CoreNet Global Summits offer opportunities for members to network, learn and be recognized for professional achievements. CoreNet Global Summits bring corporate real estate (CRE) professionals together from across and from all aspects of the profession.
Expand your career through professional designation programs with CoreNet Global and grow your leadership skills in development programs customized for corporate real estate professionals.
Join in the vision of CoreNet Global as we continue to connect professionals, and the corporations they represent, worldwide through the offering of resources that help make CoreNet Global indispensable to the successful practice of corporate real estate.
CoreNet Global is an opinion leader in corporate real estate benchmarking, workplace and infrastructure management. Enhance your knowledge with resources like research papers, exclusive member survey reports and presentations from top speakers on hot industry topics. Members of CoreNet Global benefit from a wealth of research knowledge and resources.
CoreNet Global offers several ways for members to stay connected to the latest trends and news as it relates to corporate real estate (CRE). In an effort to stay connected to the latest information and CRE news, make sure you take advantage of all the offerings that are made available as part of your membership.
Join with CoreNet Global in our mission to advance the practice of corporate real estate through professional development opportunities, publications, research, conferences, and chapters and networking groups. Build life-long connections through interactions with like-minded professionals who are also looking for ways to gather and share corporate real estate knowledge.
2009 CoreNet Global Compensation Survey Executive Summary CoreNet Global, Inc. and FPL Associates L.P. are pleased to present the executive summary from our second annual CoreNet Global Compensation Survey. This survey examines the design, features, and administration of compensation programs and provides competitive compensation levels for positions commonly found in internal Corporate Real Estate (CRE) organizations. We are pleased to report that this year's survey includes responses from 287 Corporate Occupiers (End User members) representing in excess of 160 corporations. We hope you find this information valuable and, in turn, elect to participate in the 2010 administration of the survey. Topline Findings ■ Between calendar/fiscal year 2008 and 2009, dispositions increased for a majority (56%) of internal CRE organizations. Looking ahead, a majority of participants project no change in the level of investment activity (acquisitions, development, and dispositions) between 2009 and 2010. ■ In the last 12 months, a majority of participants? internal CRE organizations implemented a base salary freeze (58%) and a freeze on new hires (56%). ■ Between calendar/fiscal year 2008 and 2009, the percentage of participants receiving an increase in base salary (48%) matched those that had their salaries frozen (no change) (47%). Looking forward, a slightly higher percentage of participants anticipate an increase in their base salary (52%) compared to those expecting no change (44%). ■ In comparison to base salary changes, there was more variability in annual incentive award payouts for calendar/fiscal year 2008 compared to 2007. The value of bonuses decreased, remained the same (no change), and increased for 44%, 21%, and 36% of participants, respectively. ■ Cellular phone/wireless email and club memberships are the most common perquisites provided to participants.
Keywords: Compensation Study, 2009, Incentives, Commissions, FPL, Ferguson Partners, CoreNet Global Research, 2009
Please login to access this document.