Trésorier/Treasurer magazine - N°90 - July/Aug/Sep 2015 - (Page 13)

FOCUS The survey brought to light significant AVERAGE % OF OVERALL COMPENSATION PAID AS A BONUS Average annual bonus worldwide: 15.6% Middle East UK & Ireland 18.4% UK & Ireland North America 18.3% Continental Europe Africa South America more What do financial leaders around the world earn? 17.0% Middle East 14.8% Continental Europe 14.6% South America 13.9% Africa 43% + OR UNDER 12.7% Financial leaders aged 35 or under can expect to see their SALARY RISE 43% over the next 20 years Overall, CFOs worldwide had a good year in 2014 with global bonuses averaging 17.6% of their total compensation package. Despite shareholder and public pressure to curb payouts and limit bonuses, companies worldwide clearly feel their employers are in a position to reward them well. However, Page Executive's mandates across Financial leaders in larger companies (with a the world reflect a prevailing trend: financial leaders in the Middle East, the UK, Asia GLOBAL INSIGHTS financial department of over 100 employees) Pacific andmore North rates of confidence, a higher avethan in America a small structureshow significant can earn 67% CFO & higher FINANCIAL LEADERSHIP (those with fewer than 10 employees in finance) rage salary and higher bonuses thanBAROMETER elsewhere in the world. Continental Europe, still recovering from a bruising and restless economic situation, lies at the other end of the COMPENSATION & BENEFITS HIGHLIGHTS scale with an average annual salary of 114.7 K€ (compared to a global average of 125 K€) and 14.6% of overall compensation paid as a bonus. CFO SPOTLIGHT: AVERAGE ANNUAL BONUS WORLDWIDE is 17.6% 17.6% WHAT DO FINANCIAL LEADERS AROUND THE WORLD EARN? The survey brought to light significant variations in compensation & benefits, according to region, gender and size of employing company. Bonuses as a means of retention for top performers More than ever, European companies are looking for ways to generate more business profits and have little appetite to hire CFOs who do not understand fully their business sector inside-out. A deeper look in the UK and European bonus trends show those very same companies will argue they need to award handsome bonuses to reward and keep their top talent, perhaps tempted to go east for better salaries. According to Page Executive's global CFO Barometer, more than 40% of CFOs are ready to move to another country and 37% of them would even cross oceans for a bigger paycheck. TOTAL COMPENSATION, INCLUDING BONUS & BENEFITS Average annual salary worldwide: 125 k€ / 145 k$ 170.7 k€ 197.8 k$ AVERAGE % OF OVERALL COMPENSATION PAID AS A BONUS Average annual bonus worldwide: 15.6% Middle East UK & Ireland 18.4% 152.2 k€ 176.3 k$ UK & Ireland North America 18.3% 150.6 k€ 174.4 k$ Asia Pacific Asia Pacific North America Middle East 14.8% Continental Europe Continental Europe 14.6% South America 13.9% 143.7 k€ 166.5 k$ 114.7 k€ 132.8 k$ 99.2 k€ 114.9 k$ Africa 98.5 k€ 114.1 k$ South America On average, male financial leaders earn 16% more salary and 22% more bonus than their female counterparts MALE SALARY 16% MALE BONUS 22% Africa 43% + OR UNDER CFO SPOTLIGHT: AVERAGE ANNUAL BONUS 17.0% 12.7% Financial leaders aged 35 or under can expect to see their SALARY RISE 43% over the next 20 years / AUG / SEP 2015 North America Asia Pacific LE MAGAZINE DU TRESORIER / TREASURER MAGAZINE - N°90 - JULY Asia Pacific 13

Table of Contents for the Digital Edition of Trésorier/Treasurer magazine - N°90 - July/Aug/Sep 2015

Cover
Table of contents
EDITORIAL
FINANCIAL HIGHLIGHTS Luxembourg Tax News
INTERVIEW DataLog Finance
FOCUS
What do financial leaders around the world earn?
BIG DATA in treasury
Credit rating agencies in the line of fire?
FORUM
Hedge accounting: New standard, new challenges
Cyber Risk: Can Insurance be an Answer?
When FX Volatility hits your Corporate Earnings - How
Best to Manage your Currency Risk
Repo cash management - how it works in practice
20 ans de AXA IM, l’histoire continue
CORPORATE FINANCE
Time for more sophisticated corporate investment strategies
VAT electronic audit file: not too late to act, but no more time to lose
Focus sur l’actionnariat salarié
Struggling with cash forecasting? You are not alone
Coupling Delegation of Authority (DOA) with Bank Account Maagement (BAM)
15 MINUTES AVEC INTL FCStone
THE RISK OBSERVATORY
NEWS
LIFE BEYOND NUMBERS

Trésorier/Treasurer magazine - N°90 - July/Aug/Sep 2015