No Salary Increases for One-Third of Financial Executives
- Average Base Salary Increases Decline Over 2008, Amidst Expansion of Responsibilities
– Yet 94% Still Report Bonuses
Today Financial Executives Research Foundation, the research affiliate of Financial Executives International, released its 3rd annual Financial Executive Compensation Survey.
According to the study, a growing percentage of respondents did not receive a salary increase. Those who did receive increases experienced a slight dip percentage-wise compared with the average salary increase they received in the previous year, while the breadth and depth of their responsibilities continues to expand. However, nearly all of financial executives still reported a bonus in 2008.
Read the press release at the FEI press room.
Visit the FERF bookstore to download your copy (free to FEI members).
For instant results on salary and bonuses based on specific criteria use PayCheck, FERF's online tool created from the survey responses.
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