Executive Benefits Survey Results of the 2011 ... - Hay Group

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8 Executive Benefits Survey Executive Perquisite Prevalence The following perquisites are the most prevalent: � Cell phones / Blackberry � Company Car / Car Allowance � Severance Pay � Employment Contracts Perquisites that show increased prevalence from prior surveys are Executive Physical Examinations and Executive Coaching. Perquisites that have decreased in prevalence include Executive Medical Reimbursement and Country Club Memberships. Although still prevalent, Employment Contracts have also decreased in prevalence. Executive Perquisites Offered President & CEO Executive and Senior VPs VPs Based on Division Heads Compensation Cellular Phones 79% 94% 87% 83% 67% 9% Exec Severance Pay Practice 51% 87% 80% 58% 29% 8% Employment Contracts 48% 19% 55% 23% 13% 8% Exec Physical Exams 43% 96% 85% 55% 20% 4% Golden Parachutes 42% 92% 83% 31% 13% 7% Exec Parking 39% 95% 83% 56% 27% 1% Exec Group Life Insurance 37% 88% 80% 57% 22% 10% Exec LTD 37% 84% 80% 60% 26% 22% Car Allowance 36% 78% 71% 56% 34% 4% Average Car Allowance Amount $11,988 $10,921 $10,376 $11,187 $7,667 Personal Financial Counseling/Tax Prep 31% 95% 82% 40% 19% 6% Company Cars 30% 93% 57% 38% 24% 4% Home Office Equipment 29% 93% 66% 57% 29% 2% Exec Vacation Policy 28% 92% 84% 75% 33% 6% Executive Coaching 26% 92% 80% 52% 29% 5% Country Club Membership 24% 94% 51% 27% 9% 8% Company Aircraft - Personal Use 18% 95% 41% 10% 7% 2% Key Person Life Insurance 18% 93% 56% 36% 15% 11% Event Tickets or Boxes 16% 92% 71% 55% 35% 10% Post-Emp Consulting Agreement 15% 63% 67% 41% 28% 15% Airline Club Membership 15% 93% 67% 41% 20% 4% Athletic/Fitness Club Membership 14% 93% 75% 64% 34% 11% Exec Medical Reimbursements 13% 93% 79% 50% 24% 5% Paid Spouse Travel Expenses 13% 93% 56% 20% 7% 5% Luncheon Membership 13% 93% 65% 30% 13% 8% Excess Personal Liability Insurance 11% 89% 83% 60% 29% 6% Exec Retiree Medical 10% 91% 81% 59% 47% 6% Chaffeur 10% 90% 27% 10% 3% 7% Home Security 9% 89% 41% 11% 7% 7% Apartments/Houses/Suites 8% 71% 50% 13% 4% 4% Split Dollar Insurance 5% 73% 80% 53% 33% 13% Exec Dining Room 4% 86% 64% 50% 36% 14% Personal Legal Services 4% 92% 83% 67% 42% 8% Sabbatical Leave 3% 88% 88% 88% 75% 13% Dependent College Tuition 3% 63% 63% 63% 50% 25% Executive Flex Plan 3% 88% 75% 75% 50% 25% Average Executive Flex Plan Amount $24,800 $13,500 $6,750 $3,250 $6,000 With regard to tax gross ups of executive perquisites, 82% of respondents do NOT gross up any perquisites for tax purposes. Within the 18% of organizations that do gross up perquisites, car allowance is the most commonly grossed up perquisite. © 2011 Hay Group. All rights reserved. www.haygroup.com
9 Executive Benefits Survey Executive Benefits in the Future Most organizations are not planning to change their current executive retirement and perquisite programs. Are you expecting to make changes to your executive benefits program in the near future? Executive Deferred Retirement Compensation Perquisites Yes 9% 15% 9% No 91% 85% 91% Install 10% 17% 7% Improve 34% 41% 37% Cut Back 24% 7% 30% If you have any questions about this survey, or would like more specific information, please contact your Hay Group consultant or Malinda Riley (312.228.1822). © 2011 Hay Group. All rights reserved. www.haygroup.com
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Executive Benefits Survey Results of the 2011 ... - Hay Group

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