By Andrei Skvarsky.
The majority of senior company executives worldwide have had their total earnings go up in the last fiscal year, according to a survey by a global association of headhunting consultants.
Of chief executives questioned in the poll, 44% said their total pay had risen, the New York-headquartered Association of Executive Search Consultants (AESC) said in a report.
The largest single proportion of respondents at this level – 45.6% – had earned annual base salaries of $251,000 to $400,000.
The rest of the respondents in C-suite positions, “chief”-prefixed jobs such as chief financial officer or chief operations officer, – a category that made up 64.7% of those questioned – earned between $151,000 and $300,000, according to the “2014 AESC BlueSteps Executive Compensation Report”.
BlueSteps an ESC division, questioned 907 senior executives worldwide in sectors such as manufacturing, technology, telecommunications, healthcare, life sciences and retail in the survey, carried out in October and November.
Other findings of the study suggest that a gender pay gap begins to develop at the $250,000 base salary level as there are fewer women in C-suite positions than in lower-tier jobs.
Also, 60.5% of respondents said long-term incentives had motivated them to stay at their current company longer.
“Executive search revenues grew by 8.6% year-on-year during quarter three indicating increased demand for top level talent, according to the AESC’s latest ‘State of the Industry’ statistics,” the report quotes AESC president and chief executive Karen Greenbaum as saying.
“There is no doubt that, as businesses are now in growth mode, top talent is highly valued and sought after.”
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