Corporate Investor Relations Officers See Compensation Gains According to Biennial NIRI and Korn/Ferry Survey

  Corporate Investor Relations Officers See Compensation Gains According to   Biennial NIRI and Korn/Ferry Survey  Business Wire  SEATTLE -- June 05, 2012  As the role of the Investor Relations Officer (IRO) at publicly traded companies becomes more complex and challenging, the compensation for this dynamic position is on the rise, according to the latest survey findings from the National Investor Relations Institute (NIRI) and Korn/Ferry International. The biennial study surveyed corporate IROs (including Fortune 500 IROs*) on trends in IR profession compensation, benefits and related practices.  Key survey findings:  Salaries – Compared with 2010 data which painted a picture of modest belt-tightening, 2012 data reveals that median base salaries are on the rise.    *Average base salary ranges were higher than in the previous two studies     (2010 and 2008); the largest segment reported a range of $175,000 to     $200,000, an increase of $50,000 from the reported range in both 2010 and     2008.   *Median base salary of all respondents was $175,000, an increase from     $156,000 in 2010.   *The median base salary of Fortune 500 IROs was $195,000, an increase from     $170,000 in 2010.  Bonuses – The 2012 survey data also revealed a boost in cash bonuses received.    *The percentage of all respondents receiving a cash bonus increased to 82     percent from 71 percent in 2010.   *The proportion of Fortune 500 IROs receiving cash bonuses of between     $50,000 and $100,000 continued to climb for the fourth year in a row, to     21 percent.  Budgets – IR budgets remain virtually unchanged compared to the prior survey.    *The majority (34 percent) reported total budgets of between $1 million and     $2.5 million, while another 32 percent reported a budget between $500,000     and $1 million.   *Nearly one-half (49 percent) of Fortune 500 IROs manage IR budgets between     $1 million and $2.5 million, while another 21 percent report budgets of     more than $2.5 million.  “The IR role is complex, and today’s IR executives face increasingly varied professional challenges both internally and externally,” said Jeffrey D. Morgan, president and chief executive officer of NIRI. “Over one-half of survey respondents have responsibilities in addition to their IR duties. The vast majority holds some type of advanced degree, certification, license or other specialized education. Investor relations professionals are valued for their expertise, and compensation practices demonstrate that.”  “The data from this year’s survey aligns with what Korn/Ferry is seeing in the marketplace.Companies will pay for what they value. The increased compensation for the Investor Relations Officers is a strong reflection of the critical role that this role plays in the corporate executive suite,” said Pepper Binner, senior client partner in the Corporate Affairs Practice at Korn/Ferry International. “There is also a real demand out there for highly technical and analytical IROs, as evidenced by the increased number of executives with CPA and CFA designations. We expect both of these trends to continue.”  The survey results were released today in Seattle, Washington, at the 2012 NIRI Annual Conference, the world’s largest annual gathering of investor relations professionals. For more information about the Conference, please visit: www.niri.org/conference.  Methodology – About the Study  The NIRI-Korn/Ferry International IRO Corporate IR Profession and Compensation Survey collected corporate investor relations position data in March and April 2012. The response rate was approximately 30 percent.  About the National Investor Relations Institute (NIRI)  Founded in 1969, NIRI (www.NIRI.org) is the professional association of corporate officers and investor relations consultants responsible for communication among corporate management, shareholders, securities analysts and other financial community constituents. NIRI is the largest professional investor relations association in the world with more than 3,500 members representing 2,000 publicly held companies and $5.4 trillion in stock market capitalization.  About Korn/Ferry International  Korn/Ferry International is a premier global provider of talent management solutions, with a presence throughout the Americas, Asia Pacific, Europe, the Middle East and Africa.The firm delivers services and solutionsthat help clients cultivate greatnessthrough the attraction, engagement, development and retention of theirtalent. Visit www.kornferry.com for more information on Korn/Ferry International, and www.kornferryinstitute.com for thought leadership, intellectual property, and research.  *”Fortune 500 IROs” are IR professionals for a Fortune 500 company.  Contact:  Korn/Ferry International Nicole Roberts, +1-310-226-2619 nicole.roberts@kornferry.com or National Investor Relations Institute Matt Brusch, +1-703-562-7679 mbrusch@niri.org  
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