Hiring CEOs becoming difficult after huge pay hike in FY22, says new report

Infosys CEO Salil Parekh saw his total pay jump by 43% to Rs 71.02 crore, the company's annual report showed

As compensation for India Inc CEOs hit a new high this year, a report in the Economic Times said that this increase is making it difficult and unsustainable for companies to hire senior leaders. According to executive search firms, companies, amid scarcity in leadership talent, are making counter offers to retain top executives who are getting offers from other firms. This, in turn, is making senior leaders reject offers that they had initially accepted.

This year, many companies increased the salary of their CEOs after recording strong profit and sales growth. While many CEOs took a pay cut or did