Executive Perks Keep Employees Hard at Work
The newly released Executive Compensation 2009/2010 survey found supplemental medical
coverage is offered to 32.7 percent of Chief Executive Officers, nationally. Supplemental
coverage is also provided to Chief Financial Officers and Chief Operating Officers at a rate of
23.5 and 20.6 percent, respectively.
Kansas City, KS (PRWeb via HRMarketer) October 8, 2009 -- During the past year, executive compensation
packages have come under increased scrutiny at organizations across the country. While many companies are
making efforts to cut back on the overall cost of executive compensation, offering perquisites that ensure the
effectiveness of their employees is gaining momentum.
The newly released Executive Compensation 2009/2010 survey found supplemental medical coverage is offered
to 32.7 percent of Chief Executive Officers, nationally. Supplemental coverage is also provided to Chief Financial
Officers and Chief Operating Officers at a rate of 23.5 and 20.6 percent, respectively.
"Ensuring the health of a company's top executives is of growing importance at organizations across the
country," said Amy Kaminski, manager of marketing programs for Compdata Surveys, the nation's leading
compensation and benefits data provider. "Executives are spending more time hard at work, both in and out of the
office, and the stress they encounter can take its toll on their health and by extension, their productivity."
Although offering perks of a practical nature has become a popular trend in recent years, the use of more
traditional perks remains prevalent at many companies. In the utilities industry, 50.7 percent of Chief Executive
Officers receive a company car. This is followed closely by CEOs in banking and finance at 47.7 percent and
manufacturing, 32.2 percent. Chief Executive Officers at not-for-profits receive access to company cars at a rate
of 27 percent, while hospitality only offers them at 5 percent.
The newly released results report that perquisites also vary by