News: Salaries go up by 25-30% for senior executives

#Current

Salaries go up by 25-30% for senior executives

Six months into the new financial year, the warm glow of a positive job market is being felt across company hierarchies. Pay packets have gone up in new jobs, while sign on bonuses and guaranteed stock options have made a comeback. Senior executives are increasingly agreeing to have a higher variable pay attached to sector performances, which reflects a confidence in the months to come. A 25% to 30% pay increase for senior management is already a reality in the infrastructure and e-commerce space, while last year, there were barely any openings here, says Atul Vohra, managing partner of search firm Transearch India.

Six months into the new financial year, the warm glow of a positive job market is being felt across company hierarchies. Pay packets have gone up in new jobs, while sign on bonuses and guaranteed stock options have made a comeback. Senior executives are increasingly agreeing to have a higher variable pay attached to sector performances, which reflects a confidence in the months to come. A 25% to 30% pay increase for senior management is already a reality in the infrastructure and e-commerce space, while last year, there were barely any openings here, says Atul Vohra, managing partner of search firm Transearch India.

Read the Economic Times news report here.

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

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