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, 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.