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Chief of Staff Association Releases 2022 Compensation Report

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New York, New York–(Newsfile Corp. – December 8, 2022) – The Chief of Staff Association (CSA) has released the findings of the first compensation report reviewing remuneration packages of one of the world’s fastest-growing professions.

Chief of Staff Executive Education Programme, University of Oxford

The findings show $185,000 per annum is the average compensation of chiefs of staff. It also found 30% of chiefs of staff earn $250,000 or more, and the highest-paying sector is healthcare and pharmaceuticals, where the pay averages $245,000.

The Chief of Staff Association commissioned the survey in the third quarter of 2022, with 244 members participating. CEO Trent Smyth said, “We commissioned the broadest and deepest compensation report to gather data specific to this profession. At the CSA, we want to raise the profile of the chief of staff role and ensure it is well understood, represented, and recognised.”

The position is often misunderstood despite the fact it has long been established in the military and political offices and is now growing rapidly across major corporations and not-for-profit organisations. The research revealed: “One in three respondents said they are unsure if they are fairly compensated, which speaks to the very point of the report. This report helps our members to gauge better whether or not they are remunerated appropriately,” said Trent.

UK chief of staff Rodney Leon believes the number of roles is expanding due to pressures in the workplace: “I think the popularity of the chief of staff role is, in large part, due to the ever-increasing complexities that c-suite executives are required to deal with. I believe leadership can be a lonely endeavour, and the appointment of a chief of staff could be due to the adage, a problem shared is a problem halved.”

Fellow CSA member Peter Norton agrees: “A good chief of staff can provide another pair of hands, eyes and ears as well as extra brain capacity to reduce a leader’s overall cognitive load. When things are working well, and the executive and chief of staff have perfected the ‘no touch pass’ the two can add up to far more than the sum of their parts.”

Despite many CSA members performing the chief of staff role, not all hold the chief of staff title, which is proving costly. Survey respondents with a “chief of staff” job title received significantly higher compensation than those without the title, earning $191,700 on average against $159,600 respectively.

Education is also a factor with the average compensation for chiefs of staff who finished only high school at $124,000. The compensation then goes up to $174,000 for a bachelor’s degree, $190,000 for a master’s, and an average of $243,000 for doctorate degree holders.

The survey found those in North America earn more with an average remuneration package of $198,300, compared to $147,400 for respondents outside of the region. Industry data was also collected revealing the average compensation for chiefs of staff in pharmaceutical companies averaged $245,800, followed by the financial sector at $222,000, information technology at $209,600, and “others” at $206,800. Chiefs of staff in the education and non-profit sectors earn an average of $140,700, while business development roles (consulting, marketing, public services, and human resource) earn $138,400 annually.

To download the report go to: csa.org/compensation22/.

About The Chief of Staff Association

The Chief of Staff Association is the largest membership organisation for chiefs of staff in the world, with members occupying positions of influence in more than 45 countries.

The CSA is the only professional association that can issue the industry-recognised Certified Chief of Staff™ and Master Chief of Staff™ credentials.

Media contact

Melanie Slade, Chief of Staff Association Communications Director
+1 (917) 804 2077
[email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/147423

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

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Decentralized Finance (DeFi) Market to Surpass USD 446.43 Billion by 2031 | SkyQuest Technology

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Blockchain

Merging Traditions with Fintech and Blockchain Innovations

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Financial Evolution: Merging Traditions with Fintech and Blockchain Innovations at MARE BALTICUM Gaming & TECH Summit

The financial industry is undergoing a seismic shift as fintech and blockchain technologies pave the way for unprecedented innovation and transformation. At the upcoming MARE BALTICUM Gaming & TECH Summit, a high-profile panel titled “Financial Evolution: Merging Traditions with Fintech and Blockchain Innovations” will delve deep into this exciting evolution. This session will explore how established financial institutions are integrating these advanced technologies to revolutionize services, enhance security, and increase efficiency.

Moderator: Anna Agu

Leading the panel is Anna Agu, CEO and Managing Partner at Lex Law Office OU and Director at Lex Law Office LT UAB. With her extensive legal expertise in the fintech sector, Agu is perfectly positioned to guide the discussion, ensuring a thorough exploration of the delicate balance between maintaining traditional financial principles and embracing innovative technologies.

Panelists:

  • Merit Leib – Compliance Consultant at LEIB Regulatory & Compliance Risk Consulting
  • Astra Tikas – Founding Board Member of INO (Internet Native Organization)
  • Dr. Dean Rakic – Chief Scientist at Blockcontrol
  • Saulius Racevicius – Senior Associate of PSP Lab LLP and Board Member of the Fintech Hub LT
  • Evaldas Krampas – CEO at SpectroCoin and Head of Crypto Hub Lithuania

Why Attend?

The “Financial Evolution: Merging Traditions with Fintech and Blockchain Innovations” panel at the MARE BALTICUM Gaming & TECH Summit is a must-attend for professionals across the financial sector. Here’s why:

  1. Gain Comprehensive Insights: Learn from top experts about the latest trends, challenges, and opportunities in fintech and blockchain.
  2. Regulatory Perspectives: Understand the importance of compliance and how to navigate regulatory challenges effectively.
  3. Technical Knowledge: Dive deep into the technical aspects of blockchain integration and learn about cutting-edge developments.
  4. Practical Implementation: Gain practical insights into how traditional financial institutions are successfully integrating new technologies.
  5. Networking Opportunities: Connect with industry leaders and peers who are driving innovation in finance.

Join Us

This panel provides a unique opportunity to stay ahead of the curve in the rapidly evolving financial landscape. Join us at the MARE BALTICUM Gaming & TECH Summit to explore how fintech and blockchain technologies are reshaping finance and what it means for the future. Engage with industry leaders, gain actionable insights, and network with peers at the forefront of financial innovation.

Secure your spot today and be part of this transformational journey. Don’t miss the chance to be involved in discussions that will shape the future of finance. See you at the MARE BALTICUM Gaming & TECH Summit!

The post Merging Traditions with Fintech and Blockchain Innovations appeared first on HIPTHER Alerts.

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North America B2C E-Commerce Market & Payment Innovation Trends Report 2024 – By 2025, Digital Wallets are Expected to Make Up Over a Quarter of Canada’s Online Payments

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