2020 Executive Reward Report: Summary of findings

We have recently released our Executive Reward Report for 2020. This is our eleventh annual survey and includes remuneration data from 142 predominantly private companies on more than 2,000 executive roles. Roles covered include four CEO/Subsidiary CEO positions, 33 executive direct report roles (e.g. CFO, GM IT) and 35 third tier positions.

In summary:
  • The fixed annual remuneration (FAR) median increase for same incumbents (people in the same job as last year) was 2.5% (slightly down on the 2019 median movement of 2.9%).

  • Seventy percent (70%) of executives received an STI pay-out, compared to 2019 levels of 65%.

  • The median STI payment received across the database was $54,700.

  • The median total remuneration remained consistent year-on-year, at 4.2%.

  • Thirty one percent (31%) of same incumbents received no increase or had a negative movement in total remuneration year on year.

  • The forecast median movement to CEO and executive pay was nil (0.0%) for the next 12 months, with several companies suspending their salary reviews for both CEOs and executives as a response to the challenges of the COVID-19 pandemic.

  • As in prior years, share rights plans (or variations) were once again the most prevalent LTI structure (75%). 

  • Following the bedding down of the 2018 employee share scheme (ESS) tax legislation – the primary response from the market has been a move away from the use of share and loan/share, loan and bonus schemes, towards performance share rights.

Please contact one of our team for more information on the survey findings and trends in CEO and executive reward.

The full report is only available for purchase by participating companies. You can submit data at any point in the year to purchase the next survey.


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Chris Place

Chris Place

Partner, PwC New Zealand

Tel: +64 21 221 6187

Tanya Giles

Tanya Giles

Director, PwC New Zealand

Tel: +64 21 608 122