Corporate real estate compensation is increasing at a record rate. According to the Global End User Compensation survey from CoreNet Global and Ferguson Partners, annual cash compensation and total cash remuneration from 2018 to 2019 had the biggest increase in history, growing to $462,900 and $658,969 respectively.
The companies surveyed 134 professionals, including end-users or occupiers of corporate real estate, at 122 large corporations across the globe, including in the US, Asia, Europe, Latin America, Canada and Australia/New Zealand. Each corporation had a total of 42,567 total employees and an average of 85 professionals in the corporate real estate department, according to the survey.
Of the professional surveyed, 79% received an increase in their base salary from 2019 and 2020, and 57% of participants expect to receive an increase between 2020 and 2021. In addition, 95% of those surveyed said that they were eligible for an annual incentive bonus.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.