New Delhi: As companies seek to retain their best taken employees amid a global economic slowdown, they have hiked the pay and perk of top-level executives in India by about 70 percent in the past four years, show a study.

Showing a better trend in remuneration and other benefits for the top-level executives, staff salaries across the board have risen by an average of 50 percent during the same period, as per executive search firm MANCER Consulting.

"This clearly shows that companies are interested in keeping their top level management, to strengthen strategic decision making," MANCER Consulting CEO Satya D Sinha said.

Another executive search firm Lighthouse Partners' Managing Partner Rajiv Burman said: "The companies have increased on the perks for top management because in these difficult, slow growth times, companies need to have the best talent, earlier in high growth times, even an average performer could deliver, this is not true anymore."

As per analysts, these trends have been witnessed across sectors like banking, healthcare, FMCG and IT.

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