How is the public fleet industry doing? Government Fleet has compiled its annual benchmarking statistics, collected from its annual survey. Salary and retirement information is collected every two years.
The average salary for professionals overseeing fleet management has jumped to $93,660, an 11% increase from what respondents reported two years ago. A higher number (85%) said their salaries had increased from the prior year than in the past, and more of them reported higher increases.
Similar to previous survey results, about two-thirds of respondents said they have a succession plan in place or are working on one. Training someone on staff to take over is still the most popular method for succession planning, and 10% of respondents said they plan to stay at their agency for consulting after official retirement.
Baby boomers make up nearly 60% of survey respondents, and 20% of respondents plan to retire within the next four years. Age of fleet staff is more varied — 17% of respondents said at least half their staff will be ready to retire in the next five years.
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Editor's Note: This article was updated 9/6 to clarify the scope of the data and the respondents.