Upper Saddle River, NJ (PRWEB) November 14, 2011
Compensation Resources, Inc. (CRI) has released the results of its 2011 Executive Compensation Survey of Privately-Held Organizations. The purpose of this study was to obtain compensation data of twelve key executive positions from privately-held companies of all sizes. Data was collected between July and August and results were compiled from survey questions that were developed by CRI and distributed to companies in all industrial classifications, broken down among 10 categories. There were 71 organizations that participated in this study.
Jobs included in the survey:
- Chief Executive Officer - Chief Operating Officer
- Chief Financial Officer - Chief Legal Officer
- Chief Information Officer - Chief Sales Officer
- Chief Marketing Officer - Chief Sales/Marketing Officer
- Head of Long-Range Planning - Chief Human Resources Officer
- Head of Manufacturing - Controller
Along with base salary and incentive information, this survey also reports the prevalence of various programs and practices relative to executive compensation, covering annual incentives, long-term incentives, various perquisites, supplemental benefits, and agreements.
CRI’s own compensation studies have shown that since 2009, the salaries have increased from 4% to 31%, with the top 3 executive positions averaging a 19% increase. From the 2010 study to our most recent study, the overall average among all positions is a 7% increase, with the top 3 positions averaging a 10% increase.
Half of all respondents reported having a formal compensation philosophy at their company. Typically, a compensation philosophy defines a company’s position on pay and is utilized for development of its compensation programs. Survey respondents reported that the majority of the executive positions sampled are eligible for short-term incentive compensation. The majority of respondents (78.3%) report that short-term incentive awards are awarded in consideration of the executive’s performance.
For more information on ordering this survey, please contact Andy Sellers, Manager of Surveys, at (201) 934-0505 x115 or visit http://www.CompensationResources.com.
About Compensation Resources, Inc. (CRI): CRI provides compensation and human resource consulting services to mid- and small-cap public companies, private, family-owned, and closely-held firms, as well as not-for-profit organizations. CRI specializes in executive compensation, sales compensation, pay-for-performance and incentive compensation, performance management programs, and expert witness services.
Paul R. Dorf, APD
Compensation Resources, Inc.
877-934-0505 • Fax: 201-934-0737