Most not-for-profits pay fringe benefits, some much more than others……….
A recent study of business Association has determined that their CEO’s are lagging behind the private sector in a number of areas. The statics’ below for CEO fringe benefits equal approximately $ 6,500 per year. So where you are on the chart, are you receiving the fringe benefit compensation you deserve and how is your fellow CEO’s doing in comparison? The following will be helpful, keep in mind; this is for business Associations and is based upon a salary survey of $ 800 not-for-profit in the business Association sector.
One of my questions however, is some of these items included in the survey not really a ‘need’ in order to operate as a CEO? I question a Board who views a cell phone as a fringe benefit, what do you think?
But look at the chart below for a cell phone; can you imagine not having a cell phone or a laptop? I guess the CEO’s are paying for these necessities on their own…….
Please note, this information below does not include health or retirement benefits. These (especially) the retirement benefits can substantially increase the overall value of a fringe benefit compensation package. I will be providing more details on this tomorrow.
Fringe Benefit Category % of Surveyed CEO’s receiving the Benefit
Time off in lieu of overtime 48%
Home office internet 19%
Cell phone 73%
Club Memberships 10%
Conference registration 73%
Time off for external volunteer roles 19%
Laptop computers 66%
Maternity/paternity enhancements 6%
Use of Airline Points 47%
Educational Assistance Reimbursement 39%
Low interest/no interest loans 2%
Sabbaticals 3%
Fitness Club Memberships 10%
Business Class Airfare 10%
Retirement Counseling 5%
Tomorrow: Health Benefits and Retirement Benefits
