How the Size of Company Affects Your Salary
As a part of our continuing coverage of Total Retail’s Salary Benchmark Report, this week we take a look at how the size of the company that you work for (measured by annual revenue) affects your salary. The first annual Salary Benchmark Report was produced after an online survey was sent to Total Retail’s audience over a two-week period last summer. The survey resulted in 660 responses, which the analysis contained in the report is based upon.
The following chart depicts how company size impacts retail executives’ salaries:
Here are some of the key findings to emerge from this chart:
- As one would expect, for the most part the smaller the company you work for, the less you get paid. Conversely, the larger the company that you work for, the more that you will get paid. Of course there are multiple factors that impact an individual's salary — experience, position, age, gender, geographic region, etc. — and company size is one that needs to be added to the equation.
- Those at the top of the salary range ($500,001-$1 million) all work for companies with annual revenues of a minimum of $5 million.
- Forty-four percent of the respondents that earn less than $35,000 per year work for a company with annual revenue of less than $1 million.
- For those respondents that work for midsize retail companies (annual revenue between $25 million to $100 million), the majority earn between $75,001 and $500,000. This segment of respondents is more evenly distributed among the salary ranges than any other group.
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 — a critical component to retaining valuable executive talent.
