Compensation: Measurement and control, salaries, incentives gain
Williamsburg, VA —The annual compensation study targeted on salaried positions in the measurement, control and automation industry was published recently by the Measurement, Control & Automation Association (MCAA), with average increases near 5%. The report now includes hourly wage rates for regular and temporary employees.
|Chart shows percentage increase in base rates of salaries in the MCAA 2007 survey compared to 2006.|
In 2006, salaries reported in the survey grew an average of 3.8% across 70 positions compared to the previous report. This year, salaries increased an average 4.7%. Incentive compensation rose an average of 15%. This year, 74% of the reporting population stayed the same, including most of the major companies. No larger companies (over $50MM in sales volume) left the report, while several more joined that segment.
Base compensation appeared well up over 2006.d manufacturing engineering decreased in incentive compensation. Software engineers showed an increase in incentives. Projections for structure and merit increases show small changes in the compensation structure (salary ranges where used). Most increases are merit-based.
Hourly wage reports from 43 reporting companies showed average rates slightly under $17 for regular hourly employees and approximately $13 for temporary hourly workers. Sixty-two percent of respondents use temporary hourly workers.
Each job reported includes information on the numbers of companies matching the defined responsibilities, the lowest base rate reported by participants, the highest base rate, and the average base rate (weighted and unweighted). The data is reported by company size wherever possible, showing the number of companies, the number of incumbents and the range of percentiles (25-50-75). The weighted average base rate is shown by region when possible. Incentive and commission averages with total compensation calculations are included, plus salary ranges reported and averaged for responding companies.
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