Special Report: Readers Benchmark Earnings
Time Well Spent?Regardless of title, survey respondents were firmly entrenched in the profession. More than one third (33.8%) have been in the field longer than 20 years, while a small percentage (5%) has been in it for less than three years. It was no surprise that time in the profession translated into better salaries. Those with 20+ years under their belts registered high percentages in the $80,000 to $99,999 ranges. As the years in the field decreased, so did reported salaries. Of those with five to 10 years in the profession, 27% reported earnings less than $50,000. Interestingly enough, company loyalty appeared to slow salary growth, particularly for respondents who spent more than 20 years with one organization. The majority of these participants (16.4%) earned between $60,000 and $69,000, as did the majority (20.4%) of newer employees (three to five years at the company). However, the majority (19.2%) of those spending 15 to 20 years with the company earned between $70,000 and $79,000. This appeared to be the plateau for survey respondents. Meanwhile, long-term employees scored the highest percentage (4.1%) in the $200,000+ salary category. A small portion (1.4%) of relative newcomers (one to three years with one company) also reported earnings in this top range.
Learn More, Earn MoreMany believe the responsibilities associated with facility management are best understood while on the job. In some cases that may be true, but survey respondents clearly acknowledge financial rewards based on degrees earned. More than one third (35.9%) received Bachelor’s Degree, followed by those with some college, but no degree (29.6%). A Master’s Degree was more widely reported (14.6%) than an Associate’s Degree (11.3%), and a small sample (7.5%) received only their high school diplomas. An even smaller group (1.1%) achieved a PhD. As for earnings, the majority figures stacked up this way:
- PhD: $100,000 to $109,999
- Master’s Degree: $80,000 to $89,999
- Bachelor’s Degree: $80,000 to $89,999
- Associate’s Degree: under $50,000
- Some College: $50,000 to $59,999
- High School Only: under $50,000
Money Makes MoneyThe top three sectors for respondents were education (17%), health care (15%), and manufacturing (11%). According to results presented in last year’s article, the majority of managers in the education sector earned between $50,000 to $59,999. Results from the 2005 TFM survey showed tallies that straddled this figure. A majority (20.2%) earned less than $50,000, followed closely by 16% at $60,000 to $69,000; 15.1% earned both $90,000 to $99,999 and $70,000 to $79,999. In 2002, median annual salaries for medical and health services managers were $61,370. This figure was mirrored in the TFM survey, with the majority (18.5%) earning between $60,000 and $69,999. Higher salaries followed, with 17.6% bringing in between $80,000 and $89,999. Manufacturing followed the same pattern. Overall, financial services seemed to offer the highest salaries. This industry had the top percentage of earners in the $200,000 and over category (4.3%), and the average salary for most (14.5%) was between $90,000 and $99,999.
Big Space, Big BucksNearly half (42.1%) of survey respondents worked for companies that employed more than 1,000 people. [Chart 5.] More than half paid their managers moderately high wages, with 56% earning between $60,000 and $99,999. Companies with fewer than 100 employees were generous too, with 24.3% of respondents earning between $80,000 and $119,999. At the same time, this group brought home the smallest paychecks, with 22.5% earning less than $50,000. Square footage was also a factor in terms of salary. Those with more than 10 million square feet tended to rank at the upper portion of the scale. The majority of people managing four to six million square feet of space (16.7%) earned between $70,000 and $79,999. This salary range was also the most common for smaller facilities (between 250,000 and 499,999 square feet) with 19.3% earning this figure. Once again, smaller spaces (100,000 square feet or less) distributed the smallest paychecks, with 34.8% earning less than $50,000. An overwhelming majority of survey participants (84%) were charged with primary management of their departments. Most representatives from this group (16.2%) earned between $60,000 and $69,999. The largest group of non-managers (21.2%) earned less than $50,000.
The Ideal PositionAccording to the results of this survey, the most lucrative profile would be the following:
- VP/Director of Facilities & Buildings;
- 20+ years in the field;
- 15 to 20 years with one company;
- College degree earned (PhD preferred);
- Financial services sector;
- Company size more than 1,000 employees; and
- More than 10 million square feet managed.
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