Nearly half of India Inc top bosses earn over 100 times their staff pay
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
Community discussion (0)
No comments yet. Start the discussion.
Please log in to join the discussion.