2024 Executive Performance and Rewards Survey Report / Báo Cáo Về Khen Thưởng Và Hiệu Suất Điều Hành Hàng Năm 2024

THÔNG TIN CHI TIẾT

Key highlights from Deloitte India’s 2024 executive performance and rewards survey

Average CEO compensation in India stands at INR 13.8 crore, up 40 percent compared with pre-COVID times. The number of CEOs earning more than INR 20 crore in target total compensation doubled over the past four years. Over 50 percent of overall CEO compensation is at-risk (linked to short-term and long-term incentives).

Across CXO positions, promoter CEO-to-CXO compensation ratios are higher than professional CEO-to-CXO compensation ratios. COOs and CFOs are the next highest-paid executive positions after the CEO. These roles are followed by the CHRO, business and legal heads, and CIO roles.

About 45 percent of S&P BSE 200 companies (excluding PSUs) witnessed a change in their CEO incumbent over the past five years. Almost six of every 10 new CEOs have been internal promotees (largely Deputy MDs/BU heads/COOs), while the rest have been hired externally.

Companies assess CEO performance holistically but largely link only financial performance to incentives. More companies are moving away from a pool-based approach to a targetbased approach to annual incentives, particularly in the financial services sector due to the requirements proposed by RBI and IRDAI.

The prevalence of stock options or ESOPs dropped from 68 percent to 49 percent over the past five years despite more companies using LTI. We find that larger companies with more mature compensation practices are adopting performance shares faster, in line with global best practices.

https://www2.deloitte.com/in/en/pages/human-capital/articles/deloitte-india-executive-performance-and-rewards-survey.html

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