March 15, 2023
NBAA’s 2023 Compensation Survey is now open, and the association is encouraging all members operating aircraft to contribute and ensure this survey provides the most insightful data on business aviation compensation and retention practices and policies.
This year’s survey builds on the success of the 2022 data, which provided a rich source of new information on business aviation salaries and benefits. One notable conclusion from last year’s survey was the correlation between the organizational size of a flight department and salary budget increases, with smaller operations budgets growing the most compared to 2021.
To gain deeper insights for 2023, NBAA will now measure compensation for companies that operate premium and ultra-long-range aircraft. This year’s Compensation Survey will also seek to learn more about employers offering long-term incentives, with questions seeking new data on deferred compensation, retention and long-term performance bonuses, and equity-based compensation added to the 2023 survey.
Participate in the NBAA Compensation Survey.
“The real power of this survey comes from NBAA’s industry reach, and we urge member operators of all sizes and from every geographic location to contribute to this year’s results so that we can provide the most accurate and in-depth compensation data possible,” said Jo Damato, CAM, NBAA senior vice president, education, training and workforce development.
NBAA’s annual Compensation Survey is an essential and critical tool that provides member operators with a comprehensive review of aviation department makeup, key benefits, policies and employee compensation packages. The survey is administered and audited by the independent and globally renowned BDO USA, LLP, and all answers are confidential and anonymous.
Member submissions can be made through April 28.
All participating members will receive free access to the Compensation Survey results in September once the data has been audited. NBAA members that do not take part in the survey can purchase the results online for $1,000.
“The NBAA Compensation Survey is a proven and respected tool for the business aviation industry, and the data we gather and analyze give operators and flight departments the pivotal information they need to build long and lasting relationships with their employees,” said Damato. “Now, as airlines reevaluate their own employment policies, the 2023 Compensation Survey will be an indispensable tool to help our community shape successful compensation practices and retention tools.”