Family Capital Article Covers Recent Europe & UK Compensation Survey Report

“Compensation at European family offices falls way behind US counterparts, say remuneration consultants”

Family Capital, an online publishing company dedicated to the global family enterprise sector, featured our recently published 2022-2023 Family Office Compensation Survey: Europe and UK Report. The article notes that “family offices in Europe and the UK lag behind their US equivalents in producing long-term incentives capable of retaining the loyalty of key staff . . .”.

Article Highlight

According to Mark Somers of Somers Partnership: “It is important to be precise about the ways the goals of the family office differ from those of the operating business.”

Trish Botoff, managing principal of her firm, says: “We expect the UK and Europe to follow the US, with growth in the use of LTI plans, driven by professionalisation of family offices, growth in internal teams and competition for key talent.”

We hope that, with time and better data, we will see a closing of the pay gap between the US and Europe. We encourage you to subscribe to Family Capital to read the full article and access their entire “modern, online ‘house magazine’”. For those who do not have a subscription, a pdf of the article is linked below.

Family Capital. "Compensation at European family offices falls way behind US counterparts, say renumeration consultants" Michael Foster, 6 April 2023. famcap.com/2023/04/compensation-at-european-family-offices-fall-way-behind-us-counterparts-say-remuneration-consultants/

Mark Somers, Founder of The Somers Partnership, and Trish Botoff, Managing Principal at Botoff Consulting, on their presentation tour around the UK to launch the release of the survey report.