2023-06-19 00:01:08
Inflation has pushed many employees to demand wage increases, and many companies to grant them. Executives are no exception. According to the Association for Executive Employment (Apec), 57% of executives benefited from a collective and/or individual increase in 2022. This is 11 points more than in 2021, and 9 points more than in 2019, before the Covid crisis.
The median gross annual compensation (fixed + variable) of executives in France thus stood at the end of 2022 at 52,000 euros, an increase of 2% over one year, according to the study carried out based on the responses of 13,000 executives questioned by the Apec. Two reasons have motivated companies to change the remuneration of their executives, according to the association: inflation, but also “ever more significant” recruitment difficulties.
This progression on the part of augmented managers concerns all profiles. It was stronger among young people (67% of those under 35 and 61% of those aged 35-44). Industry remains the sector where executives are best paid, with a median salary of 58,000 euros.
Persistent gender inequalities
Behind this general picture, Apec stresses, however, that women executives are not in the same boat as their male counterparts. Admittedly, the proportion of women who received a raise in 2022 has increased sharply (+10 points over one year), but less than men (+11 points). Above all, only 54% of female executives received a raise (62% of young people), compared to 59% of male executives (70% of young people).
Result, with “equivalent profile and position”, Apec affirms that the men earned 7.1% more than their female colleagues. This wage gap is relatively stable: it has fluctuated between 7 and 8% since the association’s measures began in 2014. It is also greater among executives at the end of their careers, with men over 55 earning 10 % more on average than their female counterparts.
Quoted in a press release, the director general of Apec regrets a “distressing” observation. “Talking about it, making laws, setting targets and indexes is good, but… that’s clearly not enough, we have to act stronger and faster! “, he notes.
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