The International Council of Shopping Centers (ICSC) is launching a European Retail Real Estate Remuneration Survey, to deliver the first-ever shopping centre industry-specific comparative benchmarking source.

The International Council of Shopping Centers (ICSC) is launching a European Retail Real Estate Remuneration Survey, to deliver the first-ever shopping centre industry-specific comparative benchmarking source.

Questionnaires will be distributed to participating members in May and the final report will be published in September 2010.

The survey follows on from the inaugural ICSC North American Retail Real Estate Compensation Survey conducted last year in which participating ICSC members shared the results to help monitor market trends and develop their human resources strategies.

ICSC European Managing Director, Ermine Amies, said: 'In the current economic climate, this essential research will provide an important comparative benchmarking source for ICSC members. The scope is being developed by our members.'

The survey will look at basic salary, annual incentives (cash bonuses) and long-term incentives (equity awards) for executive management positions including asset managers, facilities managers, property operations, leasing/letting, accounting, security, development and those involved in acquisitions and disposals. It will also review corporate services positions, from accounting and legal to human resources, marketing and technology.

The final report will highlight current topics and trends in remuneration, geographical differencies and summaries of remuneration packages.