Botoff Consulting Announces Release of Estate and Household Compensation Survey

Botoff Consulting’s Inaugural 2022-2023 Estate and Household Compensation Survey Breaks New Ground; Responses from 300 Participating Families and Data on 1,200+ Incumbents

LOS ANGELES--(BUSINESS WIRE)--Botoff Consulting, a boutique compensation consulting services firm, is pleased to announce the release of our inaugural Estate and Household Compensation Survey. This robust study focuses on roles in the following categories: Estate/Household Leadership, Personal Support & Administration, Household Staff, Family Care, Culinary, Facilities Management, and Security.

"Thank you to all participants for helping us break new ground in expanding the breadth and depth of compensation data for estate, household, and personal service roles," stated Trish Botoff, Founder and Managing Principal of Botoff Consulting. The 2022-2023 Estate and Household Compensation Survey includes responses from 302 participating families/family offices reporting data on more than 1,200 incumbents in 30 positions. These are unique roles within households and estates, whose compensation is likely to differ from market levels in general industry. This report reflects 2022 base salary, bonuses, and other compensation paid.

"We are thrilled to share the results of the survey, especially given the increase in requests for compensation data," says Trish Botoff. "We founded the firm in 2014 with the primary focus of serving families/family offices and providing relevant compensation data. Our team is proud to have conducted industry-leading surveys, giving us the opportunity to work with leading financial institutions and global leaders in the family office and family enterprise space. Together, we continue to fill the once significant gap in data and develop best practices to empower our clients to make informed, sustainable decisions."

For the first time, Botoff Consulting's full report is available for purchase. This comprehensive report includes supplemental data in addition to the compensation best practices and trends included in the complimentary report, which was co-published with Morgan Stanley. Either report can be requested here or by emailing [e-mail].

Botoff Consulting guides family offices and family business enterprises in designing compensation strategies aligned to the family’s or organization’s vision, goals, and performance. We are proud to be able to support the diverse, discrete, customized needs of our clients by leveraging our industry-leading proprietary data and market trends while incorporating best practices.

ABOUT BOTOFF CONSULTING

The firm was founded in 2014 to provide compensation and related consulting services to family offices, family investment firms, and family business enterprises across industries and geographies. We continue to build and maintain the most expansive database of family office, family investment firm, and now household and estate compensation data.

Our extensive expertise includes compensation benchmarking, strategy, and structure; benefits analysis and benchmarking; incentive plan design; performance management; compensation governance; board support; and litigation/expert witness support.

We utilize both our proprietary data and a broad array of best-in-class compensation studies, ensuring we capture markets from which you compete for talent. With principal consultants on both the East and West coasts, we serve clients in the U.S. and globally. To learn more, please visit botoffconsulting.com.