Salary Levels for Management Professionals Returning to Pre-Recession Levels

Salary Levels for Management Professionals Returning to Pre-Recession Levels

Salary Levels for Management Professionals Returning to Pre-Recession Levels

New York, NY  (Profitable.com)  Every quarter, FPC surveys professionals to gain insights on their perspective on workplace issues and trends. Of the approximately 1,000 professionals who responded to our latest Workplace Web Poll, 65% of respondents reported that the salary levels for positions for which they are interviewing are recovering somewhat from their recessionary drop or are now competitive with pre-recession salary levels. 26% of respondents indicated that salary levels are still significantly lower than pre-recession ranges, while 9% reported seeing salaries for some positions that were higher than pre-recession salaries.

Additionally, just under half of respondents reported receiving job offers that included a signing bonus, stock options, added vacation time, or relocation, or more than one of these compensation elements. 52% of respondents indicated they had not been offered any of those elements.

Finally, 24% of respondents reported receiving counteroffers from current employers when informed of the competing offer from another employer. 56% did not receive a counteroffer and report that they would not have accepted one in any event. 10% of respondents did receive a counteroffer and decided to remain in their current position.

Respondents surveyed during the months of June, July and August 2012, across all industries and job levels, answered the following questions:

“As the job market grows tighter for many in-demand fields, have you been offered any of the following?”

9% Signing bonus, stock options, or added vacation time
16% Relocation
23% More than one of the above
52% I have not been offered any of the above

“How do your salary expectations compare to the salary ranges presented by employers with whom you are interviewing?”

26% Salary levels for my discipline are still significantly lower than they were prior to the recession.
38% Salary levels seem to be recovering somewhat.
27% Salary levels are now competitive to position ranges prior to the recession.
9% I’m seeing salaries for some positions that are higher than pre-recession ranges.

“Have you received a counteroffer from an employer?”

10% Yes, and I stayed with that employer.
14% Yes, but I left the company anyway.
20% No, but I was hoping to receive one because I would have preferred to stay.
56% No, and I wouldn’t have accepted one anyway.

Ron Herzog, CEO & President of FPC, said, “Reports from job seekers of recovering salary levels is consistent with the overall trend FPC offices are seeing from our clients. Along with the increasing number of positions our clients are asking us to help them fill, the growth in salary levels leads us to maintain a cautious optimism that the employment market is truly improving for management professionals more generally.”

About FPC

FPC is a national executive search firm with close to 70 franchise offices. Since 1959, FPC recruiters have been committed to bringing together the right individual with the right opportunity. FPC conducts research to provide the most current advice and information to job candidates and client companies. FPC press releases share pertinent results with the public. For information about FPC, call 800-886-7839 or visit http://www.fpcnational.com.