Compensation inches up for most jobs in the convenience store industry
The total compensation for chief executive officers of convenience store retail companies rose almost 2 percent in the past year to a mean average of $219,300, but was 1.6 percent below a peak of $222,900 achieved in 2006, according to the 2011 Convenience Store News Industry Salary Survey.
Meanwhile, convenience store manager compensation was up only a half a percent over the previous year to a mean average of $37,300 in 2010. That figure is also 1.6 percent higher than the average total compensation for store managers in 2006.
Most headquarters and support center executives and managers saw their compensation grow last year, with the increases ranging from 4 percent for chief financial officers and 3.5 percent for merchandising execs, to 0.6 percent increases seen by marketing and operations folks. Foodservice executives saw a 1.3 percent pay hike last year. Compensation for district managers, though, fell 0.4 percent from 2009, and was almost 3 percent below the 2006 level.
CEOs also reported that they received approximately 19 percent of their annual pay through commissions, bonuses and other added compensation. For store managers, bonuses added up to about 9 percent of their total compensation.
Total Compensation Package
How Bonus/Commissions Are Structured