Sewickley, PA (PRWEB) March 25, 2013
According to the 2012 edition of the Survey of Executive and Administrative Assistants the median total cash compensation for assistants to CEO's nationwide is currently $111,300. The survey, in it's 21st edition, is conducted annually by EHResearch Data Services, LLC.
This is the fifth consecutive year total cash compensation over $100,000 is reported for the nation's top administrative support. The prevalence of bonuses paid for all assistants reported in the survey has risen to 65%.
Assistants average 16 years of service with their company and senior-most CEO assistants' tenure average slightly higher with 20.5 years. Of those reporting education levels, 24% of the assistants have received a 4-year degree or higher.
The median revenue for companies in the report is $9.8 billion in 2012. Size is an important factor in relation to pay as there continues to be a substantial difference in CEO assistants' pay between the larger half of the survey population (companies with revenue of $12 billion and up) vs. the lower half. This separation is a trend identified in 2008 and continues today.
For the past 21 years, this research report has focused on the pay of executive assistants serving senior executives at the Fortune 1000 and other companies in the billion-dollar-plus category. The senior executives they support are paid at the $200,000-and-up salary level and are typically within three reporting levels below the CEO. The assistants to these executives - and especially, Assistants to the CEO - stand apart from their counterparts typically found in support staff or nonexempt surveys.
This year's survey covers over 1,100 job incumbents at 79 major US corporate headquarters, an increase from 2011 in both the number of incumbents reported and the number of companies participating. Data is reported on 27 assistant positions as well as all assistants by level from the CEO (up to 3 levels).
"This report is unique, not only in the jobs studied, but the pay prediction model we provide to our readers." According to EHResearch president Rodney Cottrell, "this report differentiates from others in knowing that the difference in pay can be measured and explained with some degree of accuracy based upon a set number of factors."
In addition to the general facts found above, the survey contains detailed information and analysis on policies and practices, prevalence of dedicated assistants, FLSA exemption practice, stock option and equity practice, and pay prediction models.
EHResearch Data Services, LLC conducts research for corporations and associations and administers custom pay surveys, as well as advising select compensation consulting firms in various aspects of compensation and benefits data. EHResearch Data Services, LLC is located in Pittsburgh, Pennsylvania. EHResearch is owned by Corporate Compensation Partners, LLC (http://www.corporatecomp.com), a compensation management consulting firm located in Pittsburgh, Pennsylvania.