NADCA releases 2008 wage survey.
Press Release Summary:
The North American Die Casting Association (NADCA) 2008 Annual Wage & Fringe Benefits Survey indicates pay for maintenance personnel increased 36% in 2008 over 2007. Study is based on findings from 37 domestic die casting companies and 13 different job classifications. Available with searchable CD-ROM containing database of participants as well as company data from 1999 to 2008, survey can be ordered at http://www.diecasting.org/publications.
Original Press Release:
2008 Wage Survey Shows More Than 30% Pay Increase for Some Jobs
Wheeling, IL, January 27, 2008 - Maintenance person's pay increases 36% in 2008 over 2007 according to statistics in the latest North American Die Casting Association (NADCA) 2008 Annual Wage & Fringe Benefits Survey. Other professions proved not so fortunate, such as CNC operators embracing a 34% decrease in wages.
The findings were based on an in-depth study of 37 domestic companies in the die casting industry and a comprehensive look at 13 different job classifications. The data in the survey includes comparisons of hourly wage earners, how employees are compensated, what benefits are received, as well as an analysis of how practices vary by company size and location. In addition, summaries regarding insurance rates and absenteeism have been incorporated.
"The data in this Wage & Fringe Benefits Survey reflects total pay, including overtime, and is indicative of the economic times the die casting industry is experiencing," said Daniel L. Twarog, NADCA's president. "More companies are paying to keep their older machines running, while time in the CNC area is decreasing."
In 2008, the median annual sales of the participating companies in the survey was $21.6 million per year; such die casters utilized 16 die casting machines, employed 118 full-time direct labor employees and 79 hourly production employees. This data reflects a sampling of the information that can be found in the 2008 Wage and Fringe Benefit survey.
To provide more flexibility in the analysis, the survey comes with a searchable CD-ROM containing a database of all surveyed participants and individual company data from 1999 to 2008. Search results may be saved and exported into a spreadsheet program for individual statistical analysis. To order a copy of item #852 visit http://www.diecasting.org/publications.
Headquartered in Wheeling, IL, The North American Die Casting Association (NADCA) represents the voice of the die casting industry, representing more than 3,100 individual and some 300 corporate members in the United States, Canada and Mexico. NADCA is committed to promoting industry awareness, domestic growth in the global marketplace and member exposure.
