compensation survey: understanding the labor market in your city june 16 2011
TRANSCRIPT
Compensation Survey:
Understanding the Labor Market in your City
June 16 2011
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Background – Salary Surveys
Purpose» Determine how others pay for similar positions
» Compare self to market
» Make pay adjustments to individuals
» Make pay adjustments to a job position
» Make pay adjustments across the organization
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Background – Salary Surveys
Survey provides data on» Base Salary/Hourly Rate
» Annual Bonus
» Total Compensation (Base + Bonus)
» Employee Programs
» Group Benefits Programs
» Savings/Pension Programs
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Background – Salary Surveys
Survey Jobs Building Superintendent Marketing Manager
Cleaner Property Accountant
Doorman/Concierge Property Administrator
Leasing Agents Property Assistant Manager
Legal Admin./Paralegal Property Manager
Maintenance Manager Regional Manager
Maintenance Technician Security Guard
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Background – Salary Surveys
Survey Participants
Large and small organizations
Properties included from across CanadaLarge and small buildings
2009 Sample of Participants:1. Boardwalk REIT 7. Realstar Management
2. CAP REIT 8. Sophie Investments Inc.
3. Greenwin Property Mgmt 9. Sterling Karamar Property Mgmt
4. Lawrence Construction 10. The Summerhill Associates
5. Oxford Properties 11. Timbercreek Asset Management
6. Park Property Management Inc.
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Maintenance Technician – Base Salary
$15,000$20,000$25,000$30,000$35,000$40,000$45,000$50,000
Toronto & Area Montreal Calary
P25
P50
P75
Average
Sample size P25
P50 (median) P75 Average
Toronto & Area 121 $27,810 $33,500 $41,033 $33,515
Montreal 66 $29,224 $31,161 $38,164 $31,837
Calgary 80 $38,338 $40,000 $45,895 $41,060
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Building Superintendent – Base Salary
$15,000
$20,000
$25,000
$30,000
$35,000
$40,000
Toronto & Area Montreal Calary
P25
P50
P75
Average
Sample size P25
P50 (median) P75 Average
Toronto & Area 442 $16,025 $20,000 $30,000 $22,002
Montreal 84 $18,720 $24,119 $30,189 $24,849
Calgary 87 $32,750 $34,965 $37,493 $33,794
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Building Superintendent – Base Salary + Bonus
$15,000
$20,000
$25,000
$30,000
$35,000
$40,000
$45,000
Toronto & Area Montreal Calary
P25
P50
P75
Average
Sample size P25
P50 (median) P75 Average
Toronto & Area 442 $22,482 $29,718 $40,035 $30,376
Montreal 84 $25,445 $31,200 $36,427 $31,088
Calgary 87 $33,300 $36,225 $40,005 $36,004
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Building Superintendent
Salaried or Rent Only?
Salaried Rent Only Total Salaried Rent Only
Toronto & Area 442 23 465 95% 5%
Montreal 84 0 84 100% 0%
Calgary 87 2 89 98% 2%
Single Incumbent or Joint?
Single Joint Total Single Joint
Toronto & Area 206 149 355 58% 42%
Montreal 36 23 59 61% 39%
Calgary 6 14 20 30% 70%
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Building Superintendent
Base Salary for Single and Jointly held positions $ (Average)
Single Joint
Toronto & Area $22,033 $24,669
Montreal $21,415 $30,315
Calgary $19,180 $32,086
$15,000
$20,000
$25,000
$30,000
$35,000
Single Joint
Toronto & Area
Montreal
Calgary
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Building Superintendent
Apartment Subsidy?
Yes No Total Yes NoToronto & Area 403 11 414 97% 3%Montreal 59 18 77 77% 23%Calgary 20 1 21 95% 5%
Value of Monthly Rent Subsidy $
Average Minimum Maximum
Toronto & Area $876 $50 $1,981
Montreal $699 $250 $1,500
Calgary $1,069 $475 $1,650
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Staffing ActivitiesStaffing Activity: April 2008 - March 2009
Staffing Ontario National
Increase 17% 20%
Decrease 25% 7%
No significant change 58% 73%
Reasons for termination
Reasons Ontario National
Voluntary 57% 61%
Involuntary 43% 39%
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Staffing Activities
Employee Turnover
Reasons Ontario NationalVoluntary 12% 18%
Involuntary 9% 12%Total Turnover 21% 30%
12%18%
9%
12%
0%
10%
20%
30%
Ontario National
InvoluntaryVoluntary
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Staffing Activities
Vacation schedule: Years of service (most common)
Vacation Week Sr. Management Property Employees
Non-Property Employees
2 0 year 0 year 0 year
3 0-1 year 5 years 1 year or 3 years
4 4-5 years 10 years 10 years
5 20 years 20 years 20 years
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Benefits
% of company contributing to an Employee Savings Plan on behalf of employees
(e.g. company pension plan, Group RRSP, DPSP)
Sr. Management Property EmployeesNon-Property
Employees
Ontario National Ontario National Ontario National
Yes 31% 60% 31% 63% 31% 63%
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Benefits
% of company providing employee group benefits
Sr. ManagementProperty Employees
Non-Property Employees
Ontario National Ontario National Ontario National
Yes 69% 94% 11% 94% 77% 94%
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BenefitsCost of group benefits per employee per month
Ontario National
Under $100 0% 0%
$100 - $200 22% 44%
$200+ 78% 56%
Percentage of group benefits cost employer paid
Ontario National
0-50% 22% 33%
50-99% 22% 11%
100% 56% 56%
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2011 CFAA Compensation Survey
» Similar format to 2009
» National across Canada
» 14 property positions included
» Full statistics included
New information for 2011
» Median, 1st & 3rd quartile
» Average rent
» Average square feet
» Pay as related to average monthly rent $
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2011 CFAA Compensation Survey
» Projecting participation of 75+ landlords
» Geared towards both large and small landlords
» Survey reported by city
Price per city:
Greater Toronto Area: $250 or $350
Calgary, Edmonton, Halifax, Montreal etc.: $250
Hamilton, London, St. John, Saskatoon etc.: $175
National Report (all cities): $1,500
Cost x3 for non-participants
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2011 CFAA Compensation Survey
Interested in participating?
Contact:
» Steven Osiel
Email: [email protected]
Telephone: 416-969-8588
» John Dickie
Email: [email protected]
Telephone: 613-235-0101
Your completed survey data is due by the end of June