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
Real Time with… IPC APEX EXPO 2024: Magnalytix's Services and Trends in the Electronics Industry
05/10/2024 | Real Time with...IPC APEX EXPOMike Bixenman, president of Magnalytix, explains Magnalytix's services, including third-party validation, test boards, electrical testing, and comprehensive reports. He also discusses emerging trends such as power electronics and reliability. Standards and design improvements also form part of this conversation.
Podcast Review: On the Line with… Designing for Reality
05/09/2024 | Duane Benson, Positive Edge LLCAs a technologist, if I were forced to come up with just one recurring theme that I might call a professional “nemesis,” it would be the difference between theory and reality. A lot of technology we have at our disposal works well in theory but falls short when reality hits. That’s not the only reason I chose to listen to and review On the Line with… Designing for Reality, featuring a series of conversations with ASC Sunstone’s Matt Stevenson, but it certainly helped that the title caught my eye.
AIM Solder Signs Shinil Fl Ltd. as New Distributor for Korea
05/08/2024 | AIM SolderAIM Solder, a leading global manufacturer of solder assembly materials for the electronics industry, is pleased to announce a new distribution partnership with Shinil Fl Ltd., a prominent supplier of technological solutions in the SMT and semiconductor sectors.
KYZEN’s Adam Klett to Keynote at SMTA Electronics in Harsh Environments Conference
05/07/2024 | KYZEN'KYZEN, the global leader in innovative environmentally friendly cleaning chemistries, announced today that KYZEN’s Director of Science, Adam Klett, PhD will present as a keynote speaker at the SMTA Electronics in Harsh Environments Conference. The event is scheduled to take place May 14-16, 2024 at the Technical University of Denmark in Copenhagen, Denmark.
Altus Equips SSTL with Advanced Cleaning Technology for Electronics
05/07/2024 | Altus GroupAltus Group, a leading supplier of capital equipment for the electronics manufacturing industry, has announced the successful installation of an advanced PCBA cleaning system at Surrey Satellite Technology Limited (SSTL).