Does Your Age Impact Your Salary?
Have you ever wondered whether how old you are affects your salary as a retail professional? Well, according to Total Retail’s first annual Salary Benchmark Report, it certainly does. The report, which was produced after compiling 660 responses to questions around job compensation from Total Retail's audience last June, found that, on average, the older you are the more money you make.
According to the chart below (click on the chart to see an expanded view), the largest number of respondents who make $50,001 to $60,000 — 44 percent — are 25 to 34 years old. Fifty percent of respondents who make $500,001 to $1 million, however, are older: 45 to 54 years old. Likewise, of those respondents who make $250,001 to $500,000, the majority (40 percent) are 45 to 54 years old.
For more of these valuable insights into retail executives’ salaries, download Total Retail’s Salary Benchmark Report today! This comprehensive research report can help you maximize your earning potential, as well as enable employers to benchmark their compensation packages against the rest of the marketplace.