Ten onsite managers in Coachella Valley (the Palm Springs area) participated in our biannual salary survey. Their salaries ranged from a low of $40,000 to a high of $117,000. Salaries consisted of the manager’s base salary and bonus. None of the managers lived on site.
BUDGET
CORRELATION
As with previous surveys conducted in California, there is a strong correlation
between the association’s budget and the manager’s salary, since the boards of
larger associations can afford to hire more qualified managers and pay them for their
expertise. The chart shows average
salaries for the different budget ranges.
MARRIED
v. SINGLEAnother factor affecting salaries is marital status. Sixty percent of the management positions were held by married managers but the top salaries went to unmarried managers, who averaged $4,250 more in their annual salaries.
GENDER GAP
The percentage of men and women working as association managers shows that women
dominate the workforce, i.e., 70% of the managers were women. Normally, women
make less than men (nationally they made 86 cents for every dollar a man makes).
That is not the case in the Palm Springs area. Our survey shows that women
actually made slightly more than men ($1.01 for every dollar earned by men). The
average salary for men was $71,330 and for women it was $71,860.
EDUCATION
Fully 70% of all managers in the survey had a college degree. The most common
degree among managers was an Associates Degree (40%).
AGE AND EXPERIENCE
The age of managers ranged from 38 to 68 with the average at 52
years. The average number of years in the business was 12. The number of years
in their current position ranged from 1 to 15 with the average at 6 years.
EMPLOYMENT CONTRACTS
One-half of the managers surveyed have an
employment contract. The length of the contract varied from 1 to 3 years, with
60% having a 1-year contract, and 20% with a 2- or 3-year contract.
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CERTIFICATION
All of the managers surveyed have a professional designation. The CCAM
(Certified Community Association Manager) offered by the California Association
Community Managers was held by all managers.
A full 60% of the managers received a year-end bonus, which varied from $1,000 to $4,000. The average was $1,500. Health benefits and Seminars are offered for all managers in their compensation packages. Half of the associations offer IRAs and 401(k) plans.
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Forty percent of the managers receive a 2-week vacation and 30% a 3-week vacation. The remaining managers have achieved enough longevity in their positions to have a 4- and 5- week vacations.
Adrian J. Adams, Esq.
www.davis-stirling.com
March 16, 2007