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The 2023 CXO Increments Survey
Report
IMA’s 2023 CXO
Increments Survey Report presents an
analysis of trends in increments and
people costs in FY23 (actual) and FY24
(projected). About 200 organisations
across sectors and of varying sizes and
ownership participated in the survey,
which was conducted in February 2023. The
report provides inputs on parameters such
as overall compensation budgets,
determinants of Increment decisions,
delta-to-market, and increments across
levels.
The report helps to:
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Identify
trends in salary
increments across management levels
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Understand
how the
compensation budgets are likely to
change |
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Establish
benchmarks for
compensation to executives based on
leading industry practices and
detailed peer comparisons |
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Develop
genuine forecasts to
optimise costs and budgets |
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Recognise
salary increment
differentials across executive
levels |
The report aims to offer actionable
inputs for CHROs and other decision makers
towards salary-related decisions for the
current and next financial year, and
covers the following parameters:
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Total People
Cost (CTC): Average CTC trend
in FY23 and FY24; Change in people costs
by sector, ownership, orientation,
industry, revenue/PAT growth and company
size.
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Factors
Determining Increments Key
determinants of increments by sector,
ownership, orientation, industry,
revenue/PAT growth and company size.
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Delta over Market Average
CXO pay compared to industry/peer-set and
splits by sector, ownership, orientation,
industry, revenue/PAT growth and company
size. |
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Pay Increments : Average
increments planned for FY23 and FY24 for 14
top and senior management positions;
Increments trend by fixed pay and CTC for
FY23 and FY24; Increments to CTC ratio for
each management level and 7-way
cross-tabulated. |
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Compensation budgets and Increments data
is presented for 14 top and senior
management positions (Chief Executive
Officer (CEO), Chief Financial Officer
(CFO), Chief Human Resources Officer
(CHRO), Chief Operating Officer (COO),
Business Heads (such as President) Chief
Marketing Officer (CMO), Chief Digital
Officer (CDO), Chief Information Officer
(CIO), Chief Technology Officer (CTO),
Chief Risk Officer (CRO), Chief Legal
Officer (CLO), Chief Growth Officer (CGO),
Chief Supply Chain Officer (CSCO), Chief
Sustainability Officer (CSO))
Detailed data splits are offered for each
parameter by sector, revenue, ownership
(foreign vs Indian), domain (manufacturing
vs services) and orientation (B2B vs B2C),
and revenue/PAT growth.
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| Price: 15,000 + GST
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| Preferential Fees for IMA Members
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| To check if your company participated and to avail of the special
price, please write to
us |
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The 2023 CXO Increments Survey Report is available
for sale.
Members of IMA’s peer group forums are
entitled to preferential fees.
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| IMA publishes in-depth reports on macroeconomic, industry and
thematic subjects as well as benchmarking studies on functional and
management issues. Click here to view all our reports. |
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© Copyright 2021, all rights reserved with IMA India Private Limited
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