89% of corporate real estate executives at large corporations reported that their base salary increased from 2013 to 2014, and 86% projected further increases in 2014, according to a survey conducted by CoreNet Global and FPL Associates.
Of the 47% of respondents that have operations in Asia, 44% saw an increase in annual incentives from 2012 to 2013 and 51% expect an increase from 2013 to 2014. 63% of the same group saw an increase in long-term incentives from 2012 to 2013 and 34% expect an increase in from 2013 to 2014.
The average total annual cash compensation for a head of corporate real estate globally was $231,197 in 2014, compared to $209,693 in 2013, an increase of more than 10%.
“For several years now, we have been seeing compensation growing in our profession,” said Angela Cain, CEO, CoreNet Global. “We believe these increases are the direct result of corporate real estate professionals assuming more strategic roles and taking on more leadership positions within the corporation.”
“Effective management of corporate real estate now encompasses finance, technology, workplace and often the corporate brand itself,” Cain added.
Paul Arkwright
Publisher
