Raleigh-based FMI, in a white paper reporting on engineering and construction executive pay trends, reports that pay has declined from 2008 through 2013,”heavily influenced by profitability.”
Author Mike Rose’s report key takeaways include:
- 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).
- Executive total compensation has declined about eight 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.
Annually, FMI conducts a series of compensation surveys covering approximately 280 positions for the engineering and construction industries. To download a copy of the “Executive Pay Trends” white paper, click here.