2006 Executive-Level Compensation Survey -It's good to be VP

[papau]

Although not all executive-level cash bonuses were contingent on financial performance, 59% of bonuses were impacted by gross/net revenue, 54% by profit growth, 40% by cost containment, and 35% by customer satisfaction levels. Most (84%) executives are given cell phones, 59% are
provided with company cars, 38% get special vacation allowances, 27% get country club or health club memberships, and 10% have use of acompany airplane.

May 9, 2006 – <snip>According to an Society for Human Resource Management (SHRM) press release, almost 80% of HR professionals surveyed said HR provides the committees with information on their company's overall compensation structure, and 67% said HR provided analysis on industry best practices. Forty-four percent said HR designed the compensation plan and drove the pay philosophy, according to SHRM.<snip>

Only 6% of organizations tied a commitment to workplace diversity to executive bonuses.
<snip>

Stock options are used slightly less frequently (then cash bonuses), SHRM found, with a little more than one-fourth of respondents indicating that their organizations used them. Overall, though, companies increased their use of restricted stock options. Use of restricted stock tended to stay at the same level the past two years at privately owned for-profits (54%), compared with publicly held for-profits (31%).

In its news release, SHRM said that other perks often associated with top jobs that were among the most popular are:

cellular phones (84%);
relocation expenses (71%);
supplemental life insurance (68%);
handheld devices such as the BlackBerry (67%); and
company cars or car allowances in the form of cash payments and job-related liability insurance (each 59%).

SHRM surveyed 340 HR professionals for its report. The survey report is here.

http://www.shrm.org/hrresources/surveys_published/2006%20HR%20Practices%20in%20Executive-Level%20Compensation%20Survey%20Report.pdf

http://www.shrm.org/hrnews_published/CMS_016936.asp

http://www.shrm.org/hrmagazine/articles/0506/0506futurefocus.asp

https://secure.salary.com/salarywizardprofessional/layoutscripts/swpl_presell.asp?r=ggl_swp001_swp

[AX10]

1. So this just confirms that Bush is working to make...

the wealthy already wealthier.

[papau]

2. Sure looks like it -ave salary for those making over $175000 5 yrs ago has

zoomed upward - as the rest of us get pay cuts/benefit cuts/outsourced.