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Convenience Store News 2009 - Industry Salary Survey
Stagnito Media, Jan 2009, Pages: 3
While convenience industry salaries in most positions have increased over the past few years, the recession clearly made a mark on total compensation, as bonuses, commissions and other compensation have tumbled, according to the latest Convenience Store News Salary Survey. This four-page report includes compensation tables for a wide range of convenience store executive and store-level positions.
CEOs have taken the largest hit, with total compensation down 3.5 percent over the past three years. While the average salary for this top position increased 3.7 percent since our last study in 2006, bonuses, commissions and additional compensation plummeted 47 percent during this period.
As a result, 82.9 percent of total compensation now comes from salary, compared to 77.2 percent in 2006.
Likewise, presidents saw their total compensation decline 4.2 percent - the largest drop among all titles surveyed. This decline was due to decreases of 0.9 percent in salary and 18.1 percent in bonus and additional compensation since 2006.
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