CEOs and CXOs in India to get 6% pay hike in 2021: Aon survey

Senior executives in India are likely to get a 6% salary increase in 2021, according to the latest Aon survey. Aon plc, a global professional services firm has released insights from its 10th executive rewards survey in India that covers 504 companies from more than 20 industries. The findings of the survey further highlight that the impact of Covid-19 pandemic on executive pay is less severe than the 2008-09 global financial crisis.

Excluding long-term incentives (LTI), the median CEO compensation in India ranges from Rs 15 crores for owner-promoter CEOs to Rs 3.63 crores at the Indian private companies. The sum of variable pay and LTI as a percentage of total compensation is 52% of CEOs in India compared to 87% for CEOs in the U.S.