BANNOCKBURN, IL – Assembly equipment salary budgets rose on average 7.4% for hourly workers, 5.6% for salaried employees and 3.6% for management this year, IPC said.
The association’s recent salary and wage report presents aggregate data on 41 positions and their related job descriptions. However, IPC did not disclose how many companies responded to the survey, nor did it breakout the results by region.
Benefits costs in 2007 were, on average, 23% of total wages, according to survey respondents.
IPC also published an executive compensation study, published for the exclusive use of participating member companies.