DAYTON – The Dayton Region Manufacturers Association has released its annual Employee Wage and Benefit Survey report.
Results of the 2019 survey, conducted in conjunction with Dayton-based Manpower, help companies determine their competitiveness in the industry and serves as a standard for hiring best practices. The survey covers current trends in compensation, employee benefits, work schedules and recruitment and retention strategies.
Local manufacturers use the survey to attract and retain new employees.
“Paying people fairly is good for business,” DRMA President Angelia Erbaugh said. “Underpay and employees will eventually look for a better offer. Overpay and the payroll budget and profitability will suffer. That’s why companies use market data, such as our wage and benefits survey, to research the value of their jobs. The high level of interest in our survey is evidence that employers are continuing to compete for and retain talent, which speaks to their struggle to find enough candidates with the right skill set.”
According to Jim Bowman, owner of Noble Tool, LLC, “The DRMA Wage and Benefit Survey is a great benchmarking tool for us. We want to offer a total compensation package that is competitive in the region and then add to that the exciting teaming environment that Noble Tool has to offer in order to attract the best and brightest employees. We want Noble Tool to be one of the manufacturing employers of choice in the Dayton Region, and the survey supports that goal.”
The survey report is available to DRMA members for $175 and to future members for $300. To purchase a copy, contact DRMA at 937-949-4000 or email SKnoll@DaytonRMA.org.