About
BARNES
DENNIG
As businesses and organizations re-open doors and our focus shifts to the restart economy, the Barnes Dennig team is here to help you thrive. From PPP Loan Forgiveness quick tests and consulting solutions to key strategies for the restart economy, we go beyond the numbers to help you navigate the road ahead and find your organization’s best future.
We continue to provide tax, accounting, consulting, and business advisory services including wealth management and business valuation services. As always, with expert insights and game-changing strategies, we’re committed to helping our community and our clients survive and thrive.
Events
August 11, 2020
CARES Act Webinar
September 9, 2020
19th Annual Not-for-Profit Leadership Virtual Summit
September 16, 2020
Accounting & Auditing Standards Webinar
November 4, 2020
Manufacturing Annual Seminar
Benchmarking
Construction Benchmarking Report
Benchmark Your Construction Company
Chart a Blueprint for Success in 2020 and Beyond
Do you wonder what fellow contractors pay by position? What compensation and bonus strategies they utilize? What issues they are struggling with today? Our biennial construction compensation, benefits and benchmarking study–“Measure Up Against the Competition”–looks at these trends and much more.
Our 2020 study of 67 local general and specialty contractors found:
- Gross revenue per FTE is $433,311.
- A general contractor president/CEO has 16.2 years of experience; 43% total compensation stems from bonus and/or commission.
- Of the companies that pay bonuses, only 75% give bonuses to field workers compared to 94% for project managers/estimators.
- The percentage of companies providing 401(k) matches decreased slightly from 89% in 2018 to 88% this year.
- 87% of contractors list attracting and retaining qualified personnel as their top challenge in 2020, down from 97% in 2018.
This 50-plus page report examines financial benchmarks, compensation by job title, benefits provided and issues facing the industry. Both union and non-union workplaces are included and participants’ sales range from less than $5 million to more than $100 million.
Download the report preview here.
Manufacturing Benchmarking Report
Benchmark Your Manufacturing Company
Know what you have to do to “Spark Continuous Improvement”
Manufacturers continually reevaluate compensation and benefits packages to remain competitive to top talent while also controlling rising costs. From compensation by title to benefits offered employees to company operations, our biennial manufacturing compensation & benefits benchmarking study–“spark continuous improvement”–looks at these trends and much more.
Our 2019 study of 97 local manufacturers found:
- CFOs in smaller companies earned total compensation of $170,348, which is about $53,470 less than paid at larger companies.
- Healthcare costs increased by 8% on average.
- Nearly two-thirds of respondents offer an HSA, with 80% of companies reviewing or considering them.
- Key metrics used by manufacturers include net/percentage of sale, EBITA and inventory turnover among others.
- Larger companies work 10.7% overtime annually while companies with fewer than 100 employees work 8.0% overtime annually.
This 50 plus page report looks at companies with under 100 employees as well as those with over 100 employees. Public, private and family-owned workplaces in both union and non-union settings are included, and participants’ sales range from less than $5 million to more than $250 million.
Download the report preview here.
Not-For-Profit Benchmarking Report
Benchmark Your Not-for-profit
Are You Prepared to Handle Your Organization’s Future?
Are you competitive with other area not-for-profits? Are the compensation and benefits you offer in line? What activities are others using to raise funds? What goals and roles do other organizations task their board with? Our not-for-profit compensation, benefits & benchmarking study helps you “put all of the pieces together” by diving deeper into these trends and much more.
Our 2019 study of 117 local not-for-profit organizations found:
- Staffing will remain the same except for healthcare organizations who are anticipating increases.
- Salaries for executive directors/presidents/CEOs range from a low of $94,383 to a high of $208,958, with an average of $141,527.
- Over the past three years, non-profits have reported an average annual premium increase between 8-12%.
- Board committees vary greatly with the most common being executive, finance and development.
- Three-fourths of all audit committees have CPAs as members.
This 50 plus page report looks at organizations with fewer than 10 employees to those that have more than 200 employees. Respondents work with small budgets under $2.5 million and budgets over $10 million.
Download the report preview here.
Wholesale/Distribution Benchmarking Report
Benchmark Your Wholesale Distribution Company
Supplying Success to Distributors
To attract top talent, wholesaler-distributors need to understand what their competitors are paying their employees and what benefits they offer. Our biennial wholesale distribution compensation & benefits benchmarking study–“Supplying Success to Distributors”–looks at pay scales by position, compensation strategies and industry trends.
Our 2018 study of 46 local wholesale distribution companies found:
- More than half of respondents will hire additional employees this year.
- A warehouse manager at a company with more than 50 employees earns a base salary of $68,037, with nearly half of respondents providing a bonus on top of that amount.
- The number one issue facing wholesaler-distributors is attracting and retaining qualified personnel.
- The average Return on Total Assets (ROTA) is 11.1%, with ROTA equaling 10.3% for smaller companies and 13.3%.
- 93% of companies offer a 401(k) plan, an increase from 85% in 2016.
This 52 page report looks at companies with more than 50 employees and those with fewer than 50 employees representing companies with local, national and international presence.
Download the report preview here.