Paying people fairly is good for business. 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 to research the value of their jobs. To determine the prevailing rate for a job, companies can "benchmark" jobs against compensation surveys that are detailed and specific to the companies' industries and regions. And that’s exactly what the DRMA/Manpower Wage and Benefits Survey provides.
Topics presented in the survey include:
- Business demographics
- Employee wages
- Employee benefits (medical, dental, vision, short- and long-term disability, holiday, vacation, profit sharing, 401(K), and pension plans
- Work schedules
- Recruiting strategies
- Retention statistics
Non-participating DRMA members may purchase a copy of the report for $175; non-members may purchase a copy for $300. Call the Association office (937-949-4000) or email Kelly Rich at KRich@Daytonrma.org to order your copy.
Here’s what members are saying about the survey:
“The DRMA/Manpower wage and benefits survey is a great benchmarking tool for us. We want to offer a total compensation package that is competitive in the region. We want Rack Processing to be one of the manufacturing employers of choice in the Dayton Region, and the survey supports that goal.”
Jim Bowman, Chief Operating Officer, Rack Processing
“Techmetals has depended on the survey for years to help keep our competitive edge and retain the best employees.”
Pam Conner, HR Director, Techmetals