ROCKFORD, Ill. - The Fabricators and Manufacturers
Association International (FMA) is seeking input from metal-forming and
-fabricating shop floor executives for its biannual “2007 Wage & Benefits
Survey - Shop Floor Edition.”
“Management participation allows us to provide the most
comprehensive compensation survey in the industry, and offers metalworking
executives a resource to design a competitive package for shop floor
employees,” said Gerald Shankel, president and chief executive officer of FMA.
The 2007 study, sponsored by FMA and the Tube & Pipe
Association International (TPA), will report hourly wages for more than 80 shop
floor job titles and hundreds of positions. A benefits section will include
vacation policies, medical insurance coverage, profit sharing and retirement
plans, shift differentials, and overtime scales.
Major metal fabricating technologies covered in the study
include stamping and pressworking, roll forming, plate and structural, coil and
toll processing, precision sheet metal fabrication, and tube and pipe producing
and fabricating. Data is sorted by geographic region, population, company size,
sales volume, and union representation. Wages reported include high, low, and
average hourly rates.
“Companies can compare their pay rates and compensation
policies with those of other employers by region, company size, and company
sales volume,” noted Shankel.
The full report will be available in the third quarter of
this year. The deadline for submissions is Aug. 6; all data are held in the
strictest confidence, the association said.
For more information, visit www.fmanet.org.
Publication date:06/11/2007
