A recent survey conducted by executive compensation consulting firm Pearl Meyer provides some helpful insights into how many companies are adjusting their executive compensation packages these days.
According to the Pearl Meyer benchmark survey, 51 percent of 389 respondents—86 directors and 303 employees—said that they’ve already adjusted executive salaries in 2020, while 49 percent indicated that salaries have not yet been adjusted in 2020. Among those where pay actions have not yet occurred, 45 percent of 2020 pay actions will have taken effect in April and others will take effect in May. The remaining 55 percent of these respondents said they’ll occur later in 2020.
