2016 Homebuilders Compensation Survey FMI Compensation

Transcription

1 Cover 2016 Homebuilders Compensation Survey FMI Compensation 7639 East Pinnacle Peak Road Suite 100 Scottsdale, AZ

2 Report Contents 2016 HOMEBUILDERS COMPENSATION SURVEY Report Contents PARTICIPANTS INTRODUCTION METHODOLOGY INDEX OF SURVEY TITLES POSITIONS NOT REPORTED MAP OF REGIONS COMPANY INFORMATION AND PRACTICES Historical Trends Salary Increase Adjustment Salary Administration Auto/Truck Policy Human Resources Structure Target Bonus Report Company Titles Used by Position CORPORATE POSITIONS REGION BUSINESS UNIT POSITIONS DIVISION BUSINESS UNIT POSITIONS MULTIPLE INCUMBENT POSITIONS

3 Participants 2016 HOMEBUILDERS COMPENSATION SURVEY Participants CalAtlantic Groups, Inc. DR Horton Inc Gehan Homes Highland Homes K. Hovnanian Companies, LLC KB Home Lennar M/I Homes Mattamy Homes MDC Holdings Meritage Corporation Minto Communities, LLC Neal Communities NVR, Inc. PulteGroup Shea Homes Taylor Morrison, Inc. The Fischer Group Toll Brothers, Inc TRI Pointe Group True Homes, LLC Woodside Homes

4 2016 HOMEBUILDERS EXECUTIVE COMPENSATION SURVEY Introduction The Homebuilders Executive Compensation Survey has been conducted annually since 1998 in an effort to provide companies with meaningful salary data. The survey focuses primarily on pay and related dated for 59 positions. There were 22 companies participating in this year s survey and 14,911 incumbents. Data includes annual base pay, bonus and/or commission, location and overtime eligibility. EFFECTIVE DATE MARCH 1, 2016

5 2016 HOMEBUILDERS COMPENSATION SURVEY Methodology MULTIPLE INCUMBENT REPORTS Summary Information For each position that your company matches, your data will be in the first row and compared to the row below of all Others Surveyed. Your data are also listed and highlighted in the Company Rankings section. If you did not match the position, that row will show No Match. The Others Surveyed row has averages of the data listed in the Company Rankings section. The last row in the summary section shows your company as a percent of the Others Surveyed. We report data for the 10th, 25th, 50th, 75th and 90th percentiles for base; bonus or commissions; and total cash. The benchmark position description is printed on the bottom of the page. Detail Information (Company Rankings) For each company that provided data, we show: the number of incumbents; the average base; the number of incumbents that received a bonus and/or commission; the average bonus/commission; average total cash; the lowest base; and the highest base. The report is sorted by total cash in descending order. Insufficient Data For each company that provided data, we show: the number of incumbents; the average base; the number of incumbents that received a bonus and/or commission; the average bonus/commission; average total cash; the lowest base; and the highest base. The report is then sorted by total cash in descending order.

6 2016 HOMEBUILDERS PROFESSIOL COMPENSATION SURVEY INDEX OF SURVEY TITLES Accountant Accounts Payable Specialist All Coordinator Architect Branch Mortgage Head CAD Operator City Manager (3rd Level Head) Closing Supervisor Construction Assistant Superintendent Construction Coordinator Construction Manager Construction Superintendent Construction Superintendent - Land Development Construction Technician Contract Administrator Customer Service Representative Customer Service Technician Division Accountant Division Accounts Payable Specialist Division Architectural Manager Division Controller Division Controller/Finance Manager Division Finance Manager Division Forward Planning/Entitlement Manager Division Land Acquisition Analyst Division Land Acquisition Manager Division Land Development Manager Division Land Entitlement Manager Division Land Planning Manager Division Land Planning Specialist Division Marketing Coordinator Division Marketing/Advertising Manager Division Project Coordinator Division Purchasing Manager Division Strategic Marketing/Growth Manager Estimator Financial Reporting Manager General Superintendent IT Network Administrator Junior Architect Land Coordinator Loan Closer Loan Officer/Originator Loan Processor Market Research Analyst Mortgage Operations Manager Mortgage Underwriting Specialist Paralegal Post Closing/Loan Shipper Project Manager Purchasing Agent Purchasing Coordinator Region Accountant Region Accounts Payable Specialist Region Architectural Manager Region Finance Manager Sales Closing Coordinator Title Officer Warranty Coordinator EFFECTIVE DATE MARCH 1, 2016

7 2016 HOMEBUILDERS PROFESSIOL COMPENSATION SURVEY INDEX OF SURVEY TITLES EFFECTIVE DATE MARCH 1, 2016

8 Land Coordinator 2016 HOMEBUILDERS COMPENSATION SURVEY Field Positions Land Coordinator # of Incumbents Base Salary # Receiving a Bonus Bonus # Receiving Commission Commission / Other Total Cash No Match Others Surveyed 85 $ $3.8 8 $1.6 $54.0 Total Incumbents 85 Your Company as a Percent of Survey 0.0% 10th %ile $37.8 $1.2 $0.2 $ th %ile $44.0 $1.9 50th %ile $50.0 $3.0 75th %ile $55.5 $5.5 90th %ile $60.4 $6.6 $0.3 $0.5 $3.3 $11.9 $45.0 $52.9 $59.2 $68.7 Note: Percentiles indicating "" have insufficient data to report. Position Description Provides system, process, market analysis, customer service and administrative support for all Land Operations. Position Titles Reported for this Position Administrative 1; Administrative Assistant - Land; Asst. Community Development Manager; Community Development Coordinator; Coordinator I - Land; Coordinator I - Land Development; Coordinator III - Land Development; Coordinator V - Land Development; Land Coordinator; Land Development Administrator; Land Development Manger; Land Operations Administrator; Land Project Coordinator; LD Executive Administrator; Offsites Executive Admin; Sr. LD Administrator

9 2016 HOMEBUILDERS COMPENSATION SURVEY Field Positions Land Coordinator Company Rankings - Arrayed in Descending Order by Total Cash Base Salary Bonus Commission / Other Total Cash Eligible for Over Time Target Bonus $66.9 $7.2 $74.1 No 10.0% $70.0 $0.2 $70.2 Yes N/A $49.3 $11.5 $4.6 $62.9 Yes N/A $58.3 $4.1 $62.5 No 7.5% $56.1 $5.2 $61.3 Yes 8.7% $54.2 $3.5 $56.8 No 10.7% $51.9 $3.7 $55.7 Yes 7.5% $52.4 $2.5 $54.9 No N/A $51.0 $2.5 $53.4 No 6.0% $48.2 $4.8 $53.0 Yes 5.0% $50.8 $2.6 $53.0 Yes 5.8% $52.3 $52.3 Yes N/A $50.5 $2.3 $52.1 Yes 10.0% $48.5 $4.1 $51.8 Yes N/A $50.0 $50.0 Yes N/A $47.6 $4.2 $48.7 Yes N/A $42.3 $2.4 $44.7 No 5.3% $41.6 $0.9 $0.1 $42.1 No N/A $38.5 $1.3 $39.7 Yes 4.0%

10 - California 2016 HOMEBUILDERS COMPENSATION SURVEY Field Positions Land Coordinator - California All California # of Incumbents Base Salary # Receiving a Bonus Bonus # Receiving Commission Commission / Other Total Cash No Match Others Surveyed 18 $ $4.2 0 $56.0 Total Incumbents 18 Your Company as a Percent of Survey 10th %ile 25th %ile 50th %ile $54.1 $5.0 $0.0 $ th %ile 90th %ile Note: Percentiles indicating "N/A" have insufficient data to report. Position Description Provides system, process, market analysis, customer service and administrative support for all Land Operations. Position Titles Reported for this Position Administrative 1; Administrative Assistant - Land; Asst. Community Development Manager; Community Development Coordinator; Coordinator I - Land; Coordinator I - Land Development; Coordinator III - Land Development; Coordinator V - Land Development; Land Coordinator; Land Development Administrator; Land Development Manger; Land Operations Administrator; Land Project Coordinator; LD Executive Administrator; Offsites Executive Admin; Sr. LD Administrator

11 2016 HOMEBUILDERS COMPENSATION SURVEY Field Positions Land Coordinator - California All California Company Rankings - Arrayed in Descending Order by Total Cash Base Salary Bonus Commission / Other Total Cash Eligible for Over Time Target Bonus $66.9 $7.2 $74.1 No 10.0% $68.3 $5.6 $73.9 Yes 7.5% $51.4 $6.0 $57.4 Yes $53.6 $5.0 $55.6 Yes $53.4 $1.7 $55.1 Yes 10.0% $48.2 $4.8 $53.0 Yes 5.0% $45.1 $1.7 $46.8 Yes 5.0% $35.7 $2.7 $38.4 No 5.5%

12 Metro Statistical Area Report 2016 HOMEBUILDERS COMPENSATION SURVEY Field Positions Metropolitan Statistical Area Report Land Coordinator Metropolitan Area # of Companies # of Incumbents Base Bonus Comm Total Cash Min Base Max Base (000) (000) (000) (000) (000) (000) Charlotte, NC 5 5 $47.3 $8.3 $14.7 $55.2 $37.1 $57.7 Dallas, TX 6 7 $45.4 $2.6 $0.5 $46.9 $38.0 $51.0 Houston, TX 5 7 $47.9 $5.2 $0.4 $52.4 $37.0 $56.5 Orlando, FL 5 6 $48.4 $2.7 $0.6 $49.9 $45.0 $56.5 Phoenix, AZ 5 5 $56.3 $4.3 $0.2 $58.1 $39.2 $70.0 San Francisco, CA 5 7 $57.5 $5.0 $61.8 $51.4 $68.3