Product code: FMAWB21
Title: 2021 Salary, Wage & Benefits Survey
Year Published: 2021
The report is divided into five sections: demographics data, COVID-19, staffing and wages, job title details, and benefits. The report provides compensation information for 6925 employees in 78 positions for applicable technology sectors in the industry.
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.
The 2021 survey includes a special advisory section to record major challenges and / or innovations due to the COVID-19 health crisis. Participants were asked to report on usage during the 2020 calendar year.
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
Download a sample of the 2021 data to see how information is displayed in the results. This survey, conducted annually by the Fabricators & Manufacturers Association, is sponsored by CNA Insurance.
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