NEW YORK--(EON: Enhanced Online News)--In the last fiscal year, 44 percent of executives and board members reported a rise in total compensation, according to the 2013 Executive Compensation Survey released today by BlueSteps, a service of the Association of Executive Search Consultants (AESC).
“Boards and top management should be concerned when the executive talent shortage hits harder in the post-recession phase and executive mobility picks up.”
The AESC BlueSteps survey of 778 executives was conducted in September 2013 and included responses from CEOs, CFOs, Board Members, Senior VPs, VPs and other management worldwide, including 53 percent from the Americas, 35 percent from EMEA and 12 percent from Asia/Pacific. Additional findings of the report include:
- The average C-suite base salary among global executives surveyed decreased 8.8 percent year-over year from 2012 to 2013, while director level (non-board) middle management salaries have increased 4.6 percent during the same period.
- Of executives surveyed who reported a rise in total compensation, the greatest percentage (41.8 percent) reported an increase of one to five percent, followed by 26.6 percent of executives had an increase of six to 10 percent. Only 10 percent of executives reported increases above 20 percent.
- The survey also revealed that the gender pay gap may be narrowing at the executive level. The average base salary difference between executive men and women was only $22,075 in the last fiscal year.
- Eighty eight percent of executives surveyed would not accept a pay cut if their roles required less travel.
“This BlueSteps report highlights the inconsistencies in perception about C-suite executives, in contrast to the high profile cases of robust corner office salaries,” said Peter Felix, President and CEO of AESC. “On the contrary, for most senior executives in our survey salary increases and bonuses have only modestly begun to rise after the financial crisis.”
“Revenue expectations, headcount reductions, and other challenges have put major strains on this level of executive,” Mr. Felix added. “Boards and top management should be concerned when the executive talent shortage hits harder in the post-recession phase and executive mobility picks up.”
A full copy of the BlueSteps 2013 Executive Compensation Report is available to BlueSteps members, AESC members and the media. Contact Joe Chappell at email@example.com.
BlueSteps.com is an online career management service for senior executives. As an exclusive service of the Association of Executive Search Consultants (AESC), BlueSteps enables senior executives to be visible to more than 8,000 AESC member executive search professionals who use BlueSteps to locate candidates. BlueSteps also offers a full suite of career management tools and resources specifically for senior-level executives. For more information, please visit www.bluesteps.com.
About the Association of Executive Search Consultants
The Association of Executive Search Consultants (AESC) is the worldwide professional association for the retained executive search and leadership consulting industry. The AESC promotes the highest professional standards in retained executive search and leadership consulting, broadens public understanding of the executive search process, and serves as an advocate for the interests of its member firms. For more information, or to download the AESC Code of Ethics and Professional Practice Guidelines, please visit www.aesc.org.