FMI recently released a white paper on executive pay trends for the engineering and construction industry.
Mike Rose, author of the paper, analyzes executive pay trends for the engineering and construction industry from 2008 through 2013.
According to Mike’s analysis, long-term compensation and total compensation are heavily influenced by profitability and have seen the sharpest declines for the executive officers (CEO, CFO, COO and CAO).
Total compensation of executive has declined about 8 per cent.
Financial executives and business unit executives have seen the steepest declines in bonuses, reflecting the consolidation of executive power into the corporate suite and away from the business unit.
The largest gains in bonuses reflect an emphasis on cost control, as well as project management.