Human Resources News & Insights

Fewer CEOs collecting bonuses, incentives, perks

Companies are getting stingier when it comes to offering CEOs juicy benefits.

In 2011, the number of companies offering perquisites to CEOs fell drastically to 61.5% from 89.8% in 2009, according to Compdata’s Executive Compensation 2011/2012 survey of 4,500 organizations nationwide.

What are companies cutting back on?

  • Company cars — 23.5% of employers offered their CEO a company car in 2011, compared to 28.3% in 2009.
  • Voluntary deferred compensation programs — 21.2% offered them in 2011, down from 24.4% in 2009.
  • Annual physical exams — 16.9% offered them in 2011, compared to 21.4% in 2009.
  • Bonuses — the survey summary broke down bonus figures in the three industries impacted most (see below).

The largest drops in the number of bonuses paid out occurred in three industries:

  • Hospitality — 40% of CEOs received bonuses in 2011, down from 65% in 2009.
  • Insurance — 53.2% received bonuses in 2011, compared to 62.4% in 2009.
  • Utilities — 12.5% received bonuses in 2011, down from 20.9% in 2009.
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