India county Coal Waves CEO Gap India county Coal

CEOs pay packages rose to 11.81 crore during first wave of Covid-19 : Report

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₹11.51 crore in (FY19) before the pandemic to ₹11.81 crore in (FY21--the first wave of the Covid-19 pandemic). However, the salaries of median employees are still down 0.5% from their pre-pandemic level, the financial daily stated.

As per the analysis, a company's CEO drew a salary of ₹11.81 crore in 2020-21 when the salary of a median employee was ₹6.4 lakh.

The analysis is based on a common sample of 76 companies from the Nifty 100 index. The daily highlighted that the earning gap between top management and regular employees was more pronounced in Divi's Laboratories wherein the CEO's compensation in 2020-21 was ₹80.84 crore while the median employee salary stood at ₹4.5 lakh.

Whereas, Coal India has the least income equality with the CEO salary at ₹63.82 lakh in FY21 and the median employee salary at ₹17.14 lakh.

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