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HUMAN RESOURCES

Outsourcing Your Top Management

Interim-management agencies provide seasoned executives to small companies without requiring a commitment.
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The most common special privileges granted to employees of small companies are company-car allowance, key-man insurance, and special parking, according to a survey by Ernst & Young. Once a company hits $1 million in sales, employment contracts and country-club memberships supplant luncheon clubs and tax services as the next-most-favored perks.

* * *

Perquisite Offered by Companies with Sales of:

Less than $1 - $5
$1 million million
Company-Car Allowance 40.3% 63.4%

Key-Man Insurance 30.3% 47.0%

Special Parking 16.0% 21.6%

Luncheon Clubs 14.3% 14.9%

Financial Counseling/Tax Services 14.3% 17.2%

Employment Contracts 13.4% 20.1%

Severance Policy for Execs 12.6% 17.2%

Country Clubs 12.6% 19.4%

Split-Dollar Insurance 7.6% 11.2%

Deferred Compensation 7.6% 5.2%

Directors' and Officers' Liability Insurance 7.6% 10.4%

Front-End Bonus 5.9% 3.0%

* * *

Source: Ernst & Young's 1992 Executive Compensation Middle Market Survey of 669 companies with annual sales of $50 million or less, New York City.

Last updated: Aug 1, 1992




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