IPC Study: Salary Budgets are Rising
January 22, 2018 | IPCEstimated reading time: 1 minute
Expanding salary budgets for North American electronics assembly companies are among the findings of a new study published by IPC this week. The 2017 Wage Rate & Salary Study for the North American Electronics Assembly Industry is now available for purchase.
Average growth in salary budgets in 2017 and 2018 for the 49 contract electronics manufacturers and OEMs that contributed data to the study was a full percentage point higher than average pay increases in both years, indicating an expanding workforce. The report also covers spending on benefits, health insurance and training.
The report presents averages, average ranges and percentile data on 2017 hourly wages, annual salaries and sales compensation. Data on 40 positions are segmented by region and company size. Sales compensation data covers base salaries, commissions and bonuses, as well as compensation of independent manufacturers' representatives.
Data on current HR policies cover hiring, performance appraisal, shifts, paid leave, team activities and other topics. Coverage of employee benefits includes retirement plans, profit-sharing, stock ownership, health insurance plans, life insurance, coverage of dependents, company contributions to insurance premiums, and tuition assistance.
Electronics assembly companies in North America can use the data in the report to gauge the competitiveness of their compensation, benefits and policies. The findings can help companies compete for the best talent in the industry.
The report is available from IPC for $450 (IPC member price, single user) or $900 (nonmember price, single user). For more information or to purchase the report, click here.
About IPC
IPC is a global industry association based in Bannockburn, Illinois, dedicated to the competitive excellence and financial success of its 4,300 member companies which represent all facets of the electronics industry, including design, printed board manufacturing, electronics assembly and test. As a member-driven organization and leading source for industry standards, training, market research and public policy advocacy, IPC supports programs to meet the needs of an estimated $2 trillion global electronics industry. IPC maintains additional offices in Taos, N.M.; Washington, D.C.; Atlanta, Ga.; Brussels, Belgium; Stockholm, Sweden; Moscow, Russia; Bangalore and New Delhi, India; Bangkok, Thailand; and Qingdao, Shanghai, Shenzhen, Chengdu, Suzhou and Beijing, China.
Suggested Items
ZESTRON Academy Launches 2024 Advanced Packaging & Power Electronics Webinar Series
05/01/2024 | ZESTRONZESTRON, the leading global provider of high-precision cleaning products, services, and training solutions in the electronics manufacturing and semiconductor industries, proudly announces the launch of its highly anticipated webinar series on Advanced Packaging & Power Electronics, a webinar series on the latest innovations, cleaning, and corrosion challenges.
NextFlex Convenes the Hybrid Electronics Community at Binghamton University
05/01/2024 | NextFlexBinghamton University hosted the NextFlex hybrid electronics community on April 18 for a day of expert presentations, breakout sessions on technology and manufacturing topics, and networking.
HQ NextPCB of HQ Electronics Debut on the International Stage for Electronics Manufacture at IPC APEX 2024
05/01/2024 | PRNewswireHQ NextPCB of HQ Electronics, a leading Chinese-based multilayer PCB manufacturer and assembly house showcased its industrial prowess on the international stage for the first time at the IPC APEX Expo 2024.
GPV’s Q1 2024 Interim Financial Report Shows Strong Navigation in Uncertain Times
05/01/2024 | GPVDanish-based GPV recorded an expected drop in sales to DKK 2.3 billion for the first quarter of 2024. The decline also affected the operating profit, which was DKK 155 million compared to DKK 179 million in the same quarter last year, although the EBITDA margin was maintained. In general, demand has been softer in 2024, but GPV continues to invest for the long-term and expects the trend to turn in the second half of 2024.
All-Inclusive: PRIDE Industries Helps Employees With Disabilities to Succeed
05/01/2024 | Sandy Gentry, IPCPRIDE Industries is the leading employer of people with disabilities and those with other barriers to employment in the United States, including veterans and former foster youth. The company offers job training, placement, on-the-job coaching, and skills development for independent living. It has held IPC membership since 2000. Read more about this unique business and its connection to the electronics manufacturing industry.