Perks Unveiled – Take a Closer Look at Executive Compensation

Document created by 1002056 on Jun 10, 2015
Version 1Show Document
  • View in full screen mode

Recent News Articles

 

What’s on the Healthcare Change Menu for Employers? Plan Variety with a Side Salad

 

Recruiting is not rocket science, or is it?

 

Making the Case to Your Executive Team to Address High Employee Turnover

 

Perks Unveiled – Take a Closer Look at Executive Compensation

 

How to Identify The Hidden Leaders In Your Company

 

Get Ready For The "Fair Pay and Safe Workplaces" Executive Order.

 

CAI signs deal with HRCI: 12 Hours of credit to CAI members!

 

HR Lessons From the Garden

 

Ambush Elections, Micro voting units, Expanded Protected Activities: Preparing for an active NLRB

 

Restricting Transgender's Use of Restroom Found in Violation of Title VII - What Can You Do?

 

The Truth About Affirmative Action...

 

How to Quickly “Re-Charge” Your Batteries?

 

Are you Paying Enough to Attract and Retain IT & Engineering Professionals?

 

Attract Top Talent with Your Employee Value Proposition

 

Court Affirms Jury Verdict of $1.5 Million Plus in EEOC Lawsuit Against High Point Based Company

 

Broaching the Subject of Retirement with Employees

 

New FMLA Notices and Medical Certification Forms now in effect

sherry for newes.jpgExecutive level compensation is complex and hard to find, and rarely offered at no cost even with participation. CAI, however, co-sponsors the annual Employer Associations of America (EAA) National Executive Compensation Survey, making it easy for you to have access to this data. Results of the 2015 survey were recently released and are now available on CAI’s online store for purchase. More than 2,000 organizations participated from 20 employer associations, contributing data for about 12,800 executives. Nearly 190 employers in NC (greater Raleigh and Charlotte areas) participated, providing solid statewide representation. Every year, we see an increase in participation for this survey, proving the need for this specialized data.

 

Besides reporting several compensation measures by numerous breakouts for 47 executive level positions, this survey offers an entire section on executive level benefits, by manufacturing versus non-manufacturing and public versus private sector. For example, prevalence of long-term incentives, annualized target value as a multiple of base pay, prevalence of stock purchase plan, types of stock options, and retirement plans are all shown by JOB. Plus, prevalence of automobile benefits, special insurance, club memberships and legal/financial services are also provided. That’s right – EACH job gives a detailed breakdown of related perks. For example, how does a CEO and HR VP/SVP fare regarding compensation and perks provided? See the tables below, as provided from the recent 2015 report.

 

Chief Executive Officer

 

# Orgs

(central/eastern NC)

Average

Base Pay

Average

Variable Pay

Average

Total Cash Comp

136

$270,596

$167,390

$338,706

 

 

Mfg

Non-Mfg

Public

Private

Participate in Long-Term Incentives

13%

10%

33%

12%

Stock Purchase Plan

20%

16%

44%

17%

Vehicle Provided

25%

17%

17%

23%

Average Cost of Vehicle Provided

$49,444

$46,137

$45,011

$48,164

Additional Life Insurance Provided

32%

28%

25%

33%

Country Club Membership Provided

12%

8%

11%

11%

Income Tax Prep Service Provided

21%

11%

6%

18%

 

Human Resources VP/SVP

 

# Orgs

(central/eastern NC)

Average

Base Pay

Average

Variable Pay

Average

Total Cash Comp

40

$145,430

$45,053

$165,209

 

 

Mfg

Non-Mfg

Public

Private

Participate in Long-Term Incentives

15%

6%

31%

8%

Stock Purchase Plan

19%

9%

46%

11%

Vehicle Provided

7%

2%

0%

5%

Average Cost of Vehicle Provided

$40,340

$37,450

n/a

$39,436

Additional Life Insurance Provided

18%

10%

17%

14%

Country Club Membership Provided

3%

.4%

3%

1%

Income Tax Prep Service Provided

5%

.8%

0%

3%

 

Want to take some of the guess work out of executive compensation? Support CAI/EAA surveys and participate in the next survey opening in January 2016. Contact the CAI Survey Team to add your name to the distribution list. Your participation = free access to full results. Sounds like an executive easy button to me.

Attachments

    Outcomes