Median salary for the MD/CEO expected to increase by 10% in 2014: Hay

Global management consultancy firm, Hay Group, released the annual Top Executive Compensation Report 2013-14, which finds that compensation of CEOs and MDs in India is expected to grow by 10 per cent in 2013-2014, an increase over 9 per cent in 2012-13. Top executives, part of the senior management team, are set to see a 10.4 per cent increase in their pay, up from 9.5 per cent last year. Hay Group's Top Executive Compensation Report 2013-2014 provides a comprehensive analysis of compensation practices for top executives in Indian organizations.

Read the Economic Times news report here.