Facilities managers earn higher salaries than national median
Friday, February 02, 2018
For those working in facilities management, the following salary news is nothing new, but it never hurts to better understand your place in the market and how you stack up to your colleagues.
According to new data compiled by FacilitiesNet, the median salary for all titles within facilities management in the field is $85,000, according to survey respondents.
The median reported raise for the year was $1,500, or a 1.8 percent increase. That amount actually is below the annual cost of living increase offered in 2018 for United States Social Security recipients, which is 2 percent, according to the Social Security Administration.
Median salaries, raises and bonuses showed significant differences in different regions of the country, FacilitiesNet reported. In the Midwest, the average salary was $79,500, but in the South, that number was $85,000 — in line with the national average — while in the West the average salary was $90,939. The highest salaries were in the Northeast, climbing to $95,000.
As for median raises, the West and Northeast led the nation with increases of $2,000. In the South, the median raise was $1,500, while in the Midwest it was $1,200, according to the survey. Bonus eligibility ranged from 44 percent in the Midwest to 52 percent in the South, with the Northeast and West coming in at 47 percent and 46 percent respectively.
The median salary for the most popular title in the database — a facility or building manager — averages $85,000. However, the pay range for these professionals varies widely, ranging from $20,000 to $195,000.
However, per figures offered by job board Indeed, salaries for facility management staff vary widely.
The average salary for a facilities manager is $62,039 per year in the United States, estimates of which are based on more than 12,000 salaries submitted anonymously to Indeed by facilities management employees, users and collected from past and present job advertisements on Indeed. Additionally, the typical tenure for a facilities manager is two to four years.
PayScale, a provider of compensation analysis software, says that more than half of facilities managers in the U.S. have been in the field for more than 10 years, and the pay for these professions varies greatly, ranging anywhere from $39,000 to $96,000 per year. Like Indeed, PayScale says median earnings settle in at around $64,000 annually. Compensation is mainly affected by career length, geography and the particular employer. Most enjoy medical while a strong majority get dental coverage.
It may be worth noting that the country’s annual median base pay for individuals in all fields of the U.S. economy stood at $51,324 in 2017, per Glassdoor, a job board and provider of employment intelligence.
The compensation data reported by FacilitiesNet comes from the annual FM Pulse Survey conducted by Building Operating Management magazine, part of FacilitiesNet. The survey referenced was conducted online, with emails sent to facility professionals from August through October 2017. A total of 1,925 responses were received.
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