While curating Security Driver job opportunities, we looked at the salaries listed in Security Driver – Executive Chauffeur Job offers and did a quick numbers crunch.
We found that the average rate offered is – Hourly -$40.20, Daily – $321.60, Weekly – $1608, and Yearly – $83,616. The numbers are based on an 8-hour day and a five-day week. The highest per year is $114,400, and the lowest is $52,000. Most all include benefit packages. We don’t have data to back up the following. Still, our experience tells us that in the Corporate and HNW sectors of the profession, the $114,400 is about average and, when considering overtime pay, may be below average.
How do those numbers compare to the salary of the average worker in the U.S? According to the latest data from the U.S. Bureau of Labor Statistics (BLS), the annual mean wage for a full-time wage or salary worker in the United States is $53,490 per year or $1,028 per week (for a 40-hour workweek). Or $25.70 per hour.
The only metrics we could find from the Bureau of Labor Statistics (BLS) that would remotely relate to Security Drivers are numbers based on the job title of Passenger Vehicle Drivers. The pay scale indicated is $37,540 per year, $18.05 per hour.
Is the market willing to spend money on Secure Transportation?
In a recent Executive Protection and Secure Transportation podcast episode, “Spending for Secure Transportation Continues to Increase,” we talked about the substantial increase in spending to protect executives and pointed out that one company, Facebook, has increased its spending on residents’ security and Secure Transportation by an incredible 87% since 2018.
And it’s not just Facebook; we analyzed six other Fortune 100 companies and found that from 2018 they have increased their spending on residents’ security and Secure Transportation by 64%.
It will be interesting to see if this trend continues. Members can read an extended version of the Spending for Secure Transportation Continues to Increase Podcast episode.
For our Members, we separated the extended episode into three articles.