Workers in the U.S. retail industry can expect their pay to rise an average of 3.0% this year, according to projections from consulting firm Hay Group. Adjusted for inflation, the increase is 1.9%.
The retail increase is the same as the raise percentage expected across all U.S. businesses. Hay Group bases its projections on data from 20 million job holders across 25,000 organizations globally. It says 99.7% of U.S. companies will give raises this year.
Staffing agency Mondo this week released the salaries of the top 10 highest-paying jobs in digital marketing. Ranking fourth in Mondo’s top 10 is vice president of e-commerce, with a salary range of $125,000 to $180,000.
Other jobs in the ranking related to e-retail businesses include vice president of digital marketing ($140,000 to $200,000), web analytics manager/market data analyst ($80,000 to $185,000), mobile app developer ($100,000 to $175,000) and director of user experience ($130,000 to $170,000). Mondo says chief marketing officers are the most highly paid, with salaries in the range of $160,000 to $245,000.
Research and consulting firm Foote Partners, meanwhile, recently released its own data for its 2017 IT Professional Salary Survey, which provides additional insight by location. It says the average salary for the vice president of e-commerce position in the United States is $196,141. Bonuses range from 8% to 22% and are additional to the salary. Foote Partners’ data is based on data from 260,000 IT professionals and the firm makes city-by-city estimates.
Naturally, some of the most highly compensated in e-commerce are those professionals who sit in the executive suite. Public companies must annually report the compensation of their five most highly compensated employees. As shown below, salaries are generally conservative, with the majority of executives deriving the bulk their compensation from stock awards.
See the April issue of Internet Retailer magazine for insights from a top executive headhunter about the e-commerce employment and recruitment outlook for 2017.