INDIA INC

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• India Inc CXOs’ pay packets are getting fatter

  CEO compensation in India Inc is on the rise, with median pay reaching Rs 9.3 crore in FY24. The average CEO compensation has surged to Rs 13.8 crore, up 40% from previous levels. About three out of every four CEOs in India now earn more than Rs 5 crore, the survey has found. CEOs earning more than Rs 20 crore in target total compensation has doubled over the last four years. Every second CEO had a target compensation of more than Rs 10 crore in FY24, compared with every third CEO in FY20.

  

• India Inc may see average pay hike of 9% in 2024: AmbitionBox survey

  AmbitionBox's survey reveals Indian employers' 9% pay increment expectation in 2024. Despite economic concerns, employees show optimism, with some expecting significant hikes. The study emphasizes the importance of managing expectations and offering holistic benefits beyond salaries.

  

• India Inc upgrades may trump downgrades in FY25 too: Ind-Ra

  With private capex spends likely to increase, leverage may start showing signs of marginal deterioration. The proportion of ratings affirmation is likely to increase marginally.

  

• Hiring of women in C-suite roles going up: Survey

  Widening the talent pool, empowering women to access leadership roles and creating a more inclusive work environment, can drive better business outcomes, said experts.

  

• India Inc leans towards domestic arbitration for dispute resolution over lengthy litigations

  The survey by law firm Khaitan & Co shared exclusively with ET, showed that companies will use domestic arbitration for both small disputes (75%) and large disputes (85%) over any other dispute resolution mechanism.

  

• India Inc may give 9% average pay hikes in 2024, finds Deloitte survey

  One in every three organisations in the country plans to provide double-digit increments this year.

  

• Cyberattack is top concern for businesses in India: Aon Survey

  Companies that participated in Aon’s 2023 Global Risk Management Survey listed business interruptions and failure to attract or retain top talent as the other top concerns

  

• Women's Day 2024: India Inc should have more than one woman on its board, says Pernod Ricard’s CFO

  In a push for gender diversity, Richa Singh, CFO of Pernod Ricard India, calls for more women on corporate boards to foster inclusive growth in India Inc. Notably, according to the Companies Act of 2013, every listed company is required to appoint at least one woman director to their board.

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• 9.6% average salary increase for India Inc in 2024: EY Future of Pay 2024 report

  The second edition of EY's 'Future of Pay 2024' report predicts that India Inc will witness an average salary increase of 9.6% in 2024, similar to last year. Overall attrition fell to 18.3% in 2023, and it is expected to gradually decline further as companies prioritize cost management and employee well-being.

  

• India Inc behemoths lead private capex push, but is it enough?

  Earlier industry experts wanted the government to spend, now the gears have changed they want India Inc to spend. Large corporations have shown their commitments but India certainly needs private capex push. Here is my view.

  

• Salary hikes likely to remain flat this year

  Engineering firms and non-banking financing companies (NBFCs) are likely to give hikes of over 10%, according to Aon. This set is followed by automobiles, financial institutions, fast-moving consumer goods (FMCG), tech platforms & products, professional services and global capability centres (GCCs), where increases are seen in the 9.5-9.9% range. Key sectors that see increases slowing include ecommerce (to 9.2% from 9.6%), retail (8.4% from 9.2%), startups (8.5% from 9%), and tech consulting & services (8.2% to 9.1%).