Compdata Surveys & Consulting Blog

Manufacturers & Distributors Are Doing These 5 Things in Compensation

Posted by KC Hall on Jun 28, 2016 8:21:27 AM

Compensation Data Manufacturing & Distribution results have been released, and, wow, talk about data! This year's results feature data from more than 28,000 employers with 22 million employees across the country! From 2016 results, check out five things happening in manufacturing and distribution compensation. How does your org stack up?

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The Compensation Data Manufacturing & Distribution database is a comprehensive collection of employer-reported pay and benefits data. Accessible online, users can filter pay data by industry classification, revenue, employee size, local geographic area, and other breakouts important to their organization’s unique needs.

Find out how employers are handling critical items, such as pay increases, employee incentives and cost containment. Learn about current turnover trends and industry recruiting practices.

Compensation Data Manufacturing & Distribution is available for the following regions: Midwest, Northeast, South Central, Southeast and West. It is also available as a National Suite, giving employers the opportunity to build a customized package of compensation resources to best meet their needs.

On the importance of the 2016 compensation data results, Compdata Vice President Amy Kaminski explains, “HR professionals strive to find the perfect combination of total rewards. They are charged with creating packages capable of attracting employees, as well as driving employee satisfaction and engagement. When making such critical decisions, it is important to use accurate compensation and benefits market data. Because our data comes directly from more than 28,000 employers, you can use it to develop truly competitive packages.”

Find more information about the 2016 Compensation Data Manufacturing & Distribution results at www.compdatasurveys.com/manufacturing

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Want to share this info? Share our full blog post using the buttons above or tweet some of the stats:

From @CompdataSurveys, #manufacturing & #distribution employers report average total turnover rate of 15.7% #hr 

From @CompdataSurveys, #manufacturing & #distribution employers report an average 2016 pay increase of 2.8% #hr #compensation

From @CompdataSurveys, more #manufacturing & #distribution employers offering bonus if employed for certain length of time #hr 

From @CompdataSurveys, #manufacturing & #distribution employers report increased utilization of Kaizen this year #hr #leanmanufacturing

From @CompdataSurveys, more #manufacturing & #distribution employers utilizing Pharmacy Benefit Management to contain costs #hr

About Compdata Surveys & Consulting

Since 1988, Compdata Surveys & Consulting has provided HR professionals with the compensation tools they need to stay competitive. With an extensive pay and benefits database and experienced compensation consultants, we are a full-service firm providing innovative solutions to complex compensation challenges. Thousands of organizations provide data in each of our 12 industry-specific surveys every year, ensuring the reliability of our results. For more information about the compensation and benefits surveys, contact KC Hall at (800) 300-9570.

Download free report turnover rate by state

Topics: Lean Manufacturing, News, Turnover, Manufacturing, Survey Results, Pay Increases, Reducing Insurance Costs, Distribution, Recruiting Trends

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