Botoff Consulting Announces Release of 2024 Compensation and Talent Planning Report
Botoff Consulting, a boutique compensation consulting services firm, is pleased to announce the release of our 2024 Compensation and Talent Planning Survey for Family Offices and Family Investment Firms. This report presents survey findings and trends impacting compensation and talent in family offices and family investment firms. Regions represented in the report include the Americas, Europe, Asia Pacific, and the Middle East.
The report includes:
- Profile of Participants
- 2024 Planned Salary Increases
- 2024 Planned Bonuses/Incentives
- Compensation Timing
- Flexible Work Arrangements
- Recruiting Challenges
- Talent Planning
"Thank you to all participants for helping us expand the number of regions and countries covered in this report," said Trish Botoff, Founder and Managing Principal of Botoff Consulting. The 2024 Compensation and Talent Planning Report includes responses from 347 participating family offices and family investment firms reporting data from 25 countries. Botoff Consulting collaborated with UK-based Somers Partnership and US-based Mack International to expand global participation.
"The report contains vital, up-to-date information on executive and staff pay trends and working practices, along with valuable insights into the new norms for flexible working," said Mark Somers, founder of Somers Partnership.
"We are thrilled to have broadening global participation in the fourth year of this annual survey, especially given the increase in requests for bespoke family office and family investment firm compensation data around the world," added Botoff. "We founded the firm in 2014 with the primary focus of serving families and family offices and providing relevant, reliable compensation data. We want to empower our clients to develop customized best practices and to make informed, sustainable decisions."
According to Linda Mack, founder and President of Mack International, "This must-read report will benefit every family, and provides comprehensive, timely data on market trends and practices."
Botoff Consulting wants to encourage and reward those firms that participate in our surveys, and so only participants will receive complimentary reports going forward. Survey participants have already received the report; non-participating firms can purchase the report for $250 USD. The report can be requested here or by emailing [email protected].
ABOUT BOTOFF CONSULTING
Botoff Consulting guides family offices and family investment firms in designing compensation strategies aligned to the family's or firm's vision, goals, and performance. We are proud to be able to support the diverse, discrete, customized needs of our clients by leveraging our industry-leading proprietary data and market trends while incorporating best practices.
The firm was founded in 2014 to provide compensation and related consulting services to family offices, family investment firms, and family business enterprises across industries and geographies. Our extensive expertise includes compensation benchmarking, strategy, and structure; benefits analysis and benchmarking; incentive plan design; performance management; compensation governance; board support; and litigation/expert witness support.
To learn more, please visit botoffconsulting.com.
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