Nearly half of India Inc top bosses earn over 100 times their staff pay

Nearly half of India Inc top bosses earn over...

AI summary

Nearly 45% of top executives at BSE 500 companies earn over 100 times their median employee's pay, a significant rise from 40% in FY20. This widening disparity is driven by performance-linked compensation structures and intense competition for leadership talent, despite minimal growth in broader employee wages.

Key takeaways

  • Executive pay at BSE 500 firms rose 38% while median employee wages grew only 1%.
  • Variable compensation now constitutes at least 60% of executive pay, up from fixed salaries.
  • Shareholders and proxy advisors are increasingly scrutinizing rising executive remuneration decisions.
  • Family-run businesses exhibit wider pay gaps compared to professionally managed multinationals.

Read the original at Mint

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