CSO Pay Surges, Survey Shows
August 2006 - Facilities Management
The nation’s top corporate Chief Security Officers (CSO), those executives in charge of security for global companies in the U.S., are paid, on average, more than $293,000 annually in total cash compensation (base salary and bonus paid), according to a compensation survey.
The survey from compensation consulting and research firm, Foushée Group, Inc., headquartered in Ft. Meyers showed an 11 percent increase in total cash compensation for the top job.
The survey covered the most critical domestic and international management, professional and technical positions in security and compliance. Almost 64 percent of the participating organizations had sales revenue of over $3 billion in 2005.
“The fifth annual survey indicates the continued recognition and importance of the security groups within the organization and their contribution to the overall profitability of their companies. Chief Security Officers not only have to plan for international and domestic threats, but are increasingly involved with the security requirements for information systems and planning for potential public health pandemics, which could significantly impact a company‚s ability to operate,” says Stephen W. Walker, General Partner, Foushée Group, Inc.
The 11 percent increase in total cash compensation for the top job was significantly higher than the national norm, Walker says.
Based on earlier surveys by the Foushée Group, CSO salary cash compensation since the 9/11/01 terrorist attacks has increased 44.7 percent, significantly more than the national average.
The Foushée Group Inc. conducted the survey in cooperation with the International Security Management Association (ISMA), the worldwide organization of Chief Security Officers. ISMA members include representatives from more than half of the Fortune 100 and a quarter of the Global 200, spanning five continents and every industry.