News: Infosys to match CEO salary with rival companies

Compensation & Benefits

Infosys to match CEO salary with rival companies

CEO pay has never been a topic of discussion at Infosys during its 33-year history because the job has always gone to founders whose shareholding in the firm compensated for their relatively low salary compared with industry peers. Now, as it prepares to hire its first non-founder CEO, the software company is ready to loosen its purse strings to attract the best talent. According to people familiar with the CEO search process, Infosys will match salary of the new CEO with the best paymasters in the industry, putting itself in a position to reach out to top IT executives who may be interested in the job but are skeptical about the willingness of the company to pay top dollar.

CEO pay has never been a topic of discussion at Infosys during its 33-year history because the job has always gone to founders whose shareholding in the firm compensated for their relatively low salary compared with industry peers. Now, as it prepares to hire its first non-founder CEO, the software company is ready to loosen its purse strings to attract the best talent. According to people familiar with the CEO search process, Infosys will match salary of the new CEO with the best paymasters in the industry, putting itself in a position to reach out to top IT executives who may be interested in the job but are skeptical about the willingness of the company to pay top dollar.

Read the Economic Times news report here.

Read full story

Topics: Compensation & Benefits, #Current, #Corporate, #TotalRewards

Did you find this story helpful?

Author

QUICK POLL

Post-COVID, which aspect of work will technology impact the most?

2 months free subscription
q_auto,f_auto/v1593523489/mag-july-2020.png

Subscribe to all new People Matters HR Magazine

.

Subscribe
And Save 59% plus Two months free

Subscribe now

Interested in daily dose of short & crisp insights from the world of work?