2024 Executive Reward Report: Summary of findings

We have recently released our Executive Reward Report for 2024. This is our fifteenth annual survey, including remuneration data from 146 predominantly private sector companies on more than 2,500 CEO and executive roles.

In summary:

•  The fixed annual remuneration (FAR) median movement for same incumbents (employees in the same role, in the same company as in the 2023 survey) was 4.3%, which was lower than the 5% median movement in 2023.
•  Twelve percent (12%) of same incumbents did not receive an increase to fixed pay.
•  Sixty-seven percent (67%) of executives (CEOs, executives and third tier roles) received an STI payment this year (this compares to 70% in the 2023 survey).
• The median STI payment received across the database was $57,300, a slight decrease compared to last year’s median of $59,000.
•  The median same incumbent total remuneration movement has decreased year-on-year, with a median movement of 4.8%, compared to 7.4% in our 2023 report.
• Year-on-year, the aggregated total of negative movement and no change to total remuneration levels was 23% this year, higher than the levels in 2023 (18%).
•  The median projected fixed pay increase for CEOs was consistent with our 2023 findings, at 4.0%. The median forecast fixed pay movement for executives, middle management and general staff was 4.0% (2023: 5.0% for all three categories).
• Share rights plans and variations thereof were the most prevalent LTI structure (92%), with relative total shareholder return (rTSR) utilised in isolation (or together with another metric) remaining the most common performance measurement approach.

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

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