In addition, 68% of participating companies deliver bonuses to the CEO while 60% of companies deliver it for a mix between company objectives and performance, 30% for company results and 10% for objectives. .
Depending on the size and turnover of the company, Their salaries can range from seven to 41 million pesos. Among the companies that invoice 5 billion pesos annually, The average salary of the CEO monthly is $10,011,210while this figure amounts to $16,702,378, when companies invoice between 5 billion and 45 billion pesos annually.
This arises from a report by Adecco Argentina, who also determined that in Heavy industry has the highest salaries for CEOs.
“In recent years, inflation generated a lot of uncertainty about salary adjustments in general, and especially about positions that are outside the agreement. In this context, hThere is one position in particular about which not much information is published and it is that of the company CEO.. Depending on the size, industry and turnover of each particular company, the salary of the highest authority of “A company can range between 7 and 41 million pesos per month.”they explained.
At the industry level, if the cases are observed according to the industries, it is noted that: in the industry lightthe average salary of the CEO is $11,427,642, in the heavy industry (the one that pays the highest compensation to the CEO), the average salary is $25,569,600, in Retail of $14,375,645, in Services of $13,146,454, and in Technology at $11,999,443.
Regarding the bonuses, 68% of participating companies provide bonuses to the CEO, and the most frequently repeated value is 2 salaries. In turn, 60% of companies deliver it for a mix between company objectives and performance, 30% for company results and 10% for objectives and competencies.
“The majority of CEOs receive bonuses related to the company’s results and their own performance. In all the cases mentioned, the beneficiaries receive the bonuses in pesos,” they closed.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
