Results Released: 2024 National Executive Compensation Survey

By Monica Sorenson, PHR, SHRM-CP, Survey Manager
Published June 18, 2024

National Executive Compensation Survey cover

HR Source is excited to announce the release of the highly anticipated 2024 National Executive Compensation Survey!

This year, 1,964 U.S. organizations participated in cooperation with 12 associations of the Employer Associations of America (EAA). Survey participants contributed pay data for 12,345 executives in 48 top management positions. Compensation data is broken out by sales volume, industry, employment size, region, state, and metropolitan statistical area (MSA).

This report also contains a thorough benefits section and provides benchmarking data on supplemental benefits and perks reported by job group for manufacturing, non-manufacturing, public sector, and private employers.

Here are a few highlights:

The survey has a range of industries represented. 36.4% are manufacturing and 63.6% are non-manufacturing.
54.3% of respondents reported data in the Great Lakes regional breakout which includes Illinois.
Average projected wage increases reported for a sampling of positions include:

	WITH zeros and negatives		WITHOUT zeros and negatives
	2024	2023	2024	2023
100) Chief Executive Officer	4.3%	4.9%	5.1%	5.7%
200) Chief Financial Officer	4.4%	4.9%	4.8%	5.2%
305) Human Resource Director	4.5%	4.7%	4.8%	5.2%

Survey participants were sent instructions on how to access the results at the end of May. As always, member participants receive the report free of charge with our thanks for their participation. Non-participants and non-members can purchase a copy in our survey store. Click to download our 2024 survey calendar and never miss a free report again.

HR Source compensation analysts are available to help benchmark your positions and apply survey data to keep you competitive. Contact us today at 800-448-4584 or info@hrsource.org.