Fort Myers, FL (May 24, 2012) — Keith W. Trowbridge, Ph.D., President of Executive Quest, Inc. http://www.execq.com, an executive search firm for the timeshare/vacation ownership/fractional industry, has announced the results of Executive Quest’s annual salary survey. “The industry is looking up as far as the economy is concerned as reflected in the survey responses,” says Trowbridge.
The salary figures for the 2012 study originated from the 20,000+ contacts maintained by Executive Quest through its newsletter subscriptions. A full copy of the salary study may be purchased at http://www.execq.com/salarystudy.htm.
The survey’s 24 categories consist of Sales, Marketing, Finance, Human Resources, Resort/General Managers, CEO’s, CFO’s, etc., and include Minimum, Maximum, Mean figures for each category of compensation – Salary, Commission, Bonus, Non-Cash Perks and Total Annual Compensation. The same holds true for the other columns of Years in the Industry, Resort Locations, Units and Total Annual Company Revenue. The survey includes only the Total Annual Compensation for each category.
Many executives received non-cash perks including a company automobile, health and life insurance, contributions to a 401(k), housing for family/visitors. Relocation expenses and housing for an initial period are also a part of the non-cash perks enjoyed by many. The non-cash perks were converted to a dollar amount and are included in the Total Compensation figures.
The salary study is a valuable tool in business operations for purposes of budgeting, hiring, promoting and training objectives. As these salary studies are important to everyone in the industry, and Executive Quest is the only firm to do an industry salary survey, the company hopes for an even greater participation in next year’s salary study.
Keith Trowbridge, Ph.D., who spent 35 years in the vacation ownership business as a developer, has spent the last 18 years in the headhunting business via his company, Executive Quest, Inc., a timeshare/vacation ownership/fractional industry executive search firm with clients worldwide. Inquiries can be made to Keith at keith(at)execq(dot)com 239-454-1100 or Jim Perkins at jim(at)execq(dot)com 936-856-3983.