A study released by the Equipment Leasing and Finance Association finds that compensation in the equipment finance industry grew moderately in 2018.
The 2019 Equipment Leasing and Finance Compensation Survey measures compensation rates for the 2018 fiscal year as reported by more than 75 companies representing a cross section of the equipment finance sector, including independents, banks and captives.
Highlights from the study include:
The 2019 Equipment Leasing and Finance Compensation Survey details trends in pay for more than 90 executive, front-office and support positions, including a breakdown of salary (for 2018 and 2019), incentives (including cash bonuses and commissions), long-term awards and total compensation by company type. The survey is a collaborative initiative between ELFA and McLagan, a performance/reward consulting and benchmarking firm for the financial services industry.
Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!