Product code: FMAWB20
Title: 2020 Salary, Wage & Benefits Survey
Author: FMA
Format: Survey
Year Published: 2020
Description:
This survey, conducted annually by the Fabricators & Manufacturers Association, provides data for salaried, hourly production, hourly non-production, and union employees. The survey details employment practices, benefit packages, salaries, and wages for 86 participating companies.
Annual base compensation information for 6,853 employees in 73 industry positions is included as well as the mean, median, minimum and maximum ranges for each wage/salary. Bonus and commission as a percent of salary is reported for applicable positions.
Reporting comparisons are made based upon demographic similarities such as size, location, sales volume, area population, and type of company. Other staffing considerations such as estimated salary increase, absenteeism rates, availability of alternative work schedules, and more are covered.
The prevalence of benefits and associated factors are broken down around number of employees. These include medical insurance plans, coverage waiting periods, wellness incentives, retirement savings, investment options, PTO offered, plus so much more.
Some ideas for using the report:
Assess the effectiveness of your employment practices and staffing policies
Look at the compensation data as a reference for setting competitive pay levels
Benchmark the value of your plans against others using the benefits information
Draw on overall results to ensure your company is on target and/or identify areas for improvement
View a sample page
Customer review:
"FMA's Salary/Wage & Benefit Survey is a great tool! I participate in the survey and use the compiled results every year. I find it to be very thorough and it gives a clear cut picture of wages and benefits."
- Dennis Heimerman, President/Owner, Metal Services of Blooming Prairie, Inc.