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.
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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.

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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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