Coronavirus Impact: India Inc to go soft on executive appraisals
Officials said 2021 will be a better year for corporates but many of the business priorities and goal posts will have to be shifted, keeping the pandemic in mind.
Synopsis
With some sectors recovering much faster than others, experts said top executives of some companies may get decent salary increases while some others may have to take a pay cut.
Mumbai: Company boards are taking a more sympathetic view of executive performance for 2020-21, measuring it on a relative and not absolute basis, even as corporates expect a wide sector-to-sector variation in CEO/CXO compensation in the next fiscal due to the pandemic impact.