A study carried out by global management consultancy Hay Group reveals that the difference in salaries between the core team (CEOs/MDs) and enablers (department heads and chiefs of business groups) is narrowing in India. It is now two times, down from about 3.5 times in 2012. “These are the trends seen across all industries,” says Hemant Upadhyay, managing consultant of Hay Group India. The report is based on the analysis of 2,610 jobs across 205 organisations from June 2014 to December 2014. “Earlier, we would typically see compensation in the form of an overseas trip or visits to a key factory. But now they are monetising the benefits,” says Upadhyay.
(This story appears in the 06 March, 2015 issue of Forbes India. To visit our Archives, click here.)