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backGLOBALtalk July, 2012
Asian Firms Offer More Variable Pay than Western Firms
Asian companies are more likely to make changes to long-term incentive plans and increase pay-out targets in 2012.
Significant differences in executive pay practices between Asian firms and Western firms operating in Asia were identified by Mercer’s 2011/2012 Asia Executive Remuneration Snapshot Survey, which found that annual variable pay tends to be higher at Asian firms compared to Western companies. (Results of the survey are summarized in a Mercer report, Executive Compensation in Asia–Best Practices in a Dynamic Environment.)
The growing strength of Asian economies compared with their Western counterparts has been reflected in executive pay. In 2011, average executive salaries in Asia surpassed those in Europe for the first time. And they are on track to overtake those in the U.S., possibly by 2013, according to Mercer, a global HR consultancy. Along with rapid growth, leadership shortages and high inflation have helped boost executive pay in Asia, especially in China, India, Indonesia, Vietnam, the Philippines and Malaysia.
Aggressive Incentive Payments
Asian companies are providing more aggressive incentive payments—both short-term incentives (STIs) and long-term incentives (LTIs)—than Western companies based in the region, the survey found. For example, STIs make up 34 percent of the average Asian company CEO's pay package compared to 25 percent for a Western company.
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Source: SHRM - GAI
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