How Much Should I Pay The Directors On My Board In 2020?
Apr 17, · How much does a Director make? The national average salary for a Director is $, in United States. Filter by location to see Director salaries in your area. Salary estimates are based on 61, salaries submitted anonymously to Glassdoor by Director employees. Jun 25, · According to the company's proxy statement, Walmart’s compensation program for outside directors offers base compensation of a $, annual .
Check the below indeed career pages for the detailed pay ranges for gow similar professions here:. Registered Nurse. Police Officer. Software Engineer. Real Estate Agent. Nursing Assistant. Truck Driver. Licensed Practical Nurse. Administrative Assistant.
Build a career you'll love What. Home Career Explorer Director Salaries. How much does a Director make in the United States? Per hour Per day Per week Per month Per year. Average base salary Data source tooltip for average base salary.
Additional compensation Data source tooltip for additional compensation. Cash bonus. Profit sharing. View more benefits. Was the salaries overview information useful? Top companies for Directors in United States 1. BNP Paribas. Deutsche Bank. Was this information useful? Highest paying cities in United States for Directors 1.
Where can a Director earn more? Compare salaries for Commpany in different locations. Search Location. Compare Explore What is the most recent blackberry bold openings. Most common benefits for Directors b. Was the benefit information useful? Salary satisfaction. How hwo do similar professions get paid in United States? Director Of Operations. Average salary. View salaries Job openings. Development Director.
Program Director. Executive Director. Regional Director. Associate Director. How much should you be earning? Get estimated pay range. See more details. Frequently asked questions Common questions about salaries for a Director.
How can I know if I am idrectors paid fairly? Was this answer helpful? Yes No. How much do similar professions to Director get paid? Check the below indeed career pages for the detailed pay ranges for the similar professions here: Director of Operations Executive Director.
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Apr 17, · The average salary for a Director is $89, per year in United States. Learn about salaries, benefits, salary satisfaction and where you could earn the most. Jan 16, · As you can see from the chart, directors earned a $31k retainer, $2, per meeting and $ per formal teleconference. We have seen a steady increase in director pay since Sep 19, · To get a feel for the median company with paid board directors, USA Today took a closer look at some numbers for director compensation for Applied Materials, which was # on their list. At Applied Materials, the median cost of a board is approximately $ million a year.
There's a huge variation orbiting that average though, depending on the size of the company, the number of meetings required and whether the company is public or private. It also varies with time: Corporations continue boosting director pay, year after year, faster than they do for their regular employees. Board members aren't paid by the hour. On top of this, they also may be paid a fee for each annual board meeting and another fee for meeting by teleconference.
At any given company, director pay may be set up differently. Some companies pay a higher base and don't pay extra for meetings. Some companies pay at least partly in stock options rather than with cash. Bigger companies unsurprisingly pay much more than the average.
The median director pay at the largest U. This means that half of the directors of major corporations earned more and half earned less.
The size of the company makes a difference to how board members are paid. Small companies are more likely to offer stock options that pay off if the company hits it big. Other factors influencing compensation include the number of yearly meetings, the nature of the industry and the structure of the business.
Whether the stock is privately held or publicly traded makes a difference; public companies have more oversight and more regulation to deal with. Corporate thinking is that this places more pressure on the directors so their rewards should be correspondingly greater. Directors' legal liability is often greater as companies are less inclined to insure them against lawsuits.
Nonprofit directors typically serve as unpaid volunteers. However the organization usually covers their expenses. Serving on a nonprofit board isn't going to enrich anyone, but it shouldn't cause directors to lose money either.
One thing that doesn't seem to matter is how well the directors perform. The vast majority of companies say they set compensation without consideration for the company's performance under their management. Average pay for directors has skyrocketed in the 21st century compared to pay for regular workers. According to Fortune magazine, compensation rates at the largest U. This has led to heated debates over whether director's actually earn that higher pay: Have they become that much more productive or talented compared to the rank and file?
Critics point out that the average board director puts in only a few hours a week on the job, while working full-time elsewhere. The critics also worry whether the pay gives directors an incentive not to rock the boat: Why argue with the rest of the board and risk eventually getting bounced? Supporters of higher pay argue that increased regulation really does demand that directors work harder now than, say, in the late 20th century. Fraser Sherman has written about every aspect of working life: the importance of professional ethics, the challenges of business communication, workers' rights and how to cope with bullying bosses.
He lives in Durham NC with his awesome wife and two wonderful dogs. You can find him online at frasersherman. Work Career Advice Salary and Compensation.
By Fraser Sherman Updated June 29, Related Articles.