News: Younger CEOs paid more in India than US

#Updates

Younger CEOs paid more in India than US

According to a study by global recruitment firm Randstad to compare the differential that exists between salaries of Indian CEOs vis a vis their western counterparts reveal that younger Indian CEOs may have stolen a march over their global peers in the salary sweepstakes but overall, Indian CEO salaries are substantially lower than their international counterparts. The average annual salary for an Indian CEO below the age of 50 years now stands at Rs 7.9 crore as compared to Rs 7.3 crore that American corner office occupants earn and Rs 7.8 crore pocketed by European bosses. However, the trend of promoter CEOs earning more than professional CEOs is not restricted to the younger lot. Across India Inc, promoter CEOs earn 53 percent higher than professional CEOs, the study revealed.

According to a study by global recruitment firm Randstad to compare the differential that exists between salaries of Indian CEOs vis a vis their western counterparts reveal that younger Indian CEOs may have stolen a march over their global peers in the salary sweepstakes but overall, Indian CEO salaries are substantially lower than their international counterparts. The average annual salary for an Indian CEO below the age of 50 years now stands at Rs 7.9 crore as compared to Rs 7.3 crore that American corner office occupants earn and Rs 7.8 crore pocketed by European bosses. However, the trend of promoter CEOs earning more than professional CEOs is not restricted to the younger lot. Across India Inc, promoter CEOs earn 53 percent higher than professional CEOs, the study revealed.

Source: The Economic Times

Topics: #Updates, #TotalRewards, Compensation & Benefits

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