Charts: 2015 Salaries & Retirement Plans
Respondents to this year’s survey on average earn $84,694, which is 2.4% higher than last year’s reported average of $82,732.
Seventy-nine percent of respondents reported some salary increases in the past year, with the vast majority of these being increases of 3% or less. In comparison, 63% of respondents reported an increase in salary in 2014, while 57% reported an increase in 2013 and 37% did so in 2012.
Average salary loosely correlates with the number of vehicles managed.
Those managing more technical staff are paid more on average.
About two-thirds of fleets said they either have a succession plan in place or are working on one, which is similar to last year’s results.
Most respondents said their succession plan consists of at least training someone on staff to take over. A higher percentage of fleet professionals said they plan to work as a contract employee this year (9% in 2015 versus 6% in 2014). More than one response possible.
About one-third of fleet professionals said they plan to retire in the next five years.
More than two-thirds of respondents said they plan to stay at their agencies until retirement or until they leave the industry.
Fleet professionals who are getting closer to retirement are more likely to have a succession plan already in place.