Are you worth $70,000 or $140,000 a year? Both of these salary packages
were negotiated with new village manager appointments over the past six
months by Mercury Executive Search in Melbourne.
What is the key to a bigger pot of gold at the end of the year? Why is one
manager worth twice the other? Undoubtedly its performance, especially in
sales. The $140,000 package was for a co-located facility in Victoria and based
on $90,000 plus super and a $40,000 bonus for ILU sales and bed occupancy
performance being met.
Over the past month Mercury also placed one village manager on $85K
including super and a 20% sales bonus. This does not suit everyone; another
manager opted for a more predictable $95K package with no bonus. They then
employed a sales manager to look after sales.
Many in the industry still feel the correct salary range is $50K to $70K,
however.
In the Headlines
Exclusive: Aveo to sell off its retirement villages in South Australia and Tasmania
Tony Randello, CEO of the nation’s leading retirement village provider, said the impending sale of its 16 retirement villages in South Australia and Tasmania “aligns with Aveo’s regular strategic review of opportunities across its portfolio”. The...
