Benchmark Your Manufacturing Company
A Manufacturer’s Agile Path to Competitive Advantage.
Watch the highlights from our results reveal above, or view the whole event here.
Building a competitive advantage
Manufacturers continually reevaluate compensation and benefits packages to remain competitive with top talent while also controlling rising costs. From compensation by title to benefits offered to employees to company operations, our biennial manufacturing compensation & benefits benchmarking study–“Gearing Up for Success”–looks at these trends and much more.
Our 2023 study of 85 regional manufacturers found:
- CFOs in smaller companies earned total compensation of $165,356, which is about $48,499 less than paid at larger companies.
- Healthcare costs increased by 6% on average in 2022.
- 66% respondents offer an HSA, while 44% of those companies make a flat dollar amount contribution directly to the employee’s HSA.
- Key metrics used by manufacturers include net/percentage of sale, EBITA, and inventory turnover among others.
- Larger companies work 8.6% overtime annually; companies with fewer than 100 employees work 6.5% overtime annually.
This 47-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.