Chief Executive - What should I be earning?
Now, there's a question we are often asked!
How can you determine what constitutes a fair market rate of pay?
Sportspeople has accumulated a significant amount of data relating to remuneration practices in the sport, fitness, aquatic, coaching, venues, events, leisure and lifestyle sector. This information has been compiled through Sportspeople's recruitment work since 1996, our research (Sportspeople Jobs Index and Sportspeople Workplace Survey), thousands of roles listed with the Sportspeople Jobs Market since 1999 and as part of our ongoing remuneration benchmarking services.
For a benchmarking project such as a Chief Executive Officer role, Sportspeople develops a panel of like-sized organisations from which valid comparisons can be drawn. Sportspeople staff then undertake confidential interviews with members of the panel. Using a standard and trialled protocol, Sportspeople then calculates a present day market valuation of the position. This figure is known as the Market Valuation Amount (MVA).
Sportspeople Job Seeker Tip:
Every Chief Executive Officer role is so unique that one value to suit all positions simply doesn't work.
To demonstrate this point, let's take a look at a selection of Chief Executive Officer, General Manager and Executive Officer roles filled recently. To ensure you don't envy or pity the incumbent (depending on your circumstances), in our examples we've opted not to disclose the name of the employer.
- Chief Executive Officer - National Sporting Organisation - $350,000
- Chief Executive Officer - National Sporting Organisation - $120,000
- Chief Executive Officer - National Sporting Organisation - $110,000
- Chief Executive Officer - National Sporting Association - $200,000
- Chief Executive Officer - National Sporting Body - $220,000
- Chief Executive Officer - National Sporting Organisation - $180,000
- Executive Director - Peak National Body - $110,000
- Executive Officer - National Sporting Organisation - $60,000
- General Manager - State Sporting Body - $80,000
- General Manager - State Sporting Organisation - $85,000
- General Manager - State Sporting Organisation - $280,000
The above sample has a range of $60,000 to $350,000, a Standard Deviation (STDEV) of approximately $92,000 and an average value of approximately $163,000. These figures would be confusing to most and of no particular assistance to any remuneration discussions.
Don't sell yourself short and use recent job advertisements as the measure of what your job is worth. To find out more about our remuneration benchmarking services contact Sportspeople for an obligation free quote.
FREECALL 1800 634 388 (if calling from within Australia)
FREECALL 0800 634 388 (if calling from within New Zealand)
Telephone: (02) 9555 5000 +61 2 9555 5000
Facsimile: (02) 9555 7612 +61 2 9555 7612
Email: admin@sportspeople.com.au
