Product code: FMAWB24
Title: 2024 Salary/Wage and Benefits Survey
Author: FMA
Format: Survey
Year Published: 2024
Description:
This report is structured into four key sections: demographic data, staffing and wages, job title specifics, and benefits. It offers compensation information from the 2023 fiscal year for over 8,300 employees across 78 positions within relevant technology sectors.
Comparative analyses are conducted based on demographic factors such as company size, geographic location, sales volume, area population, and company type. Additionally, the report addresses staffing considerations, including projected salary increases, absenteeism rates, and the availability of flexible work schedules.
The benefits section details the prevalence of various offerings based on employee count, covering aspects such as medical insurance plans, coverage waiting periods, wellness incentives, retirement savings options, paid time off, and more.
Potential applications of this report include:
• Evaluating the effectiveness of your employment practices and staffing policies
• Utilizing compensation data to establish competitive pay levels
• Benchmarking the value of your benefits plans against industry standards
• Analyzing overall results to ensure alignment with company goals and identify opportunities for improvement
This survey is conducted annually by the Fabricators and Manufacturers Association and is sponsored by CNA Insurance.
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