Survey: Travel Managers Report Pay Raise

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Most travel buyers (72 percent) are satisfied with their salary, and for good reason: Average total compensation for travel management professionals grew 6 percent this year, to $112,000, according to the GBTA Foundation, the education and research arm of the Global Business Travel Association (GBTA).

According to the GBTA Foundation's "2014 Travel Management Compensation & Benefits Survey," travel buyers' compensation increases with travel spending. For instance, travel managers with domestic travel spend of $10 million, but less than $50 million, reported an average income of $105,000. Those spending more than $50 million, meanwhile, reported average income of $143,000, an increase of 27 percent.

Travel managers also enjoy significant benefits, according to the survey, including: health insurance (98 percent), dental insurance (98 percent), life insurance (95 percent), vision insurance (95 percent), and a 401(k) plan (95 percent), not to mention full reimbursement for conference attendance (90 percent), professional association dues (85 percent), professional publications (82 percent) and mileage (78 percent). Large majorities also indicate that flexible work schedules (67 percent) and work-from-home policies (58 percent) are now offered as part of their benefits package.

"The '2014 Travel Management Compensation & Benefits Survey' is designed to allow individuals to easily compare their compensation level and benefits with their peers," said Joseph Bates, vice president of research at GBTA. "We are encouraged that salaries and job satisfaction remain high in the travel buyer profession, further highlighting the importance of the overall travel management industry."

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