The Real Effects of Today's Economy on the Manufacturing Industry
Kansas City, KS (PRWEB) August 19, 2009
Organizations across the country have been affected by the recession, and the manufacturing industry is leading the pack. Pay increase budgets have fallen and healthcare costs are up placing mounting pressure on the industry. Organizations are looking for ways to enhance their compensation packages without affecting their bottom line. In addition, the industry is facing unique challenges as baby boomers begin to retire resulting in a shortage of skilled workers.
Access a new whitepaper, "The Real Effects of Today's Economy on the Manufacturing Industry" and gain a clearer picture of what's happening at manufacturing companies across the country.
Highlighting information from the newly-released, 2009 Compensation Data Manufacturing survey results, you'll find data on pay increase budgets, healthcare premium increases, cost containment and reduction measures, trends in wellness programs, prescription costs and vacation packages.
As organizations across the country make changes to their pay and benefit plans for 2010, HR professionals should keep in mind the lasting impact these changes will have on their organizations. Communication and informed decision making will be the key to each organization's success in the coming months.
About the Survey:
Compensation Data Manufacturing 2009 contains data on over 200 industry-specific job titles and more than 250 benchmark titles ranging from entry-level to top executives. Data is collected annually from employers across the country. The results provide a comprehensive summary of pay data, benefit information and pay practices with an effective date of February 1, 2009.
"Compdata Surveys offers pay and benefits data in eight, industry-specific sets of results for organizations across the country," said Kaminski. "The results allow users to compare data by company size, region, state and local geographic area allowing customers to find information best fitting their needs."
Compdata Surveys is the nation's leading compensation and benefits survey data provider. Thousands of U.S. organizations provide data each year ensuring the reliability of our results. Compdata Surveys has been providing comprehensive data at affordable prices to organizations from coast to coast since 1988. For further information about the compensation and benefits surveys, contact Amy Kaminski at (800)300-9570.
Manager of Marketing Programs