Tue, 22 Oct 2013More than a third of global executives were dissatisfied with their current remuneration, despite 44% reporting a rise in compensation in the last fiscal year, according to the 2013 BlueSteps Executive Compensation Report.

The research, conducted by the online career management service of the Association of Executive Search Consultants (AESC) – BlueSteps, surveyed 778 member executives worldwide, including chief executive officers, senior vice-presidents, board members and other management roles.

While 40% saw no change in their total compensation, 16% of global executives did report a decrease in the last fiscal year.

According to the report, many executives reported concerns that salaries were not fairly in proportion with performance. One executive is reported as stating: “Markets have changed since 2008 and compensation is being deliberately managed downwards. Companies are moving towards leaner staffing, increasing the work load on executives without compensating for it.”

• Click for more executive recruitment news and updates from Recruiter.