2006 Compensation Title Chief executive officer Corporate controller/comptroller Vice-president sales and marketing Production manager Operations manager General manager Plant manager Engineering manager Purchasing manager Quality assurance manager R&D manager Food technologist/specialist Base salary 2006* Bonus Total cash Base salary 2005* Bonus Total cash $132.5 $92.5 $127.3 $82.5 $100.0 $101.3 $98.8 $95.0 $72.5 $70.7 $92.5 $79.7 $60.0 $24.2 $55.5 $6.0 $15.0 $15.0 $14.9 $14.0 $10.0 $7.2 $7.0 $8.0 $192.5 $116.7 $182.8 $88.5 $115.0 $116.3 $113.7 $109.0 $82.5 $77.9 $99.5 $87.7 $128.0 $90.0 $116.0 $75.0 $90.8 $93.0 $94.0 $89.5 $64.9 $66.5 $85.8 $72.0 $44.0 $17.7 $46.0 $3.5 $10.0 $12.8 $11.0 $12.5 $8.5 $5.0 $6.2 $5.0 $172.0 $107.7 $162.0 $78.5 $100.8 $105.8 $105.0 $102.0 $73.4 $71.5 $91.9 $77.0 *All figures are median, in thousands 7-year Salary Study Comparison Total cash compensation* Title Chief executive officer Corporate controller/comptroller Vice-president sales and marketing Production manager Operations manager General manager Plant manager Engineering manager** Purchasing manager Quality assurance manager R&D manager Food technologist/specialist** 2006 2005 2004 2003 2002 2001 2000 $192.5 $116.7 $182.8 $88.5 $115.0 $116.3 $113.7 $109.0 $82.5 $77.9 $99.5 $87.7 $172.0 $107.7 $162.0 $78.5 $100.8 $105.8 $105.0 $102.0 $73.4 $71.5 $91.9 $77.0 $160.5 $101.4 $159.0 $76.0 $91.0 $102.7 $100.0 $95.5 $68.0 $67.0 $87.0 $74.5 $150.0 $95.0 $150.0 $70.0 $85.5 $95.0 $99.4 $92.0 $66.5 $63.5 $83.0 $72.5 $149.5 $94.3 $155.5 $65.3 $85.5 $113.3 $101.8 $92.8 $65.0 $60.5 $80.3 $66.4 $152.0 $93.8 $149.5 $64.3 $83.4 $104.3 $101.5 $87.3 $62.5 $57.0 $77.0 $62.1 $125.0 $90.0 $139.0 $60.0 $79.0 $102.5 $98.0 - $48.5 $54.8 $74.0 - *All figures are median, in thousands **New position added in 2001 Self-Reported % Total Compensation Increase Salary vs. Bonus" on Page 26). This points to the bettering health of the industry. As bakeries' bottom lines improve, their employees reap more rewards. However, these rewards seem to be based on performance. This is also apparent when looking at company benefits. Among mid-management positions, there was an increase in profit sharing and stock options this year and a reduction in retirement plans. Retirement plans are being cut in many industries across the country. By increasing stock options and making profit sharing available, employers are rewarding employees for their contributions to the success of the company. This is a shift in the way bakeries have done business in the past. Overall compensation packages are shifting to not only reflect the work of the individual employee but also how that employee's work affects the well-being of the business. Results are directly tied to how employees are rewarded, both in Title Chief executive officer Corporate controller/comptroller Vice-president sales and marketing Production manager Operations manager General manager Plant manager Engineering manager Purchasing manager Quality assurance manager R&D manager Food technologist/specialist 2006/2005** 2005/2004* 4.8% 9.1% 5.0% 3.1% 4.0% 3.9% 7.1% 3.9% 3.8% 3.6% 3.5% 4.7% 4.2% 7.1% 5.2% 3.3% 5.0% 6.9% 6.1% 8.4% 7.1% 8.8% 5.6% 6.1% **Self-Reported in 2006 Study *Self-Reported in 2005 Study July 2006 / BAKING & SNACK / 27