compensation & benefits survey · ia 25% mn 18% mo 14% ne 12% nd 2% sd 7% wi 22% overall,...
TRANSCRIPT
Larry Dowell | Dowell Management
2016
Founded in 1972, serves six-state region Iowa, Minnesota, Nebraska, North Dakota, South Dakota, Wisconsin
Purpose is three-fold • Provide continuing education opportunities
• Facilitate connection with industry peers
• Develop a regional ethic among chambers of commerce
Expanded Product Line • Annual Conference
• Compensation & Benefits Survey
• Advocacy Alliance
• Membership Satisfaction Survey
• Newsline • Operations Survey
About MACE
Methodology Self reporting, sampling, corrupt data
Who was surveyed • Iowa, Missouri, Nebraska, Minnesota, North
Dakota, South Dakota, Wisconsin
Who participated
Survey Background
IA 25%
MN 18%
MO 14%
NE 12%
ND 2%
SD 7%
WI 22%
Overall, participation was steady from 2014.
However, there was a notable increase in
participants from Nebraska and Iowa.
Trend Lines
State Participation
Gender of Chief Paid Executive
63% 37%
In 2014, 68% of
chamber executives
were female
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
<50k
50k-100k
100k-200k
200k-300k
300k-500k
500k-750k
750k-1m
>1m
Female Male
Gender by Income Group
Unlike previous years, the $750 - $1m
income group is predominately female in
2016
Breaking the trend
4%
13%
19%
30% 33%
0%
5%
10%
15%
20%
25%
30%
35%
40%
18 to 29 years 30 to 37 years 38 to 45 years 46 to 55 years 55+ years
2010
2012
2014
2016
Age of Chief Paid Executive
Chambers that made a profit
55%
71% 73%
75%
Average # of employees
38% 62% 2016
Medical Insurance 63% of chambers with budgets over $300,000 contribute to the cost of medical insurance (down from 95% in 2012).
2012
2010
2014
Yes No
42%
49%
51%
Does chamber directly contribute to cost of medical insurance?
Benefit % of Chambers Offering Benefit
Club (civic) membership 60%
Qualified Retirement Plan 60%
Medical Insurance 41%
Life Insurance 31%
Club (social) membership 29%
Dental Insurance 26%
Long-term Disability 26%
Short-term Disability 24%
Benefit % of Chambers Offering Benefit
Paid Parking 19%
Tuition Reimbursement 17%
Cafeteria Plan Reimbursement 15%
HSA 12%
Furnished Auto 8%
Benefit Offerings for Chamber Executives
Overall CEO compensation has increased
2014 2016 % Increase
All Chambers $65,234 $68,858 5.5%
$100k-$200k $47,030 $47,514 1.0%
More than $1m $154,092 $165,923 7.6%
Income Group Avg Bonus Paid Avg Bonus Potential Average % Paid
<50k - - -
50k-100k $1,384 $2,028 79%
100k-200k $1,163 $1,796 75%
200k-300k $3,298 $7,258 78%
300k-500k $6,388 $6,767 87%
500k-750k $5,069 $9,530 59%
750k-1m $13,000 $15,500 83%
>1m $23,469 $26,321 73%
Chamber Executive Bonuses
40% Has bonus 60% Do not
GET READY TO PLAY…
COMP & BENEFITS TRIVIA
In 2016, Minnesota chambers have a record high percentage of chamber executives with a Bachelors degree or higher.
What was the percentage in 2008?
Question 1
2016: Minnesota: 77%
All chambers: 73%
2008: Minnesota: 56%
All chambers: 59%
Answer 1
Iowa has the youngest average chief
paid executives, while North Dakota
has the oldest.
What is the average age of all chamber
executives surveyed?
Question 2
Iowa: 41 years old
North Dakota: 50 years old
Minnesota: 48 years old
All Chamber Executives: 45 years old
Answer 2
What percentage of chamber
executives are part time?
Question 3
8%
Minnesota: 17% (the highest reported)
While 36.3% of all Administrative
Assistants are part-time.
Answer 3
What is the average bonus for the
Chief Paid Executive?
Question 4
Potential bonus:
All chambers: $7,959
Minnesota: $13,911
Actual bonus paid:
All chambers: $6,448
Minnesota: $11,726
Answer 4
Average Chamber $50,000 and below
Average Chamber $50,001-$100,000
Average Chamber $100,001-$200,000
Average Chamber $200,001-$300,000
Average Chamber $300,001-$500,000
Average Chamber $500,001-$750,000
Average Chamber $750,001-$1,000,000
Average Chamber More than $1,000,000
Full survey report is posted on the MACE website right now (http://www.midamericachamberexecutives.com)
Chambers who participated will receive a code for a complimentary copy. Those who did not participate can purchase the report for $45
Chambers desiring custom reports or specific data requests should be directed to: Jake Ganser, Dowell Management [email protected] | 651-300-6585
Conclusion
Any Questions?
Thank you