How Job Title Affects Salary at Retail Companies
As a part of our continuing coverage of Total Retail’s Salary Benchmark Report, this week we take a look at how job titles affect retail workers’ salaries. As a reminder, the Salary Benchmark Report was produced after an online survey was sent to Total Retail’s audience over a two-week period in late June. The survey resulted in 660 responses, which the analysis contained in the report is based upon.
This chart above reveals what one would expect — that a better title leads to a better salary. The data we gathered generally follows that rule. As you can see from the chart, of the respondents who have an annual salary of 500,001 to $1 million, 75 percent are either the company’s CEO, president or founder. Furthermore, general management titles usually equate to a higher salary.
However, the data gets interesting when it comes to directors and managers. Thirty-three present of respondents who make between $75,001 to $100,000 are directors, while 44 percent in this salary bracket are managers — a title usually considered lower than a director.
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.