The average fleet director earned more than $100,000 and fleet managers earned more than $83,000 in 2010, but more than half of those who responded to a recent survey also said their salaries were frozen at the beginning of the year, while another 10% saw their salaries reduced.
The results were gleaned from the 2010 Fleet Manager and Fleet Director Compensation Survey, from FleetAnswers.com. The social networking site for fleet managers surveyed more than 200 fleet directors and managers in the United States and Canada.
Size does matter when it comes to compensation, said Chris Shaffer, partner, FleetAnswers.com. “We saw a clear distinction between a fleet’s size and title function. There is a direct correlation between compensation for directors and managers, and between smaller fleets and larger fleets.”
Of those fleet professionals who did not see a raise in 2010, 68% are in public fleets (city, county, state and federal) while 32% are private fleet professionals (utility, telecom, cable, private).
A total of 65% of the directors and managers had some college education, whether it was a two-year associate’s degree (17% of the respondents), a bachelor’s degree (32%) or a master’s degree (16%). Another 25% had a high-school diploma, while 8% went to trade school.
About one fifth (18%) of the respondents obtained some type of fleet certification, but it appears that the certification has little to no impact on annual salary, Shaffer said.
There were some significant disparities between women and men in both education and salaries. Almost 60% of the female fleet managers reported a high school education as their highest school level compared with 26% of the male fleet managers. That may partially account for a gap in compensation. Women fleet managers, on average, earned $63,094, or 27% less than men with the same title. Women fleet directors fared somewhat better, earning $91,500, 13% less than the average male fleet director ($105,251).
On top of salaries, 24% of the respondents received performance-based incentives which, for 75% of them, made up 15% of their total compensation.
Along with salary freezes, 51% of the respondents with incentives reported no increase in 2010 from 2009.
[via Light & Medium Truck]
Photo courtesy of Kevin Rawlings and re-used under the Creative Commons license.