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MACVB Compensation & Benefits Presentation

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This presentation gives an overview of MACVB's first ever Compensation & Benefits Survey. Learn what business model other CVB's are operating under and what the average person in your position is earning in this industry.

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MACVB Compensation & Benefits Presentation

  1. 1. 1
  2. 2. Survey Background Methodology:  Self reporting, sampling, corrupt data Who was surveyed:  54 DMO/CVB Who participated:  38 organizations, 70% response rate 2
  3. 3. Business Model 59% 26% 3% 12% WHAT IS THE BUSINESS MODEL IN WHICH YOU OPERATE? 501 © Incorporated Organization A division of a chamber of commerce A part/division of local government Other 3
  4. 4. Participation 51% 14% 29% 6% TITLE OF CHIEF PAID EXECUTIVE Executive Director President President/CEO Other 29% 29% 26% 16% WHAT REGION ARE YOU LOCATED IN Twin Cities Metro Southern Northwest Northeast 4
  5. 5. Organization Financials 26% 28% 23% 23% INCOME CATEGORY $250,000 & Below $250,001 - $500,000 $500,001 - $1,000,000 More than $1,000,000 17% 12% 17% 54% BONUS OPPORTUNITY CEO only Certain employees only All employees No bonus program offered 5
  6. 6. Compensation ofChief Paid Executive AVERAGE SALARY: $98,678 AVERAGE BONUS: $8,651 6
  7. 7. $250,000 & Below Compensation ofChief Paid Executive AVERAGE SALARY: $54,043 AVERAGE BONUS: $1,333 7
  8. 8. $250,001 - $500,000 Compensation ofChief Paid Executive AVERAGE SALARY: $70,591 AVERAGE BONUS: $3,750 8
  9. 9. $500,001 - $1,000,000 Compensation ofChief Paid Executive AVERAGE SALARY: $76,838 AVERAGE BONUS: $4,391 9
  10. 10. More than $1,000,000 Compensation ofChief Paid Executive AVERAGE SALARY: $137,306 AVERAGE BONUS: $26,336 10
  11. 11. Survey Data Combination $500,001 – More than $1,000,000 Average $52,545 Median $52,000 Community Relations/PR Manager: Annual Base Salary All Income Levels Average $50,202 Median $45,710 Marketing Manager: Annual Base Salary 11
  12. 12. Does yourCVB Directly contribute to the cost of health coverage? $250,000 & Below $250,000 – $500,000 $500,001 – $1,000,000 More than $1,000,000 All Income Levels Yes 33% 10% 50% 100% 46% No 67% 90% 50% 0% 54% *Employees, spouses and/or families 12
  13. 13. CEO Benefits All Income Levels Mobile/Cellular Phone 77% Qualified Retirement Plan 77% Medical 54% Bonus 46% Dental 40% Club (Civic) Membership 40% Life Insurance 37% Long-term Disability 31% Short-term Disability 31% Health Savings Account 29% Vision Plan 23% Paid Parking 23% AutoAllowance 20% Tuition Reimbursement 20% Long-term Care Plan 14% Cafeteria Plan Reimbursement 14% HealthClub Membership 9% Furnished Auto 9% Club (Social) Membership 6% Commissions 3% 13
  14. 14. Retirement Plan 86% 14% DOES YOUR CVB OFFER A QUALIFIED RETIREMENT PLAN? Yes No 14
  15. 15. What percent of yourChief Paid Executive’s salary is matched for a retirement plan by the employer? $250,000 & Below $250,001 - $500,000 $500,001 - $1,000,000 More than $1,000,000 All Income Levels Average 3% 3% 4% 4% 3% Median 3% 3% 3% 4% 3% 15
  16. 16. Acquire the Survey  Organizations who participated will receive a code for a complimentary copy.Those who did not participate can purchase the report for $50. 16
  17. 17. Thank you Questions? 17

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