October 8 2008 - A recent report from
cell phones are the most popular executive perks.
The Executive Compensation 2008/2009 survey of 5,300
organizations found that 60.2 percent offered cell phones to executives as a perk with 43.8 percent of
employers providing laptops or home PCs in 2008. Fewer than a third of organizations in the survey
provided car allowances or company cars.
The report analyzes both national and regional data collected from 5,300 organizations across
the United States with almost 25,000 incumbents. 45 executive and senior management positions were analyzed
by base pay and total cash compensation.
The frequency of most executive perks on the revenue size of employing organizations
but cell phones were offered by over half of the companies surveyed, regardless of size. Company cars were
also offered by 20 to 30 percent of surveyed organizations across the board. But businesses with
revenues over $20 million were the most likely to provide executives with laptops or home PCs.
Perks mentioned in the survey included:
- cell phones (60.2%)
- car allowance (31.3%)
- company car (26.4%)
- supplemental life insurance (26.2%)
- voluntary deferred compensation programs (18.8%)
- annual physical exam (17.6%)
- supplemental disability program (16.9%)
- club membership(s) (15.7%)
- supplemental executive retirement plans (10.3%)
- supplemental medical insurance (6.2%)
- legal counseling (5.6%)
- post-retirement insurance (4.6%)
- supplemental vacations (4.5%)
- airline VIP lounge membership (3.1%)
- dependent tuition reimbursement (3.3%)
The number of organizations offering each kind of executive perk has remained
consistent over the past four years.