While Indian law is clear on the unenforceability of a non-compete clause operating beyond the term of employment, companies still include it in contracts, particularly for senior executives, as its seen as a soft deterrent, said Jay Parikh, partner at Luthra and Luthra Law Offices. Employees would rather comply than bear litigation costs and carry the burden of being sued by their previous employer.
It added that in the last four years, the number of CEOs earning more than Rs 20 crore has doubled.
The survey titled Deloitte India Executive Performance and Rewards Survey 2024 , based on the analysis of 400 organisations (except public sector companies), said that 75 per cent of all CEOs in India now earn more than Rs 5 crore annually.
This was 66 per cent in 2020.
Indian CEOs | Indian CEOs average salary at Rs 13.8 crore, up 40 per cent compared to pre-COVID-19: Deloitte report telegraphindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telegraphindia.com Daily Mail and Mail on Sunday newspapers.
Indian CEOs average salary at Rs 13.8 cr, up 40% compared to pre-covid: Deloitte report newindianexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newindianexpress.com Daily Mail and Mail on Sunday newspapers.
CEO compensation surged in 2024, with median pay at Rs 9.3 crore and average at Rs 13.8 crore. Promoter CEOs earned more than professionals, and long-term incentives play a significant role in compensation structures.