delivered through long-term incentives like share-linked incentives.

How much is the growth in CEO compensation?

Read more: Tesla settles case over Autopilot crash that killed Apple engineer: What we know

According to Deloitte, CEO compensation in India has witnessed high-single-digit annualised growth rates as “the wide gap between median and average CEO compensation ( ₹9.3 crore versus ₹13.8 crore) indicates the wide range of compensation numbers and some outliers on the higher end.”

Moreover, it noted, “Large Indian companies with more mature and globally aligned compensation practices are pivoting towards Performance Shares and use of multiple incentive plans for different employee cohorts. Conversations in the boardroom have also shifted from the need for share-based payment to the return from these incentive structures to stakeholders,.”

ABOUT THE AUTHOR
HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.