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Mind the gap: Avg top executive earns over 240 times median staff pay

Median employees in most sectors earn less than Rs 10 lakh per annum

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The average top executive now earns 241.2x the median employee compensation, reveals an analysis of data from tracker PRIME Infobase

Sachin P Mampatta Mumbai
Chief executive officers (CEOs), managing directors (MDs), and other company top executives have widened the gap in pay between themselves and their employees.

The average top executive now earns 241.2x the median employee compensation, reveals an analysis of data from tracker PRIME Infobase.

This figure for 2021-22 (FY22) is higher than the pre-pandemic year (2018-19, or FY19) when the ratio had hit 218.

The ratio declined to 191.8 in 2019-20 but has been rising since.

The average top executive compensation exceeded the FY19 levels of Rs 10.3 crore. It has now touched Rs 12.7 crore, or a monthly compensation of

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First Published: Dec 27 2022 | 9:58 PM IST

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