CXO pay in India inches close to that of US peers
global capability centres (GCCs) reward leadership with handsome base salaries, bonuses and stock options, executive search and hiring firms like EMA Partners, Insist Consulting, Michael Page, Randstad, Teamlease and Avsar said.
While US CXO salaries have grown by 15% between 2020 and 2024, Indian counterparts have seen a rise of nearly 40% in the same period, according to data from recruitment firms.
Although the difference between leadership remuneration is vast in absolute terms, when adjusted for purchasing power parity (PPP) and factors such as cost of living and inflation, the difference has narrowed, experts said.
Large companies have been outsourcing functional processes such as supply chain, financial analytics, human resources and payroll to India thanks to quality of manpower, cost control, process focus and other reasons for years now, but the US heads always had primacy. That’s changing with responsibility being shared more in the ‘2 in a box’ collaborative management model, said R Suresh, managing director of executive search firm Insist Consulting.
The boss of a GCC in India can get $1-1.5 million at the top end whereas a CXO in a multinational in the US can get paid $800,000-1 million at a $2-5 billion company.
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