Thursday, October 15, 2009

Salary Survey in this Month's Wine Business Monthly

Subscribers to Wine Business Monthly: This month's issue has the salary survey in it. www.winebusiness.com

Overall salary trend: Surprisingly, salary increases. But also a lot of talk about consolidation and shedding of jobs. I have seen salaries continue to rise, but for very crucial positions. I think this may be driven by the need to put together very attractive compensation packages in order to attract serious talent. While new hires may have seen an increase in salary, this does not offset the large number of people who are suddenly out of work. I think there will have to be some adjustment of compensation programs to address the overall shift in the employment outlook in the industry.

On the Road

Off to visit several of my European wine clients in the next couple of weeks. Will be learning a lot about employment trends, winemaking strategies and thoughts on the state of the international industry.