-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueWhat's Your Sweet Spot?
Are you in a niche that’s growing or shrinking? Is it time to reassess and refocus? We spotlight companies thriving by redefining or reinforcing their niche. What are their insights?
Moving Forward With Confidence
In this issue, we focus on sales and quoting, workforce training, new IPC leadership in the U.S. and Canada, the effects of tariffs, CFX standards, and much more—all designed to provide perspective as you move through the cloud bank of today's shifting economic market.
Intelligent Test and Inspection
Are you ready to explore the cutting-edge advancements shaping the electronics manufacturing industry? The May 2025 issue of SMT007 Magazine is packed with insights, innovations, and expert perspectives that you won’t want to miss.
- Articles
- Columns
- Links
- Media kit
||| MENU - smt007 Magazine
Salary Budgets Rise Sharply in 2022 Says New IPC Wage Rate and Salary Study
November 9, 2022 | IPCEstimated reading time: 1 minute

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.
Responding companies reported annual average percent change in salary budgets in 2021 was three percent; for 2022, firms projected a 10 percent increase. Comparatively, salary budgets grew an average of 8.6 percent in 2019.
The report presents averages, average ranges and percentile data on 2021 hourly wages, annual salaries and sales compensation. Data on 39 positions covers base salaries, commissions and bonuses, as well as compensation of independent manufacturers' representatives.
Data on current HR policies cover hiring, overtime pay, performance appraisal, shifts, paid leave, telecommuting options, and other topics. Coverage of employee benefits includes defined contribution plans, profit-sharing, stock ownership, health insurance plans, life insurance, coverage of dependents, 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 in order to 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, visit shop.ipc.org/wage-a-22-english.
About IPC
IPC (www.IPC.org) is a global industry association based in Bannockburn, Ill., dedicated to the competitive excellence and financial success of its 3,000+ member companies which represent all facets of the electronics industry, including design, printed board manufacturing, electronics assembly, advanced packaging and testing. 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.
Suggested Items
LITEON Technology Reports Consolidated June Sales of NT$13.6 Billion, Up 16% Y-o-Y
07/08/2025 | LITEON TechnologyLITEON Technology reported its June consolidated revenue of NT$13.6 billion. Thanks to the growth from power management in cloud computing, advanced server, and networking, the revenue is up 2% M-o-M, 16% Y-o-Y. The cumulative sales for January to June totaled NT$76.8 billion, up 24%, Y-o-Y.
Niche Electronics Announces Major Manufacturing Upgrade
07/08/2025 | Niche ElectronicsNiche Electronics, a leading electronics manufacturing services company, announced today that it has completed installation of Yamaha’s newest SMT lineup at its Pennsylvania production facility.
Hon Hai Reports New June Sales High Amid AI Boom
07/07/2025 | I-Connect007 Editorial TeamTaiwan-based manufacturing giant Hon Hai Precision Industry Co. reported on July 5 that its sales for June rose 10 percent from the previous year, driven by cloud and networking growth because of the boom in artificial intelligence (AI), the Taipei Times reported.
Electronics Industry Wrestles with Cost Pressures and Weaker Profitability
07/07/2025 | Global Electronics AssociationElectronics manufacturers are facing rising material and labor costs according to the Global Electronics Association’s June Sentiment of the Global Electronics Manufacturing Supply Chain Report.
Naprotek Appoints James Eisenhaure as Chief Financial Officer
07/07/2025 | Naprotek LLCNaprotek, LLC, a leading provider of mission-critical electronics technology solutions, today announced that James Eisenhaure has been appointed Chief Financial Officer, effective June 30. Eisenhaure has been serving as interim CFO since earlier this year and now formally steps into the role.