Principals Rewarded with Bigger Bonuses, More Perks
Hard work has paid off for principals in the A/E/P and environmental consulting industry in the form of record bonuses and non-cash perks, according to a survey by Zweig White & Associates. The survey reveals that 83 percent of principals received a bonus in 1998, up from 75 percent in last year’s survey. The median bonus amount for principals also jumped from $20,000 to $30,000—the largest one-year increase to date. In addition to bonuses, more principals are enjoying the non-cash perks associated with ownership and management-level status. For example, 83 percent report their firm provides them with a cellular phone—a percentage that has increased yearly since the survey was first conducted in 1991.