(PRWEB) January 28, 2014
Compensation Resources, Inc. (CRI) has released the results of its 2013 Executive Compensation Survey of Privately-Held Companies. 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 53 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
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.
A majority (62.0%) of the 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. Approximately 44% of the survey respondents also reported that their company pays their executives on average with their competitors, whereas, only 10% of companies pay above their competitors. The average target annual incentive award for the Chief Executive Officer is 63.3% of base salary, with the Chief Operating Officer and Chief Financial Officer having average target awards of 59.6% and 47.3% of base salary, respectively. Also, just over half of all respondents indicated that their CEO, COO, and CFO are eligible for long-term incentives.
For more information on ordering this survey, please contact Andy Sellers, Data Services Manager, 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.