Aon | India | Executive Compensation Survey 2011-2012

Aon Hewitt recently completed the Aon Hewitt India Executive Compensation Survey 2011-2012. This survey was conducted between August and December 2011. Over this period, data was collated from 163 companies across a set of more than ten industry clusters and ownership definitions. Companies reported data for their Chief Executives and direct reports to the CEO, across a variety of functions and roles.

The study this year has two distinct differences – firstly, the acceptance of a pan industry executive compensation study has grown. This is reflected in the fact that our participant list has more than doubled from 60 organizations last year to 163 this year. Secondly, the focus of the study was to analyze the drivers of executive compensation data than just the actual numbers. The focus was to try and understand the method and the science, if any, that guides decisions on executive pay in India. The report focuses on the pay data and provides an overview of the market ranges on executive positions across different compensation anchors across industries and ownership types.

The Aon Hewitt India Executive Compensation Survey report has the following analysis:

1. Summary: Key findings and commentary on executive pay

  • Executive pay in India is converging with global pay levels
  • Industry fundamentals drive pay quantum
  • Ownership pattern and its direct linkage to executive pay
  • The relative importance of performance in overall pay delivery
  • Benefit practices present a uniform picture
  • The absence of clarity on the " why" of executive compensation

2. Overview: Summarized data analysis across 163 companies (first of its kind detailed analysis including Long-termIncentive)

  • Overview of data (all 163 companies) : Positional analysis on total fixed pay, total cost to company, total cost to company with LTI
  • Overview of data (across different scope cuts) : Median positional analysis on key anchors for different scope cuts (revenue size, employee size, sectors, ownership)
  • Benchmark position analysis : Detailed analysis on each position (across all 163 participants)

3. Benefits analysis: Benefits analysis across all 163 participants

4. Long-term incentive analysis

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