SlideShare a Scribd company logo
Compensation & Benefits Survey




                                             2012


Larry Dowell | Dowell Stute and Associates
About MACE
Founded in 1972, serves five-state region
Iowa, Minnesota, Nebraska, North Dakota, South Dakota

Purpose is three-fold
• Provide continuing education opportunities
• Facilitate connection with industry peers
• Develop a regional ethic among chambers of commerce

Expanded Product Line
• Annual Conference
• Compensation & Benefits Survey
• Membership Satisfaction Survey
• Newsline
• Chamber Insight Webinars

                                                        2
Board of Directors
• Daron Van Helden – Burnsville, MN (Chair)
• Andy Peterson – ND Chamber (Vice Chair)
• Larry Dowell – Dowell Stute & Associates (Secretary/Treasurer)
• Dan Mauk – North Platte, NE
• Lori Warner – Beatrice, NE
• Kay Breuer – Burlington, IA
• Darlene Macklin - Worthington, MN
• Ken Warner - Willmar, MN
• Sonya Moller – Mitchell, SD
• Peggy Woolridge – Huron, SD
• Kelvin Hullet – Bismarck, ND
• Tom Kuhlman – Okoboji, IA
• Vicki Mallory – Algona, IA
• Douglas Loon – U.S. Chamber
• Evan Nolte – Sioux Falls, SD


                                                                   3
Survey Background
Methodology
Self reporting, sampling, corrupt data

Who was surveyed
• Iowa, Illinois, Nebraska, Minnesota, North Dakota, South Dakota,
Wisconsin

Who participated




                                                                     4
State Participation
                                                                   49
                                                          6
WI 26%
                                       IL 20%                           56
SD 4%
                                                          8
ND 3%                                  IA 19%                            42
                                                                   40
 NE 6%                                                        12
                                     MN 23%


 Trend Lines
 Overall, participation was up in 2012 from 2010. The
 addition of Illinois in 2012 increased overall numbers
 substantially.



                                                                              5
Gender of Chief Paid Executive
36.7%                                    63.2%

      Percentages have remained stable since 2008




                                                    6
Age of Chief Paid Executive
 5%      10%      20%               35%

18-29   30-37     38-45             46-55



                          30%


                          Over 55




                                            7
Interesting 2012 Facts
         93%                      4%                     44.7                  92%
Of chambers have a        Average retirement    Average age of        Chambers surveyed
full-time Chief Paid      match by employer     chamber Executive     use Facebook. 15%
Executive                 for Executive                               have a mobile app.


        $16,225                           $35,658                          $309.51
Average amount                     Special Projects Manager is   Average monthly amount
added to reserves                  the lowest paid               employer pays for Executive’s
during last fiscal year            professional staff member     auto reimbursement


                                                                                     8
Chambers that operate a CVB
      Illinois                                    Wisconsin

    10%                     Iowa                  38%
                            33%
                 South Dakota                        Minnesota
                 85%                                35%
Nebraska
50%                                North Dakota
                                     0%
                                                          9
Chambers that made a profit
77%        55%         71%




2008       2010        2012


                              10
Expense Categories
                                                                                     Trends

     48%
     Administration
                                 16%
                                Operations
                                                           33%
                                                           Programs
                                                                              Generally, as budgets
                                                                              increase, the
                                                                              percentage spent on
                                                                              programs also
                                                                              increases.

Salaries, benefits, etc.   Rent, utilities, buildings,   All other expenses
                           equipment, etc.




                                                                                             11
Does chamber directly contribute to
    cost of medical insurance?
                        49%                                 51%
          2012                Yes                               No
          2010

        Annual Budget
        Half of chambers surveyed contribute to medical insurance.
        Over 95% of chambers with budgets over $300,000 contribute to the cost of
        medical insurance.




                                                                                    12
If yes, what percent is paid for by the Chamber?
               % Paid     Employee   Spouse   Family

               1 – 19 %     6.5%      4.3%     4.3%


              20 – 50 %     9.8%     10.6%    10.6%


              51 – 70 %     7.6%      8.5%     8.5%


              71 – 80 %    33.7%     40.4%    40.4%


              81 – 99 %     5.4%      8.5%     8.5%

                100 %       37%      27.6%    27.6%



                                                       13
Market Penetration


   $100k                      $200k                      $1m↑
     ↑                          ↑



% of businesses who are chamber members drop as chamber grows larger


           Chamber members                  Potential chamber
                                            members



                                                                       14
Average # of employees
3.5
  3
2.5
  2
1.5
  1
0.5
          2006         2008         2010             2012

Full-Time Management      Full-Time Non-Management          Part-Time




                                                                        15
Membership Models
                                                                      Trends

  50%
  Investment
                          40%
                          Tiered Dues
                                                10%
                                                Other
                                                                10% of chambers
                                                                using membership
                                                                investment formulas
  Formula                                                       plan on changing their
                                                                membership model in
                                                                the next 24 months
Traditional dues       Members choose         Hybrid or other
formula factoring in   dues levels based      approaches
employee               on needs or interest
count, etc.


                                                                               16
Compensation
                  Position                        Mean        Median          Minimum          Maximum

            Chief Paid Executive                $65,239.86   $58,000.00      $23,900.00       $190,000.00

               Vice President                   $55,007.31   $47,741.00      $29,417.00       $109,463.00
Business, Financial or Administrative Manager   $48,756.68   $40,000.00      $24,000.00       $93,542.00
   Public or Government Affairs Manager         $52,659.62   $50,000.00      $26,000.00       $95,000.00
           Membership Manager                   $34,217.98   $33,000.00   (commission only)   $81,500.00
          Membership Salesperson                $29,273.35   $27,840.96   (commission only)   $80,000.00
         Communications Manager                 $40,485.81   $38,000.00      $25,000.00       $68,000.00
          Small Business Manager                $57,216.67   $58,350.00      $36,000.00       $75,600.00
               CVB Manager                      $46,648.84   $38,000.00      $25,168.00       $107,625.00
          Special Projects Manager              $35,658.80   $35,936.10      $18,000.00       $52,000.00
       Information Services Manager             $39,718.00   $37,500.00      $22,000.00       $59,250.00
             Program Manager                    $38,790.94   $38,500.00      $19,337.00       $61,285.00
      Economic Development Manager              $66,129.57   $67,500.00      $27,040.00       $130,000.00
  Administrative Assistant or Receptionist      $29,029.25   $29,120.00      $16,000.00       $50,700.00


                                                                                              17
Annual Base Salary
Mean                   2006      2008      2010      2012
Chief Paid Executive   $54,082   $55,060   $56,257   $65,239


Vice President         $47,045   $50,198   $53,407   $55,007

Membership Manager     $32,423   $35,281   $33,686   $34,217




                                                      18
Bonus & Pay Increase
                    Position                       Percent who     Average Potential
                                                 have bonus plan        Bonus

             Chief Paid Executive                     47%             $7,728.84

                Vice President                        33%             $3,905.56
 Business, Financial or Administrative Manager        35%             $1,725.00
    Public or Government Affairs Manager              42%             $2,300.00
            Membership Manager                        50%             $4,248.38
           Membership Salesperson                     38%             $6,336.36
          Communications Manager                      34%             $1,909.09
           Small Business Manager                     28%             $1,000.00
                CVB Manager                           39%             $2,370.00
           Special Projects Manager                   43%             $3,466.67
        Information Services Manager                  50%             $1,020.00
              Program Manager                         54%             $1,742.11
       Economic Development Manager                   35%             $5,700.00
   Administrative Assistant or Receptionist           28%              $989.86


                                                                                       19
Profile of the Average Chamber Executive
  $50,000 and            $50,001 -           $100,001 -            $200,001 -
    below                $100,000             $200,000              $300,000
   • Female             • Female              • Female             • Female
   • 39.4 years old     • 45 years old        • 43.8 years old     • 46 years old
   • Some College       • Bachelor’s          • Bachelor’s         • Bachelor’s
   • 1-3 year tenure    • 4-6 year tenure     • 4-6 year tenure    • 7-10 year tenure
   • 200 members        • 200 members         • 260 members        • 401 members
   • $28,635            • $36,230             • $46,054            • $51,971

  $300,001 -            $500,001 -           $750,001 –            More than
   $500,000              $750,000            $1 million            $1 million
   • Female             • Male               • Male                • Male
   • 45 years old       • 46 years old       • 39 years old        • 47 years old
   • Bachelor’s         • Bachelor’s         • Bachelor’s          • Bachelor’s
   • 7-10 year tenure   • 7-10 year tenure   • 11-15 year tenure   • 11-15 year tenure
   • 470 members        • 607 members        • 836 members         • 1,154 members
   • $67,246            • $82,433            • $94,000             • $131,825


                                                                                         20
Conclusion
                   Full survey report will be posted on the
                   MACE website June 15th


Jun                Chambers who participated will receive a
                   code for a complimentary copy. Those

       15          who did not participate can purchase the
                   report for $45
2012               Chambers desiring custom reports or
                   specific data requests should be directed to:
                   Carrie Kirkpatrick, Dowell Stute & Associates
                   carrie@dowellstute.com | 651-221-0850


                                                       21
Thank you

Any questions?

More Related Content

What's hot

Raddon Chart of the Day March 29, 2012
Raddon Chart of the Day March 29, 2012Raddon Chart of the Day March 29, 2012
Raddon Chart of the Day March 29, 2012Raddon Financial Group
 
Ian Duncan: Introduction to health care risk and risk adjustment
Ian Duncan: Introduction to health care risk and risk adjustmentIan Duncan: Introduction to health care risk and risk adjustment
Ian Duncan: Introduction to health care risk and risk adjustmentNuffield Trust
 
Equity compensation grant trends 20110812 print
Equity compensation grant trends 20110812 printEquity compensation grant trends 20110812 print
Equity compensation grant trends 20110812 print
PERFORMENSATION
 
Membership performance improvement seminar nyc 2012
Membership performance improvement seminar nyc 2012Membership performance improvement seminar nyc 2012
Membership performance improvement seminar nyc 2012ASI
 
Willis - Health and productivity_survey_2011_v3
Willis - Health and productivity_survey_2011_v3Willis - Health and productivity_survey_2011_v3
Willis - Health and productivity_survey_2011_v3
Annette Wright, GBA, GBDS
 
John Billings: Applying predictive risk approaches and models effectively
John Billings: Applying predictive risk approaches and models effectivelyJohn Billings: Applying predictive risk approaches and models effectively
John Billings: Applying predictive risk approaches and models effectivelyNuffield Trust
 
Hdfclife q4 final
Hdfclife q4 finalHdfclife q4 final
Hdfclife q4 final
vikram745
 
BIG Call - April 2012
BIG Call - April 2012BIG Call - April 2012
BIG Call - April 2012
Prosper Business Development
 
Economics of Loyalty - Summary of Findings (Canada)
Economics of Loyalty - Summary of Findings (Canada)Economics of Loyalty - Summary of Findings (Canada)
Economics of Loyalty - Summary of Findings (Canada)Advisor Impact
 
Project 7 Final Slides Hallward Driemeier Pritchett
Project 7 Final Slides Hallward Driemeier PritchettProject 7 Final Slides Hallward Driemeier Pritchett
Project 7 Final Slides Hallward Driemeier PritchettNBER
 
SolarWinds UK and Germany SME Survey Results - Time and Budget
SolarWinds UK and Germany SME Survey Results - Time and BudgetSolarWinds UK and Germany SME Survey Results - Time and Budget
SolarWinds UK and Germany SME Survey Results - Time and Budget
SolarWinds
 
2012 holiday party final
2012 holiday party final2012 holiday party final
2012 holiday party finalshrm
 
2012 holiday party final practice survey
2012 holiday party final practice survey2012 holiday party final practice survey
2012 holiday party final practice surveyshrm
 
2012 holiday party final
2012 holiday party final2012 holiday party final
2012 holiday party finalshrm
 
It's More Fun Investing in the Philippines
It's More Fun Investing in the PhilippinesIt's More Fun Investing in the Philippines
It's More Fun Investing in the Philippines
Aldrin Bibon
 
Raddon Chart of the Day August 21, 2012
Raddon Chart of the Day August 21, 2012Raddon Chart of the Day August 21, 2012
Raddon Chart of the Day August 21, 2012Raddon Financial Group
 
HIP TN Investor Relations Presentation 3 2012
HIP TN Investor Relations Presentation 3 2012HIP TN Investor Relations Presentation 3 2012
HIP TN Investor Relations Presentation 3 2012
Ed Dodds
 

What's hot (19)

Raddon Chart of the Day March 29, 2012
Raddon Chart of the Day March 29, 2012Raddon Chart of the Day March 29, 2012
Raddon Chart of the Day March 29, 2012
 
Ian Duncan: Introduction to health care risk and risk adjustment
Ian Duncan: Introduction to health care risk and risk adjustmentIan Duncan: Introduction to health care risk and risk adjustment
Ian Duncan: Introduction to health care risk and risk adjustment
 
Equity compensation grant trends 20110812 print
Equity compensation grant trends 20110812 printEquity compensation grant trends 20110812 print
Equity compensation grant trends 20110812 print
 
Membership performance improvement seminar nyc 2012
Membership performance improvement seminar nyc 2012Membership performance improvement seminar nyc 2012
Membership performance improvement seminar nyc 2012
 
Willis - Health and productivity_survey_2011_v3
Willis - Health and productivity_survey_2011_v3Willis - Health and productivity_survey_2011_v3
Willis - Health and productivity_survey_2011_v3
 
John Billings: Applying predictive risk approaches and models effectively
John Billings: Applying predictive risk approaches and models effectivelyJohn Billings: Applying predictive risk approaches and models effectively
John Billings: Applying predictive risk approaches and models effectively
 
Hdfclife q4 final
Hdfclife q4 finalHdfclife q4 final
Hdfclife q4 final
 
BIG Call - April 2012
BIG Call - April 2012BIG Call - April 2012
BIG Call - April 2012
 
Economics of Loyalty - Summary of Findings (Canada)
Economics of Loyalty - Summary of Findings (Canada)Economics of Loyalty - Summary of Findings (Canada)
Economics of Loyalty - Summary of Findings (Canada)
 
BIG Consumer Snapshot December 2012
BIG Consumer Snapshot December 2012BIG Consumer Snapshot December 2012
BIG Consumer Snapshot December 2012
 
Project 7 Final Slides Hallward Driemeier Pritchett
Project 7 Final Slides Hallward Driemeier PritchettProject 7 Final Slides Hallward Driemeier Pritchett
Project 7 Final Slides Hallward Driemeier Pritchett
 
SolarWinds UK and Germany SME Survey Results - Time and Budget
SolarWinds UK and Germany SME Survey Results - Time and BudgetSolarWinds UK and Germany SME Survey Results - Time and Budget
SolarWinds UK and Germany SME Survey Results - Time and Budget
 
2012 holiday party final
2012 holiday party final2012 holiday party final
2012 holiday party final
 
2012 holiday party final practice survey
2012 holiday party final practice survey2012 holiday party final practice survey
2012 holiday party final practice survey
 
2012 holiday party final
2012 holiday party final2012 holiday party final
2012 holiday party final
 
It's More Fun Investing in the Philippines
It's More Fun Investing in the PhilippinesIt's More Fun Investing in the Philippines
It's More Fun Investing in the Philippines
 
Raddon Chart of the Day August 21, 2012
Raddon Chart of the Day August 21, 2012Raddon Chart of the Day August 21, 2012
Raddon Chart of the Day August 21, 2012
 
Convention southstudy2011
Convention southstudy2011Convention southstudy2011
Convention southstudy2011
 
HIP TN Investor Relations Presentation 3 2012
HIP TN Investor Relations Presentation 3 2012HIP TN Investor Relations Presentation 3 2012
HIP TN Investor Relations Presentation 3 2012
 

Viewers also liked

Apresentazione centrale idroelettrica
Apresentazione centrale idroelettricaApresentazione centrale idroelettrica
Apresentazione centrale idroelettricaanaprofessoressa
 
Your career in the chamber profession
Your career in the chamber professionYour career in the chamber profession
Your career in the chamber professionDowell Management
 
Toby Madden - MACE 2012 Economic Outlook
Toby Madden - MACE 2012 Economic OutlookToby Madden - MACE 2012 Economic Outlook
Toby Madden - MACE 2012 Economic OutlookDowell Management
 
MACE Compensation and Operation Survey Insights
MACE Compensation and Operation Survey InsightsMACE Compensation and Operation Survey Insights
MACE Compensation and Operation Survey Insights
Dowell Management
 
Growing Your Public Policy Toolbox by Larry Dowell
Growing Your Public Policy Toolbox by Larry DowellGrowing Your Public Policy Toolbox by Larry Dowell
Growing Your Public Policy Toolbox by Larry DowellDowell Management
 
Mick Fleming - Trends in the Chamber Industry
Mick Fleming - Trends in the Chamber IndustryMick Fleming - Trends in the Chamber Industry
Mick Fleming - Trends in the Chamber IndustryDowell Management
 
Doug Loon - US Chamber Update for MACE 2012
Doug Loon - US Chamber Update for MACE 2012Doug Loon - US Chamber Update for MACE 2012
Doug Loon - US Chamber Update for MACE 2012Dowell Management
 
MACE Enterprising States 2013 - Delore Zimmerman
MACE Enterprising States 2013 - Delore ZimmermanMACE Enterprising States 2013 - Delore Zimmerman
MACE Enterprising States 2013 - Delore Zimmerman
Dowell Management
 
ιστορία περιοδικού πίνακα1
ιστορία περιοδικού πίνακα1ιστορία περιοδικού πίνακα1
ιστορία περιοδικού πίνακα1pandoraki
 
Future membership investment models
Future membership investment modelsFuture membership investment models
Future membership investment modelsDowell Management
 
The Willmar Experience - Changing Chamber Culture by Changing Dues
The Willmar Experience - Changing Chamber Culture by Changing DuesThe Willmar Experience - Changing Chamber Culture by Changing Dues
The Willmar Experience - Changing Chamber Culture by Changing DuesDowell Management
 
U.S. Chamber: MACE Presentation 2013 by Doug Loon
U.S. Chamber: MACE Presentation 2013 by Doug LoonU.S. Chamber: MACE Presentation 2013 by Doug Loon
U.S. Chamber: MACE Presentation 2013 by Doug LoonDowell Management
 

Viewers also liked (19)

Ipa
IpaIpa
Ipa
 
Apresentazione centrale idroelettrica
Apresentazione centrale idroelettricaApresentazione centrale idroelettrica
Apresentazione centrale idroelettrica
 
Energia nucleare
Energia nucleareEnergia nucleare
Energia nucleare
 
Your career in the chamber profession
Your career in the chamber professionYour career in the chamber profession
Your career in the chamber profession
 
Toby Madden - MACE 2012 Economic Outlook
Toby Madden - MACE 2012 Economic OutlookToby Madden - MACE 2012 Economic Outlook
Toby Madden - MACE 2012 Economic Outlook
 
MACE Compensation and Operation Survey Insights
MACE Compensation and Operation Survey InsightsMACE Compensation and Operation Survey Insights
MACE Compensation and Operation Survey Insights
 
Growing Your Public Policy Toolbox by Larry Dowell
Growing Your Public Policy Toolbox by Larry DowellGrowing Your Public Policy Toolbox by Larry Dowell
Growing Your Public Policy Toolbox by Larry Dowell
 
Mick Fleming - Trends in the Chamber Industry
Mick Fleming - Trends in the Chamber IndustryMick Fleming - Trends in the Chamber Industry
Mick Fleming - Trends in the Chamber Industry
 
Consumo energetico
Consumo energeticoConsumo energetico
Consumo energetico
 
Doug Loon - US Chamber Update for MACE 2012
Doug Loon - US Chamber Update for MACE 2012Doug Loon - US Chamber Update for MACE 2012
Doug Loon - US Chamber Update for MACE 2012
 
Energia nucleare
Energia nucleareEnergia nucleare
Energia nucleare
 
MACE Enterprising States 2013 - Delore Zimmerman
MACE Enterprising States 2013 - Delore ZimmermanMACE Enterprising States 2013 - Delore Zimmerman
MACE Enterprising States 2013 - Delore Zimmerman
 
ιστορία περιοδικού πίνακα1
ιστορία περιοδικού πίνακα1ιστορία περιοδικού πίνακα1
ιστορία περιοδικού πίνακα1
 
Energia solare
Energia solareEnergia solare
Energia solare
 
Lavoro geotermica
Lavoro geotermicaLavoro geotermica
Lavoro geotermica
 
Future membership investment models
Future membership investment modelsFuture membership investment models
Future membership investment models
 
The Willmar Experience - Changing Chamber Culture by Changing Dues
The Willmar Experience - Changing Chamber Culture by Changing DuesThe Willmar Experience - Changing Chamber Culture by Changing Dues
The Willmar Experience - Changing Chamber Culture by Changing Dues
 
U.S. Chamber: MACE Presentation 2013 by Doug Loon
U.S. Chamber: MACE Presentation 2013 by Doug LoonU.S. Chamber: MACE Presentation 2013 by Doug Loon
U.S. Chamber: MACE Presentation 2013 by Doug Loon
 
Petrolio
PetrolioPetrolio
Petrolio
 

Similar to Larry Dowell - Insights from the 2012 MACE Compensation & Benefits Survey

Sustainable Banks vs GSIFIs
Sustainable Banks vs GSIFIsSustainable Banks vs GSIFIs
Sustainable Banks vs GSIFIs
viiit
 
Study of Debit, Credit & Prepaid Programs. Member Preferences and Marketing S...
Study of Debit, Credit & Prepaid Programs. Member Preferences and Marketing S...Study of Debit, Credit & Prepaid Programs. Member Preferences and Marketing S...
Study of Debit, Credit & Prepaid Programs. Member Preferences and Marketing S...
NAFCU Services Corporation
 
2012 Membership Marketing Benchmarking Report by Tony Rossell_Marketing_Gener...
2012 Membership Marketing Benchmarking Report by Tony Rossell_Marketing_Gener...2012 Membership Marketing Benchmarking Report by Tony Rossell_Marketing_Gener...
2012 Membership Marketing Benchmarking Report by Tony Rossell_Marketing_Gener...
Marketing General Incorporated (MGI)
 
2012 Membership Marketing Benchmarking Report
2012 Membership Marketing Benchmarking Report2012 Membership Marketing Benchmarking Report
2012 Membership Marketing Benchmarking Report
Tony Rossell
 
2012 Connell & Partners Fall Pulse Survey Participant Report
2012 Connell & Partners Fall Pulse Survey Participant Report2012 Connell & Partners Fall Pulse Survey Participant Report
2012 Connell & Partners Fall Pulse Survey Participant Report
Connell & Partners
 
Economic Development Marketing in Canada
Economic Development Marketing in CanadaEconomic Development Marketing in Canada
Economic Development Marketing in Canada
Heather @ Rain
 
Day1 opening plenary 1
Day1 opening plenary 1Day1 opening plenary 1
Day1 opening plenary 1
elliottofhook
 
Corporate Volunteering in Korea
Corporate Volunteering in KoreaCorporate Volunteering in Korea
Corporate Volunteering in Korea
Theresa Oh
 
Reward trends - Aon Hewitt
Reward trends - Aon HewittReward trends - Aon Hewitt
Reward trends - Aon Hewitt
Aon Hewitt EMEA
 
Riding Wave Social Networking 24 Mar 2009
Riding Wave Social Networking 24 Mar 2009Riding Wave Social Networking 24 Mar 2009
Riding Wave Social Networking 24 Mar 2009Erick Caniso
 
Marketing Trends & Analysis: 2011 Higher Education Survey Results
Marketing Trends & Analysis: 2011 Higher Education Survey ResultsMarketing Trends & Analysis: 2011 Higher Education Survey Results
Marketing Trends & Analysis: 2011 Higher Education Survey Results
Sparkroom
 
Korea Fund, Inc. Second Quarter 2012
Korea Fund, Inc. Second Quarter 2012Korea Fund, Inc. Second Quarter 2012
Korea Fund, Inc. Second Quarter 2012Company Spotlight
 
Charting for few Good Performing Funds
Charting for few Good Performing FundsCharting for few Good Performing Funds
Charting for few Good Performing Funds
Tio Sheng Chiat
 
Financial Times 2010 Fund Image summary of findings
Financial Times 2010 Fund Image summary of findingsFinancial Times 2010 Fund Image summary of findings
Financial Times 2010 Fund Image summary of findingsDaniel Rothman
 
Executive Monitor
Executive MonitorExecutive Monitor
Executive Monitor
Phillip Tusing
 
Tv Industry Report 2012
Tv Industry Report 2012Tv Industry Report 2012

Similar to Larry Dowell - Insights from the 2012 MACE Compensation & Benefits Survey (20)

Korea fund4q presentation
Korea fund4q presentationKorea fund4q presentation
Korea fund4q presentation
 
Sustainable Banks vs GSIFIs
Sustainable Banks vs GSIFIsSustainable Banks vs GSIFIs
Sustainable Banks vs GSIFIs
 
Study of Debit, Credit & Prepaid Programs. Member Preferences and Marketing S...
Study of Debit, Credit & Prepaid Programs. Member Preferences and Marketing S...Study of Debit, Credit & Prepaid Programs. Member Preferences and Marketing S...
Study of Debit, Credit & Prepaid Programs. Member Preferences and Marketing S...
 
2012 Membership Marketing Benchmarking Report by Tony Rossell_Marketing_Gener...
2012 Membership Marketing Benchmarking Report by Tony Rossell_Marketing_Gener...2012 Membership Marketing Benchmarking Report by Tony Rossell_Marketing_Gener...
2012 Membership Marketing Benchmarking Report by Tony Rossell_Marketing_Gener...
 
2012 Membership Marketing Benchmarking Report
2012 Membership Marketing Benchmarking Report2012 Membership Marketing Benchmarking Report
2012 Membership Marketing Benchmarking Report
 
2012 Connell & Partners Fall Pulse Survey Participant Report
2012 Connell & Partners Fall Pulse Survey Participant Report2012 Connell & Partners Fall Pulse Survey Participant Report
2012 Connell & Partners Fall Pulse Survey Participant Report
 
Offsite ppt1
Offsite ppt1Offsite ppt1
Offsite ppt1
 
Economic Development Marketing in Canada
Economic Development Marketing in CanadaEconomic Development Marketing in Canada
Economic Development Marketing in Canada
 
Day1 opening plenary 1
Day1 opening plenary 1Day1 opening plenary 1
Day1 opening plenary 1
 
Admin Task Force Summary Charts
Admin Task Force Summary ChartsAdmin Task Force Summary Charts
Admin Task Force Summary Charts
 
Corporate Volunteering in Korea
Corporate Volunteering in KoreaCorporate Volunteering in Korea
Corporate Volunteering in Korea
 
Reward trends - Aon Hewitt
Reward trends - Aon HewittReward trends - Aon Hewitt
Reward trends - Aon Hewitt
 
Riding Wave Social Networking 24 Mar 2009
Riding Wave Social Networking 24 Mar 2009Riding Wave Social Networking 24 Mar 2009
Riding Wave Social Networking 24 Mar 2009
 
Marketing Trends & Analysis: 2011 Higher Education Survey Results
Marketing Trends & Analysis: 2011 Higher Education Survey ResultsMarketing Trends & Analysis: 2011 Higher Education Survey Results
Marketing Trends & Analysis: 2011 Higher Education Survey Results
 
Korea Fund, Inc. Second Quarter 2012
Korea Fund, Inc. Second Quarter 2012Korea Fund, Inc. Second Quarter 2012
Korea Fund, Inc. Second Quarter 2012
 
Charting for few Good Performing Funds
Charting for few Good Performing FundsCharting for few Good Performing Funds
Charting for few Good Performing Funds
 
Financial Times 2010 Fund Image summary of findings
Financial Times 2010 Fund Image summary of findingsFinancial Times 2010 Fund Image summary of findings
Financial Times 2010 Fund Image summary of findings
 
AdoTube_2012 Global Format Index
AdoTube_2012 Global Format IndexAdoTube_2012 Global Format Index
AdoTube_2012 Global Format Index
 
Executive Monitor
Executive MonitorExecutive Monitor
Executive Monitor
 
Tv Industry Report 2012
Tv Industry Report 2012Tv Industry Report 2012
Tv Industry Report 2012
 

Recently uploaded

Maksym Vyshnivetskyi: PMO Quality Management (UA)
Maksym Vyshnivetskyi: PMO Quality Management (UA)Maksym Vyshnivetskyi: PMO Quality Management (UA)
Maksym Vyshnivetskyi: PMO Quality Management (UA)
Lviv Startup Club
 
Digital Transformation in PLM - WHAT and HOW - for distribution.pdf
Digital Transformation in PLM - WHAT and HOW - for distribution.pdfDigital Transformation in PLM - WHAT and HOW - for distribution.pdf
Digital Transformation in PLM - WHAT and HOW - for distribution.pdf
Jos Voskuil
 
anas about venice for grade 6f about venice
anas about venice for grade 6f about veniceanas about venice for grade 6f about venice
anas about venice for grade 6f about venice
anasabutalha2013
 
FINAL PRESENTATION.pptx12143241324134134
FINAL PRESENTATION.pptx12143241324134134FINAL PRESENTATION.pptx12143241324134134
FINAL PRESENTATION.pptx12143241324134134
LR1709MUSIC
 
Global Interconnection Group Joint Venture[960] (1).pdf
Global Interconnection Group Joint Venture[960] (1).pdfGlobal Interconnection Group Joint Venture[960] (1).pdf
Global Interconnection Group Joint Venture[960] (1).pdf
Henry Tapper
 
Set off and carry forward of losses and assessment of individuals.pptx
Set off and carry forward of losses and assessment of individuals.pptxSet off and carry forward of losses and assessment of individuals.pptx
Set off and carry forward of losses and assessment of individuals.pptx
HARSHITHV26
 
Enterprise Excellence is Inclusive Excellence.pdf
Enterprise Excellence is Inclusive Excellence.pdfEnterprise Excellence is Inclusive Excellence.pdf
Enterprise Excellence is Inclusive Excellence.pdf
KaiNexus
 
20240425_ TJ Communications Credentials_compressed.pdf
20240425_ TJ Communications Credentials_compressed.pdf20240425_ TJ Communications Credentials_compressed.pdf
20240425_ TJ Communications Credentials_compressed.pdf
tjcomstrang
 
Attending a job Interview for B1 and B2 Englsih learners
Attending a job Interview for B1 and B2 Englsih learnersAttending a job Interview for B1 and B2 Englsih learners
Attending a job Interview for B1 and B2 Englsih learners
Erika906060
 
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
BBPMedia1
 
Skye Residences | Extended Stay Residences Near Toronto Airport
Skye Residences | Extended Stay Residences Near Toronto AirportSkye Residences | Extended Stay Residences Near Toronto Airport
Skye Residences | Extended Stay Residences Near Toronto Airport
marketingjdass
 
Unveiling the Secrets How Does Generative AI Work.pdf
Unveiling the Secrets How Does Generative AI Work.pdfUnveiling the Secrets How Does Generative AI Work.pdf
Unveiling the Secrets How Does Generative AI Work.pdf
Sam H
 
Pitch Deck Teardown: RAW Dating App's $3M Angel deck
Pitch Deck Teardown: RAW Dating App's $3M Angel deckPitch Deck Teardown: RAW Dating App's $3M Angel deck
Pitch Deck Teardown: RAW Dating App's $3M Angel deck
HajeJanKamps
 
BeMetals Presentation_May_22_2024 .pdf
BeMetals Presentation_May_22_2024   .pdfBeMetals Presentation_May_22_2024   .pdf
BeMetals Presentation_May_22_2024 .pdf
DerekIwanaka1
 
Introduction to Amazon company 111111111111
Introduction to Amazon company 111111111111Introduction to Amazon company 111111111111
Introduction to Amazon company 111111111111
zoyaansari11365
 
5 Things You Need To Know Before Hiring a Videographer
5 Things You Need To Know Before Hiring a Videographer5 Things You Need To Know Before Hiring a Videographer
5 Things You Need To Know Before Hiring a Videographer
ofm712785
 
Exploring Patterns of Connection with Social Dreaming
Exploring Patterns of Connection with Social DreamingExploring Patterns of Connection with Social Dreaming
Exploring Patterns of Connection with Social Dreaming
Nicola Wreford-Howard
 
Affordable Stationery Printing Services in Jaipur | Navpack n Print
Affordable Stationery Printing Services in Jaipur | Navpack n PrintAffordable Stationery Printing Services in Jaipur | Navpack n Print
Affordable Stationery Printing Services in Jaipur | Navpack n Print
Navpack & Print
 
falcon-invoice-discounting-a-premier-platform-for-investors-in-india
falcon-invoice-discounting-a-premier-platform-for-investors-in-indiafalcon-invoice-discounting-a-premier-platform-for-investors-in-india
falcon-invoice-discounting-a-premier-platform-for-investors-in-india
Falcon Invoice Discounting
 
Memorandum Of Association Constitution of Company.ppt
Memorandum Of Association Constitution of Company.pptMemorandum Of Association Constitution of Company.ppt
Memorandum Of Association Constitution of Company.ppt
seri bangash
 

Recently uploaded (20)

Maksym Vyshnivetskyi: PMO Quality Management (UA)
Maksym Vyshnivetskyi: PMO Quality Management (UA)Maksym Vyshnivetskyi: PMO Quality Management (UA)
Maksym Vyshnivetskyi: PMO Quality Management (UA)
 
Digital Transformation in PLM - WHAT and HOW - for distribution.pdf
Digital Transformation in PLM - WHAT and HOW - for distribution.pdfDigital Transformation in PLM - WHAT and HOW - for distribution.pdf
Digital Transformation in PLM - WHAT and HOW - for distribution.pdf
 
anas about venice for grade 6f about venice
anas about venice for grade 6f about veniceanas about venice for grade 6f about venice
anas about venice for grade 6f about venice
 
FINAL PRESENTATION.pptx12143241324134134
FINAL PRESENTATION.pptx12143241324134134FINAL PRESENTATION.pptx12143241324134134
FINAL PRESENTATION.pptx12143241324134134
 
Global Interconnection Group Joint Venture[960] (1).pdf
Global Interconnection Group Joint Venture[960] (1).pdfGlobal Interconnection Group Joint Venture[960] (1).pdf
Global Interconnection Group Joint Venture[960] (1).pdf
 
Set off and carry forward of losses and assessment of individuals.pptx
Set off and carry forward of losses and assessment of individuals.pptxSet off and carry forward of losses and assessment of individuals.pptx
Set off and carry forward of losses and assessment of individuals.pptx
 
Enterprise Excellence is Inclusive Excellence.pdf
Enterprise Excellence is Inclusive Excellence.pdfEnterprise Excellence is Inclusive Excellence.pdf
Enterprise Excellence is Inclusive Excellence.pdf
 
20240425_ TJ Communications Credentials_compressed.pdf
20240425_ TJ Communications Credentials_compressed.pdf20240425_ TJ Communications Credentials_compressed.pdf
20240425_ TJ Communications Credentials_compressed.pdf
 
Attending a job Interview for B1 and B2 Englsih learners
Attending a job Interview for B1 and B2 Englsih learnersAttending a job Interview for B1 and B2 Englsih learners
Attending a job Interview for B1 and B2 Englsih learners
 
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
 
Skye Residences | Extended Stay Residences Near Toronto Airport
Skye Residences | Extended Stay Residences Near Toronto AirportSkye Residences | Extended Stay Residences Near Toronto Airport
Skye Residences | Extended Stay Residences Near Toronto Airport
 
Unveiling the Secrets How Does Generative AI Work.pdf
Unveiling the Secrets How Does Generative AI Work.pdfUnveiling the Secrets How Does Generative AI Work.pdf
Unveiling the Secrets How Does Generative AI Work.pdf
 
Pitch Deck Teardown: RAW Dating App's $3M Angel deck
Pitch Deck Teardown: RAW Dating App's $3M Angel deckPitch Deck Teardown: RAW Dating App's $3M Angel deck
Pitch Deck Teardown: RAW Dating App's $3M Angel deck
 
BeMetals Presentation_May_22_2024 .pdf
BeMetals Presentation_May_22_2024   .pdfBeMetals Presentation_May_22_2024   .pdf
BeMetals Presentation_May_22_2024 .pdf
 
Introduction to Amazon company 111111111111
Introduction to Amazon company 111111111111Introduction to Amazon company 111111111111
Introduction to Amazon company 111111111111
 
5 Things You Need To Know Before Hiring a Videographer
5 Things You Need To Know Before Hiring a Videographer5 Things You Need To Know Before Hiring a Videographer
5 Things You Need To Know Before Hiring a Videographer
 
Exploring Patterns of Connection with Social Dreaming
Exploring Patterns of Connection with Social DreamingExploring Patterns of Connection with Social Dreaming
Exploring Patterns of Connection with Social Dreaming
 
Affordable Stationery Printing Services in Jaipur | Navpack n Print
Affordable Stationery Printing Services in Jaipur | Navpack n PrintAffordable Stationery Printing Services in Jaipur | Navpack n Print
Affordable Stationery Printing Services in Jaipur | Navpack n Print
 
falcon-invoice-discounting-a-premier-platform-for-investors-in-india
falcon-invoice-discounting-a-premier-platform-for-investors-in-indiafalcon-invoice-discounting-a-premier-platform-for-investors-in-india
falcon-invoice-discounting-a-premier-platform-for-investors-in-india
 
Memorandum Of Association Constitution of Company.ppt
Memorandum Of Association Constitution of Company.pptMemorandum Of Association Constitution of Company.ppt
Memorandum Of Association Constitution of Company.ppt
 

Larry Dowell - Insights from the 2012 MACE Compensation & Benefits Survey

  • 1. Compensation & Benefits Survey 2012 Larry Dowell | Dowell Stute and Associates
  • 2. About MACE Founded in 1972, serves five-state region Iowa, Minnesota, Nebraska, North Dakota, South Dakota Purpose is three-fold • Provide continuing education opportunities • Facilitate connection with industry peers • Develop a regional ethic among chambers of commerce Expanded Product Line • Annual Conference • Compensation & Benefits Survey • Membership Satisfaction Survey • Newsline • Chamber Insight Webinars 2
  • 3. Board of Directors • Daron Van Helden – Burnsville, MN (Chair) • Andy Peterson – ND Chamber (Vice Chair) • Larry Dowell – Dowell Stute & Associates (Secretary/Treasurer) • Dan Mauk – North Platte, NE • Lori Warner – Beatrice, NE • Kay Breuer – Burlington, IA • Darlene Macklin - Worthington, MN • Ken Warner - Willmar, MN • Sonya Moller – Mitchell, SD • Peggy Woolridge – Huron, SD • Kelvin Hullet – Bismarck, ND • Tom Kuhlman – Okoboji, IA • Vicki Mallory – Algona, IA • Douglas Loon – U.S. Chamber • Evan Nolte – Sioux Falls, SD 3
  • 4. Survey Background Methodology Self reporting, sampling, corrupt data Who was surveyed • Iowa, Illinois, Nebraska, Minnesota, North Dakota, South Dakota, Wisconsin Who participated 4
  • 5. State Participation 49 6 WI 26% IL 20% 56 SD 4% 8 ND 3% IA 19% 42 40 NE 6% 12 MN 23% Trend Lines Overall, participation was up in 2012 from 2010. The addition of Illinois in 2012 increased overall numbers substantially. 5
  • 6. Gender of Chief Paid Executive 36.7% 63.2% Percentages have remained stable since 2008 6
  • 7. Age of Chief Paid Executive 5% 10% 20% 35% 18-29 30-37 38-45 46-55 30% Over 55 7
  • 8. Interesting 2012 Facts 93% 4% 44.7 92% Of chambers have a Average retirement Average age of Chambers surveyed full-time Chief Paid match by employer chamber Executive use Facebook. 15% Executive for Executive have a mobile app. $16,225 $35,658 $309.51 Average amount Special Projects Manager is Average monthly amount added to reserves the lowest paid employer pays for Executive’s during last fiscal year professional staff member auto reimbursement 8
  • 9. Chambers that operate a CVB Illinois Wisconsin 10% Iowa 38% 33% South Dakota Minnesota 85% 35% Nebraska 50% North Dakota 0% 9
  • 10. Chambers that made a profit 77% 55% 71% 2008 2010 2012 10
  • 11. Expense Categories Trends 48% Administration 16% Operations 33% Programs Generally, as budgets increase, the percentage spent on programs also increases. Salaries, benefits, etc. Rent, utilities, buildings, All other expenses equipment, etc. 11
  • 12. Does chamber directly contribute to cost of medical insurance? 49% 51% 2012 Yes No 2010 Annual Budget Half of chambers surveyed contribute to medical insurance. Over 95% of chambers with budgets over $300,000 contribute to the cost of medical insurance. 12
  • 13. If yes, what percent is paid for by the Chamber? % Paid Employee Spouse Family 1 – 19 % 6.5% 4.3% 4.3% 20 – 50 % 9.8% 10.6% 10.6% 51 – 70 % 7.6% 8.5% 8.5% 71 – 80 % 33.7% 40.4% 40.4% 81 – 99 % 5.4% 8.5% 8.5% 100 % 37% 27.6% 27.6% 13
  • 14. Market Penetration $100k $200k $1m↑ ↑ ↑ % of businesses who are chamber members drop as chamber grows larger Chamber members Potential chamber members 14
  • 15. Average # of employees 3.5 3 2.5 2 1.5 1 0.5 2006 2008 2010 2012 Full-Time Management Full-Time Non-Management Part-Time 15
  • 16. Membership Models Trends 50% Investment 40% Tiered Dues 10% Other 10% of chambers using membership investment formulas Formula plan on changing their membership model in the next 24 months Traditional dues Members choose Hybrid or other formula factoring in dues levels based approaches employee on needs or interest count, etc. 16
  • 17. Compensation Position Mean Median Minimum Maximum Chief Paid Executive $65,239.86 $58,000.00 $23,900.00 $190,000.00 Vice President $55,007.31 $47,741.00 $29,417.00 $109,463.00 Business, Financial or Administrative Manager $48,756.68 $40,000.00 $24,000.00 $93,542.00 Public or Government Affairs Manager $52,659.62 $50,000.00 $26,000.00 $95,000.00 Membership Manager $34,217.98 $33,000.00 (commission only) $81,500.00 Membership Salesperson $29,273.35 $27,840.96 (commission only) $80,000.00 Communications Manager $40,485.81 $38,000.00 $25,000.00 $68,000.00 Small Business Manager $57,216.67 $58,350.00 $36,000.00 $75,600.00 CVB Manager $46,648.84 $38,000.00 $25,168.00 $107,625.00 Special Projects Manager $35,658.80 $35,936.10 $18,000.00 $52,000.00 Information Services Manager $39,718.00 $37,500.00 $22,000.00 $59,250.00 Program Manager $38,790.94 $38,500.00 $19,337.00 $61,285.00 Economic Development Manager $66,129.57 $67,500.00 $27,040.00 $130,000.00 Administrative Assistant or Receptionist $29,029.25 $29,120.00 $16,000.00 $50,700.00 17
  • 18. Annual Base Salary Mean 2006 2008 2010 2012 Chief Paid Executive $54,082 $55,060 $56,257 $65,239 Vice President $47,045 $50,198 $53,407 $55,007 Membership Manager $32,423 $35,281 $33,686 $34,217 18
  • 19. Bonus & Pay Increase Position Percent who Average Potential have bonus plan Bonus Chief Paid Executive 47% $7,728.84 Vice President 33% $3,905.56 Business, Financial or Administrative Manager 35% $1,725.00 Public or Government Affairs Manager 42% $2,300.00 Membership Manager 50% $4,248.38 Membership Salesperson 38% $6,336.36 Communications Manager 34% $1,909.09 Small Business Manager 28% $1,000.00 CVB Manager 39% $2,370.00 Special Projects Manager 43% $3,466.67 Information Services Manager 50% $1,020.00 Program Manager 54% $1,742.11 Economic Development Manager 35% $5,700.00 Administrative Assistant or Receptionist 28% $989.86 19
  • 20. Profile of the Average Chamber Executive $50,000 and $50,001 - $100,001 - $200,001 - below $100,000 $200,000 $300,000 • Female • Female • Female • Female • 39.4 years old • 45 years old • 43.8 years old • 46 years old • Some College • Bachelor’s • Bachelor’s • Bachelor’s • 1-3 year tenure • 4-6 year tenure • 4-6 year tenure • 7-10 year tenure • 200 members • 200 members • 260 members • 401 members • $28,635 • $36,230 • $46,054 • $51,971 $300,001 - $500,001 - $750,001 – More than $500,000 $750,000 $1 million $1 million • Female • Male • Male • Male • 45 years old • 46 years old • 39 years old • 47 years old • Bachelor’s • Bachelor’s • Bachelor’s • Bachelor’s • 7-10 year tenure • 7-10 year tenure • 11-15 year tenure • 11-15 year tenure • 470 members • 607 members • 836 members • 1,154 members • $67,246 • $82,433 • $94,000 • $131,825 20
  • 21. Conclusion Full survey report will be posted on the MACE website June 15th Jun Chambers who participated will receive a code for a complimentary copy. Those 15 who did not participate can purchase the report for $45 2012 Chambers desiring custom reports or specific data requests should be directed to: Carrie Kirkpatrick, Dowell Stute & Associates carrie@dowellstute.com | 651-221-0850 21

Editor's Notes

  1. Pleased and honoredDSA 2008, 2010 and 2012 surveyThe need for industry benchmarksSurvey has many uses. For example: CEO compensation, fringe benefit plans, salary competitiveness research
  2. 2010: 1552012: 213Wisconsin and Illinois added and has a positive impact on averages such as executive compensation
  3. Identical percentage with a much larger sampleWisconsin: Highest percent female 73%Iowa: Highest percent male 55%
  4. Industry is aging, same as economy as a whole
  5. Salary comparisons are full-time onlyRetirement match increased from 3% in 2010 to 4% in 2012Average amount added to Reserves is up over 100% from 2010
  6. During most recent fiscal yearReturning to historical – 75-25Lowest profitability: Iowa 60%-40%Highest profitability: Wisconsin 77%-23%Highest profitability by income are those smaller chambers with budgets of $200,000-$300,000 – 82%
  7. Nebraska had highest Admin expense – 54%North Dakota had lowest Program expense – 17%
  8. 2010 – Chambers with budgets $100,000-$200,000, only 26% contribute to medical
  9. Note 75% in the 71-100% ranges
  10. $100,000-$200,000 = 45% penetration$1 million + = 14.29%
  11. Concerning – 2006: 6, 2012: 4.5Return to profitability by reducing overhead, i.e. staff
  12. Base rate increased – 2010: 235.27, 2012: 247.955% increase
  13. Quick review
  14. CEO increase only partially explained by Illinois additionMost growth came from within 6 statesExecutive 16% over 2010Membership 1.5% over 2010 and similar for other staff positions
  15. Larger the chamber, more likely to have bonus planCEO bonus – percent of chambers increased2010: 45%2012: 47%
  16. Note female to male trendNote tenure at chamberNote compensationGood news females 2% increase in women in top income categories