CEO bonuses and incentives on the decline
It’s not just the rank-and-file workers who are seeing a decrease in popular benefits.
Last year, the number of firms that offered perks to CEOs dropped to 61.5%, compared to the 89.8% who did so in 2009.
That’s based on research from Compdata’s Executive Compensation 2011/2012 poll of 4,500 U.S. businesses.
Here’s a breakdown of the specific CEO benefits firms are scaling back on:
- 23.5% of firms offered their CEO a company car in 2011, compared to 28.3% in ’09.
- 21.2% of CEOs were offered voluntary deferred compensation programs last year, down from 24.4% in ’09, and
- 16.9% of companies offered CEOs annual physical exams in 2011, whereas 21.4% did so in 2009.
In terms of bonuses, the decreases varied by industry. Here are the three that saw the greatest drop:
- Hospitality: Less than half (40%) of the CEOs in the survey received bonuses last year, compared to 65% in ’09
- Insurance: 53.2% of received bonuses last year, down from 62.4% in 2009, and
- Utilities: 12.5% received bonuses in 2011, compared to 20.9% in ’09.
- Share on
Free Training & Resources
Webinars
Provided by Insightsoftware
Further Reading
A missed federal payroll tax deposit can trigger hefty penalties — they just went up on July 1. But a new IRS program could provid...
IRS just released guidance on a new type of emergency savings account, created under the Secure 2.0 Act of 2022. Employers can start off...
A new DOL opinion letter addresses off-the-clock work, rounding policies, and the de minimis defense – and the conclusions should prompt ...
On July 4, 2025, the One Big Beautiful Bill Act became law, with numerous tax implications for employers as well as employees. HR 1 exte...
As you’re prepping to file Forms W-2 or Forms 1099 for TY 2023, you know it’s tough to avoid all errors. So, it helps to be pre...
When IRS reduced the electronic filing threshold, the change impacted a long list of information returns. Now, the list of forms to e-file ...
