What Financial Benefits Retail Execs Receive
Our coverage of Total Retail’s first annual Salary Benchmark Report continues this week as we take a look at what financial benefits retails executives are getting from their companies. As a reminder, the Salary Benchmark Report was produced based upon the responses to an online survey that was sent to Total Retail’s audience over a two-week period last summer. Survey questions asked respondents about their salaries, benefits (financial and non-financial), opinions on their career paths and compensation fairness, as well as demographic information. The survey resulted in 660 responses. (Click on the chart below for an expanded view.)
Salary is only one part of an employee's overall compensation package. In the chart above, you can see the different financial benefits respondents receive. A matched retirement fund (401k) is the No. 1 financial benefit that respondents receive — 58 percent of respondents reported that they are enrolled in a company-matched retirement fund. Following a 401k program, respondents were most likely to receive profit sharing (31 percent), stock options (24 percent), commissions (22 percent) and a pension plan (6 percent).
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.