HRC Associates is pleased to present its 2011-2012 Compensation Report for Executive, Managerial and Professional Positions.
When we launched the Survey earlier this year under the theme “Stalemate or Stability?, Compensation In An Uncertain Economic Environment” the global economy as well as that of Trinidad and Tobago continued to experience slow to negative growth, and moderate recovery with minimum increases in compensation. In this year’s Survey we are reporting overall average salary increases of 5.6% for 2011. We therefore declare that Executive Compensation remains in a Stalemate position since the average increases for the 2009-2010 period was more or less the same.
This Report is the 14th over the past 21 years in HRC Associates’ biennial series. It illustrates levels and types of compensation for one hundred and twenty-nine (129) companies in eleven (11) major industry groups. The 2011 total cash compensation (salary, bonus, and direct cash perquisites) of two hundred and forty (240) Executive, Managerial and Professional positions are reported in charts and tables. We have continued in this year’s Survey to report on the incidence of short and long-term incentive compensation, including annual bonus plans.
HRC Associates’ Surveys are recognised regionally as the most comprehensive, accurate, and analytical compensation data sources in the Caribbean. In addition to our biennial report, HRC Associates conducts customised compensation surveys specific to the requests of our clients.
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