2009 CoreNet Global Compensation Report - Executive Summary

2009 CoreNet Global Compensation Report - Executive Summary

December 2009

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

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