NEW YORK--(2012 Executive Compensation Survey, BlueSteps, the executive career management service of the Association of Executive Search Consultants (AESC), announced today that even though turnover in the C-suite is increasingly rapid, 65.4% of global executives, from a survey of 731 executives worldwide, believe long-term incentives do in fact motivate them to higher levels of performance.)--Releasing the results of their
Many executives point to an increasing lack of long-term incentives as a direct contributing factor to the high turnover rate in senior-level management positions. Just under one-third (31.3%) of global executives receive stock options as part of a long-term incentives package, while 40.3% of global executives receive no long-term incentives as part of their employment package.
The survey also revealed that, while there has been much media scrutiny of skyrocketing CEO salaries at large, public companies, when looking at executive pay on a global scale, the numbers present a very different picture. Based on base salaries of 186 executives in C-suite positions at public, private, and non-profit organizations worldwide, the annual global average C-suite base salary was $278,800 USD. When factoring in bonuses, the largest percentage of global C-suite executives earn annual bonuses less than $50K USD.
Commenting on the report, Peter Felix, President of the AESC said: “Executive compensation at the highest levels is frequently a topic of media and public concern. However, what is often overlooked is that many senior executives earn in a more moderate income range, and compensation in these categories has not increased significantly in recent years. In some cases the reverse is true. This report sheds greater light on trends in executive compensation around the world which we hope will be both informative and enlightening.”
A complete copy of the BlueSteps 2012 Executive Compensation Report is available to BlueSteps members, AESC members and the press. Contact Joe Chappell at email@example.com.
BlueSteps is the executive career management service of the Association of Executive Search Consultants (AESC), putting senior executives on the radar screen of over 8,000 executive search professionals in more than 75 countries. Be visible, and be considered for the 70,000+ executive opportunities handled by AESC member search firms every year. Find out more at www.bluesteps.com.