Executive bonuses hold up

Executive directors in FTSE 350 companies have not seen reduced bonus payouts, even though 70 per cent will not get a pay rise this year, according to a Deloitte report. More companies are now paying non-cash bonuses and are deferring portions of the bonus or placing clawback provisions. Deloitte said the typical bonus payout is now around two-thirds of the maximum bonus. <br /><br />Where there have been pay increases, they have averaged 3-4 per cent, rather than 6-7 per cent as in recent years. Deloitte said about a quarter of firms are changing performance measures.