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FM Salaries: What Factors Influence Earnings?
FM Salaries: What Factors Influence Earnings?
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FM Salaries: What Factors Influence Earnings?
Brandon Lorenz
20 Nov 2007 8:00 AM
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It pays to be a facility manager. That's one of the conclusions of a new survey of facility managers,
Profiles 2007
,
conducted by Building Operating Management and the International Facility Management Association (IFMA).
Individuals with less than four years of FM experience reported earning a salary of $63,000, a healthy number for someone just entering the field. The
November
issue of
Building Operating Management
takes a look at that number (among others) and examines some reasons it has grown.
For long-established facility executives, there are more important questions however. "How can I improve my salary" is a natural question. Fortunately, 65-page salary survey, includes a regression analysis, in addition to dozens of salaries. A regression analysis can show the independent impact of various factors on salaries.
Experience obviously plays a major role in salary. Each year spent in FM added $779 to an individual’s salary, according to the survey. Earning professional designations can also add to salary.
For more information, the
full report
can be ordered from IFMA.
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