BANNOCKBURN, IL — A sharp increase in salary budgets and use of flexible hours programs for North American electronics assembly companies are among the findings of a new study published by IPC this week.

The 2022 Wage Rate & Salary Study for the North American Electronics Assembly Industry found the 2022 projections are 10%, well above the 2021 rise. 

Responding companies reported annual average percent change in salary budgets in 2021 was 3%. Comparatively, salary budgets grew an average of 8.6% in 2019, the trade group said.