What Job Titles Reveal about Compensation -16th Annual Compensation Study Now Open to Participants
For more than 15 years, Cheyene Marling, Firestorm EVP of People Solutions and Program Analytics, has gathered data on business continuity management programs and compensations to provide professionals with the information they need to elevate their programs. Each year, Cheyene and her team improve study questions, distribution of the study and reporting of the data collected.
Now in its 16th year, the BCM Compensation Study is globally recognized as the premier compensation assessment for Business Continuity and Resiliency professionals.
The study assesses participant’s earning potential by years of experience, degree, years of management and leadership expertise, geography and certification, among other criteria. The 16th annual study is now open to professionals. All participants will receive a complimentary copy of the report.
A portion of the report highlights compensation numbers based upon job title. Study respondents were provided generic job titles and corresponding job descriptions (included in the full study) to assess what level position their current role would be classified. The average total compensation is shown in Chart 1. Global Manager respondents, for example, indicated a maximum compensation of $275,000 and minimum of $86,700. The average Global Manager respondent indicated an average compensation of $164,730.
As in previous years, a steady climb upwards was identified based on level of position.
The contents of the study dive deeper into compensation analytics by revealing total increase and decrease based upon job title. Chart 2 shows the percent of respondents who indicated an average total compensation increase, decrease or no change in total compensation. For example, 5% of Global Managers indicated a decrease in compensation, nearly 5% revealed no change in compensation, and the remaining (roughly) 90% indicated they received an increase in compensation.
The 2017 study highlights the findings of many areas that determine compensation numbers, including:
- Average total compensation
- Discipline experience
- Total work experience
- Industry experience
- Previous career experience
- Educational Institutions
- Management experience
- Leadership experience
- Credentials leading to best hire
The Compensation Study can be used by employers to gauge where an organization’s compensation packages stack up in the industry. Job seekers can also utilize the study to compare job and compensation offers.
To receive your own copy of the Study (published in 2017), contact Cheyene Marling, Firestorm EVP of People Solutions and Program Analytics. By participating in this year’s study, you will be given a complimentary report of the 16th Annual Study – due to be released in the upcoming months.
Participate in the 16th Annual Compensation Study and Receive a Complimentary Report
We are currently collecting data for this year’s edition. Professionals have until March 26th to participate in the study and will receive a complimentary report highlighting findings. Professionals who are employed, unemployed, independent consultants, and contractors are encouraged to participate.
Permanently Employed or Unemployed Professionals – Participate in Study
Independent Consultants/ Contractors – Participate in Study
- Only study participants will receive a complimentary copy of the study findings.
- Study questions and assessment of data is completed by Cheyene, the International Benchmarking Advisory Board and Firestorm.
- The response is immense, driven by the value the results provide.
- The scope is world-wide, due to extensive contacts and partnerships.
- The company is independent, as we are a neutral party on the results.
- Completely confidential – Your individual contact and company information is never shared outside of Firestorm.
Thank you in advance for participating, we look forward to sharing your results!
Contact Cheyene Marling for additional information on your copy of the 15th Annual Study, or to participate in this year’s 16th Annual Compensation Study.