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Benefits March 7, 2007
Executive Compensation Packages Sweetened, Talent Pool Shrinks
March 7, 2007 (PLANSPONSOR.com) - The compensation
packages for executives are swelling as the talent pool from
which companies pull their prized administrators is
shrinking, a recent survey from online recruiter ExecuNet
suggests.
Reported by Adrien Martin
The survey of 257 executive recruiters found that compensation increased in every category from 2006 to 2007, with the biggest jump in non-compete agreements/contracts offered, followed by guaranteed severance and stock options/equity.
Survey results on compensation package changes from 2006 to 2007 include:
- 48% of packages included a non-compete agreement/contract, up from 32% in 2006;
- 37% included guaranteed severance, up from 26%;
- 47% included stock options/equity, up from 36%;
- 44% included a performance review within the first six months, up from 35%;
- 37% included a signing bonus, up from 31%; and
- 79% included a performance bonus, up from 73%.
According to the survey, 71% of respondents said snagging talented executives is more difficult than it was a year ago and 67% believe there is a shortage of qualified executive talent in the market.
For more information go visit http://www.execunet.com/ .
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