A new report shows what CEOs and other senior executives get paid as part of their short-term incentive bonuses.<\/p>\n
PwC\u2019s latest executive director\u2019s remuneration trends report highlights a degree of hypocrisy involved with rewarding executives that work for JSE listed companies \u2013 where salaries increase in sectors where returns have dropped.<\/p>\n
The report shows that the pay spectrum across the JSE, the median salary for executives has increased by 12% between 2014 and 2015 to R3.7 million, where CEOs saw the median salary jump by 10.7%, to R4.6 million, with the upper quartile seeing an 8% increase to R7.7 million.<\/p>\n
Read:\u00a0This is what CEOs and other top executives get paid in South Africa<\/a><\/strong><\/p>\n As part of this pay package, executives are often paid out a performance bonuse based on short-term targets.<\/p>\n Short-term incentives (STIs) are annual incentives intended to compensate executives for achieving the company\u2019s short-term business strategy based on achievement of goals set by the board\u2019s compensation committee.<\/p>\n These goals vary depending on the type and maturity of the business, particular company strategy, market conditions and other factors.<\/p>\n PwC noted that in global markets, it is becoming increasingly more common for companies to cap bonus pay to 100% of an exec’s guaranteed salary – this is not in effect in South Africa.<\/p>\n As such, executives have seen their short-term incentive pay increase by double digits (even triple digits in some cases) over the past year.<\/p>\n The tables below detail what South African CEOs, CFOs and Executive Directors get paid in STIs across large, medium and small cap companies.<\/p>\n These are the cars you can afford with your salary in South Africa<\/a><\/strong><\/p>\n What house you can afford to buy with your monthly salary in SA<\/a><\/strong><\/p>\n How your salary will change as you gain more experience in SA<\/a><\/strong><\/p>\n\n\n
\n Company<\/th>\n CEO STI (R’000)<\/th>\n YoY % Change<\/th>\n CFO\u00a0 STI (R’000)<\/th>\n YoY % Change<\/th>\n ED\u00a0STI (R’000)<\/th>\n YoY % Change<\/th>\n<\/tr>\n \n Large cap<\/td>\n 14 259<\/td>\n 16%<\/td>\n 6 595<\/td>\n 64%<\/td>\n 4 584<\/td>\n 69%<\/td>\n<\/tr>\n \n Medium cap<\/td>\n 6 567<\/td>\n 46%<\/td>\n 2 079<\/td>\n 6%<\/td>\n 4 444<\/td>\n 182%<\/td>\n<\/tr>\n \n Small cap<\/td>\n 1 320<\/td>\n -14%<\/td>\n 801<\/td>\n 2%<\/td>\n 780<\/td>\n -3%<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n More on salaries<\/h3>\n