What are the salaries of CEOs and Directors in Indonesia?

chief executive officer or CEO is a pretty high position afterfounderor owner. Although, there are some companies that fill the position of CEO and CEO owner with only one person. However, are you curious about how much is the salary of a CEO in Indonesia?

This salary issue is also often a curious thing for anyone, because knowing how much a profession's salary is can project how high the position or position is. job desks being worked on.

You also need to know that the use of the word CEO in Indonesia is usually only applied to start-up companies or companies startup. Meanwhile, director as a pronoun CEO is used in conventional companies or corporate.

So, instead of being curious, let's find out how much is the salary of a CEO or director in Indonesia! Check out the following explanation!

What is the salary of a CEO in Indonesia?

CEO position in a company startup usually will have the task to carry out the vision and mission of the company he manages, not infrequently the CEO will also oversee the finances to the operations of the company's human resources, ensuring everything goes according to budget.

With responsibilities and tasks that are quite large, reported from OCBC NISP CEO salaries in Indonesia in 2021 could reach IDR 130 to IDR 250 million per month. So in a year, the CEO will get an income of IDR 1,5 to IDR 3 billion. Wow, big numbers for an income.

However, the amount of the salary is also adjusted to the startup and the company, usually the CEO salary mentioned above is a CEO who works in a companystartupunicorn. 

In Indonesia alone in 2021 already has 12 unicorn startup, including:

• Goto
• Traveloka
• Bukalapak
• Egg
• JD.id
• Blibli.com
• J&T Express
• Kredivo
• Xendit
• Wonderful
• Memories Coffee

If, you notice also between 12 unicorn startup it is mostly related to E-commerce. So, you can say growth E-commerce Indonesia is quite high and it's no wonder the CEO ball in unicorn startup Indonesia can get a salary of hundreds of millions per month.

What is the salary of a director of an Indonesian company?

In contrast to startups led by CEOs, as previously mentioned, companies corporate or conventionally led by a director. You also need to know if the director is part of a board of directors. Thus, in the company corporate in Indonesia they will usually have several directors in a board of directors.

This director is also often referred to as commissioner, or executive. So, do directors and CEOs in Indonesia have the same salary? Let's see the results!

Quoted from CNBC salaries for directors or directors of state-owned enterprises or state-owned enterprises are as follows:

1. PT Bank Mandiri Tbk

PT Bank Mandiri has 12 directors with a total remuneration of Rp428,37 billion. The average individual remuneration is IDR 5,95 billion per month.

2. PT Bank Rakyat Indonesia Tbk

PT Bank Rakyat Indonesia has 12 directors with a total remuneration of Rp365,36 billion. The average individual remuneration is IDR 5,07 billion per month.

3. PT Telekomunikasi Indonesia Tbk

PT Telekomunikasi Indonesia has 9 directors with a total remuneration of Rp240 billion. Thus, the average individual remuneration is IDR 4,4 billion per month.

The meaning of the word remuneration is the total of salary, benefits, bonuses, and long-term employee benefits. The average remuneration value is also calculated by dividing the total remuneration according to how many boards of directors there are in the company, then also dividing it over a period of six months.

Of course there will be a salary difference between a CEO and a director of a company corporate in Indonesia, because in the form of the company there will also be differences. It is true that the salaries of Indonesian CEOs and company directors corporate very big and tempting, but behind it all there is a big responsibility and burden that you must bear.