Register today with ExecuNet to receive news, press releases and our exclusive newsletter, Executive Insider.
Register by clicking on the button below or call us at 800-637-3126.
How can I use the ExecuNet Market Trend Watch indices, the quarterly Executive Talent Demand Index and the Executive Job Index?
Half Of All U.S. Executives Eying A Year-End Bonus
www.execunet.com — December 27, 2007 — Despite a cloudy outlook for corporate profit growth threatening to put executive compensation under increased scrutiny, a recent survey conducted by ExecuNet, an exclusive network of global business leaders, reveals many C-level executives, vice presidents, and their direct reports are expecting bigger bonus checks this year.
According to the survey of 426 senior executives, 50 percent are anticipating a year-end bonus in 2007. On average, this year’s bonus checks are expected to be 7 percent larger than those received in 2006 and account for 18 percent of total annual compensation.
"In light of the strong profit growth many companies enjoyed in 2007, it is not surprising to see executives are expecting larger bonuses," says Mark Anderson, President of ExecuNet. "There’s no question that the current executive talent crunch is also helping to create a bigger pay day."
Corporate performance was singled out as the most important variable in determining year-end bonuses by 55 percent of all executives, followed by individual performance (26 percent), department/team performance (17 percent), and tenure (3 percent).
ExecuNet’s survey also revealed that if given the choice, 72 percent of CEOs and Presidents would rather receive a year-end bonus than more time off from work, compared to 59 percent of Vice Presidents, and 55 percent of senior managers.
Founded in 1988, ExecuNet brings C-level executives together online and in face-to-face meetings to discuss business challenges, solutions and opportunities, and share job leads. A recognized authority in executive recruiting and human capital, ExecuNet also provides members access to confidential six-figure jobs listings, proprietary research, and pragmatic advice. For more information, visit www.execunet.com.
Couldn't find what you were looking for? Contact us. 800-637-3126 or click Here.
"Wanted to let you know that we have had great success with the candidates that applied for the position of VP of Operations through ExecuNet. We have extended an offer to one of your members and another may well be offered a position down the road as the company grows. We have been able to close this retained search in three weeks. Thanks."
