Printer Friendly

Executive Compensation Report Released by Staffing Industry Analysts, Inc.; Public Staffing Companies Pay Out Less at the Top.

LOS ALTOS, Calif. -- Total compensation for top staffing industry executives declined by a median of 26% in 2003, according to Staffing Industry Analysts, Inc., which released a report on executive compensation in the September 24, 2004 issue of its newsletter, Staffing Industry Report. The decline was reflected in lower bonuses, an artifact of the hard times the industry endured during the recent recession.

The specially commissioned report on the chief and second-highest paid executives revealed a median base salary of $364,112 and a median bonus of $135,575 in 2003. The most highly compensated executive in the industry was Max Messmer, CEO of Robert Half International (NYSE:RHI), who received $11.8 million in total compensation.

According to the report, cash remains the compensation linchpin in the staffing industry. "This was noticeably so compared to other industries," said Barry A. Asin, Chief Industry Analyst for Staffing Industry Analysts, Inc., "with staffing industry executives receiving 71% of total compensation in cash compared to 57% in other industries."

Total compensation as a percent of revenue for the top two executives combined was usually less than 1%, although several firms did pay out more than 2%. According to Staffing Industry Analysts' proprietary benchmarking data, for most large staffing firms, total personnel costs as a percent of revenue are currently in the 8% to 13% range.

About Staffing Industry Analysts, Inc.

Staffing Industry Analysts, Inc. is the leading provider of business intelligence, market data, news, and analysis to staffing industry executives as well as industry suppliers, analysts and buyers of staffing services. Products and services include benchmarking reports, market research, print/electronic publications, and executive conferences. Staffing Industry Report, the U.S. staffing industry's trade newsletter, is entering its 15th year of publication.
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Sep 24, 2004
Words:290
Previous Article:Betmaker.com Introduces New 900-Pay Service.
Next Article:Hydro-Quebec Constructs 385 Megawatt Hydroelectric Dam in the Peribonka River Basin, an Advisory from Industrialinfo.com.


Related Articles
What today's association executives earn.
2001 TECH SUPPORT SALARY SURVEY.
Compare & Contract.
Gender gap widening in association compensation. (Newsline).
Competitive pay: a new salary study sets baselines for mid-level and support staff.
Lobbying in associations. (Eye on the Industry).
Compensation conundrum: mixed reports make compensation expectations tricky.
BRIEFCASE IHOP SIGNS DEAL FOR UP TO 40 SITES.
Super salaries: 4th annual salary report.
Survey reveals emphasis on tying pay to quality: physician executive pay increase holds steady near 7 percent.

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters