Marketing and sales positions were the worst hit by the recession according to the results of the annual salary survey of the vacation ownership industry published by Executive Quest.
As more companies cut back on marketing and tour flow, those in marketing positions had a reduction in compensation of between 10 and 20 per cent, whilst sales managers and vice presidents, whose salary is often tied to a percent of sales revenue, had a decrease of 25 per cent.
The survey also shows that CEO, presidents and owners suffered a decrease in compensation of around 33 per cent as the timeshare industry struggled in the economic downturn. On the other hand, administrative positions such as HR or operations management held steady on income.
For this year’s survey, Executive Quest approached more than 20,000 contacts from its newsletter subscription database, including CEOs, CFOs, resort general managers and those in sales and marketing, finance and human resources positions in the timeshare, fractional and vacation ownership industry. A full copy of the survey may be purchased at www.execq.com.