17th Edition Business Continuity Compensation Report – Worldwide for Full-time, Permanently Employed Professionals
Our 17th Edition BCM Compensation Report highlights the factors that impact compensations from job title, degree, years of expertise, certification, geography, management skills, leadership skills, among other criteria. This report focuses on a worldwide assessment by regions (Africa, Asia Pacific, Europe, Latin America, Middle East & North Africa and Northern America (predominantly Canada & the USA)) with a special focus on the United Kingdom and the United States of America.
The findings throughout the Firestorm Analytical Solutions 17th Edition Business Continuity Compensation Study highlight continued growth and prosperity for the Business Continuity/Resiliency profession.
- The data showed a continual decrease in professionals who noted being downsized/reduction-in-force (shrinking from 2.8% in 2016 to 0.5% in 2017 to 0.3% in 2018). At the same time, those receiving a new job with a new company increased from 8.6% in 2017 to 12.8% in 2018, after hovering between 8.6% and 9.8% in 2016 and 2015. Those who made a job change within their current company increased from 13.1% in 2017 to 16.3% in 2018, after remaining consistent at 13-14% between 2015 and 2017.
- Similar to the previous year, data was collected on gender to assist with current and future research trending. Study respondents were given the option not to disclose. In reviewing the data results, the biggest disparity was in gender for the Middle East & North Africa where only 21% of the respondents were female. Additionally, the men in the Middle East and North Africa, on average, out earn their female counterparts by over 62%. For all respondents worldwide, the data results highlighted that men out earn their female counterparts, on average, by just over 9%.
- The data findings highlighted that many of the respondents either indicated manager (28.7%), subject matter expert (17.1%), or global manager (13.6%), regardless of their gender or region.
- The majority of professionals were less experienced in business continuity planning, with 60% indicating between 4-15 years expertise. Additionally, only 5% of the respondents noted less than 5 years total work experience in comparison to 18% noting 1-3 years’ work experience specific to business continuity planning. This indicates that many professionals worked in another discipline before entering the business continuity profession.
- The data indicated that many certified professionals have obtained 1 to 2 certifications (52%). More professionals from Northern America indicated 4+ certifications (24%), compared to Asia Pacific (9%), and Europe (9%), and this is due to the popularity of many self-study certifications (i.e. CERT, NIMS and ICS) being offered within the United States.
Participants were able to respond to the study as part-time, permanent employees, contract/ fixed term consultants or currently unemployed; however, not all participants were included within the data assessment used for this specific report. It is important to note that this report focuses only on current base compensations for full-time, permanent employees. The data throughout this final report was collected between January 2019 and February 2019, and all compensations have been converted to the US dollar currency for alignment in reporting purposes.