News: India to lead pay hike chart in Asia - Mercer Survey

#Updates

India to lead pay hike chart in Asia - Mercer Survey

According to Mercer’s 2011-12 Asia Executive Remuneration Survey – India Report, Indian heads of organizations are expected to get the best salary hikes of 8.3 percentage much better than most of their Asian counterparts. The findings from Mercer's study said that 83 percent respondents rated retention of executive talent and succession planning for executives as top talent issues for most Indian companies. This was followed by leadership development for executives, which was pointed out by 68 percent respondents.

According to Mercer’s 2011-12 Asia Executive Remuneration Survey – India Report, Indian heads of organizations are expected to get the best salary hikes of 8.3 percentage much better than most of their Asian counterparts. The findings from Mercer's study said that 83 percent respondents rated retention of executive talent and succession planning for executives as top talent issues for most Indian companies. This was followed by leadership development for executives, which was pointed out by 68 percent respondents.

The study points out that there exists an evident need for companies to explore innovative ways to manage and reward executive talent. Increasingly, companies are opting for more flexible pay structures which can be adjusted based on business performance. Short-term incentives (STIs) as well as long-term incentives (LTIs) are also emerging as strong tools for companies to recognize performance of top executives. At the same time progressive companies in India are now trying to link well-defined performance parameters with incentive payouts to recognize and reward performance.

Source: The Economic Times

 

Topics: #Updates, #TotalRewards, Compensation & Benefits

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