Top whack
Big country, big pay cheques
WHERE does a senior manager cost most? Brazil, according to the Association of Executive Search Consultants (AESC), a trade body. Two recent surveys, one by the AESC and the other by a Brazilian headhunter, Dasein Executive Search, found that chief executives and company directors earned more in São Paulo, Brazil's business capital, than in New York, London, Singapore or Hong Kong (see chart). The surveys compared base salary, but bonuses in Brazil are generous too, says David Braga of Dasein. And the comparison understates the cost of hiring in Brazil: its payroll taxes are among the world's highest.
This article appeared in the The Americas section of the print edition under the headline "Top whack"
From the January 29th 2011 edition
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