Executive pay rises have started to align with levels for other employees, according to research by Towers Watson.
Findings from its Executive pay pulse survey and 2012 UK top executive survey, which gathered data from 150 large listed companies at the end of 2012, found that base pay increases for executives will be around 3% this year. This is similar to the last few years.
Executive bonus levels for 2012 will also remain similar to 2011, with executive bonuses coming in below target.
Long-term incentives, however, have held up better than base pay and bonus levels, due to the long-term nature of the reward.
Similar or slightly higher vesting levels were seen in 2012 compared to 2011.p