Compensation for finance executives is looking healthier, with66% of those surveyed by Financial Executives Internationalreporting they got a raise this year, up from 43% in2010.
|The average increase in executives' base salary was 3%, vs. 2.1%in 2010, according to FEI's fifth annual compensation survey. CFOsat public companies saw average raises of 4%, as did controllers,while chief accounting officers got 2% raises and treasurers sawincreases of 4.4%.
|“Theoretically, the economy is picking up, and a company'ssituation is picking up a little, and compensation is picking up alittle bit,” says Bill Sinnett, director of research atFEI.
|FEI surveyed more than 1,000 executives, almost half CFOs, frompublic and private companies.
|CFOs at public companies reported an average base salary of$277,400 this year, down from $285,000 last year. Their total cashcompensation, including bonuses and long-term cash incentives, was$443,800, while their total compensation was $673,831.
|CFOs at private companies had an average base salary of$206,900, vs. $204,800 in 2010, average total cash compensation of$287,382 and total compensation of $316,638.
|The survey found that 75% of executives participate in adefined-contribution retirement plan with an employer match. Andwhile companies pressured by the mounting cost of health coverageare expected to shift more of those costs onto employees, 60% ofthe executive surveyed by FEI say they don't expect rising healthinsurance premiums or expenses to limit their compensation thisyear.
|See more onthe FEI survey.
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