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Report: Executive salaries increasing

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A survey conducted by Compdata Surveys, dubbed Executive Compensation 2011/2012, has found that executive salaries are on the rise across the board.

Leading the charge are CEOs with an average base salary of $338,00 per year, a 1.6 percent increase from 2010, according to a survey released Oct. 6 of 22,000 executives across 4,500 organizations nationwide.

Chief financial officers surveyed reported pay increases of 1.7 percent for an average salary rate of $201,800. Presidents are earning an average of $248,600, up from $241,900 in 2010.

Additionally, treasurers' salaries averaged $172,600, up 2.7 percent, while vice presidents saw a 2.1 percent increase from last year, the release said.

"Though salaries for most executive jobs have begun to rebound, a few still have not yet reached levels seen prior to the recession," said Amy Kaminski, director of marketing for Compdata Surveys, in the release. "Companies may be increasing executive salaries in preparation of an economic turnaround, but most are taking a very cautious approach to those increases."

Company size and the type of industry were found to play a part in the earnings of executives.

For example, presidents at companies with 1,001 to 5,000 full-time employees earned an average of $294,600 per year, while companies with 501 to 1,000 full-time employees were compensated an average of $278,900. By different industry, the survey pointed to treasurers of health care organizations earning an average salary of $193,400, those in the hospitality industry earning $188,700, and banking and finance organizations paying treasurers $177,500.[[In-content Ad]]

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