September 27, 2010
The Fabricators & Manufacturers Association Intl. (FMA), Rockford, Ill., offers the 2010 Salary/Wage & Benefit Survey, providing data for both salaried and hourly shop floor employees. It is available for electronic download for a fee at the FMA Store (www.fmastore.org).
The survey details employment practices, benefit packages, salaries, and wages for 132 participating companies. It reports annual base compensation information for 6,717 employees in 61 applicable industry positions and includes the mean, median, minimum, and maximum ranges for each wage/salary.
Wages are reported by company size, region, area population, and sales volume, while employment practices and benefit details are reported by company size.
"Manufacturing executives can review and compare employment practices, staffing policies, compensation data, and benefits information to see if their company is on target and to identify areas of improvement," said Gerald Shankel, president and CEO of FMA. "With a skilled worker shortage in many technical areas, this data can help companies recruit and retain the best qualified employees. For companies involved in negotiating union contracts, having industry-specific comparative data can support reasonable contracts — critical in this challenging economy."
The survey information was collected between April and July 2010.
FMA is a professional organization with more than 2,100 members working together to improve the metal forming and fabricating industry through technology councils, educational programs, networking events, and the FABTECH™ tradeshow. FMA also has a technology affiliate, the Tube & Pipe Association Intl. (TPA), which focuses on the unique needs of companies engaged in tube and pipe producing and fabricating.
Products in Shop Strategies
News in Shop Strategies