ASA Launches Executive and Employee Compensation Survey
Press Release Summary:
ASA and its regional affiliates will collaborate with other industrial distribution associations to conduct a comprehensive executive and employee compensation survey, including a volume especially for the PHCP-PVF wholesaler-distribution channel. The final report will be released in early spring 2020. This survey help companies in knowing whether they are paying their employees fairly, which will in turn help reduce employee turnover and retaining good talent. Research indicates that Losing an employee can cost employers between 30-40% of an hourly employee’s earnings, 150% for salaried employees, and as high as 400% for high level positions/top performers.
Original Press Release:
ASA Launching Cross-Industry Compensation Study in 2020
This January, ASA and its regional affiliates will collaborate with other industrial distribution associations to conduct a comprehensive executive and employee compensation survey, including a volume especially for the PHCP-PVF wholesaler-distribution channel. The final report will be released in early spring 2020.
The 2018 study analyzed data of 1,037 different wholesale-distribution firms from across the U.S., including the PHCP-PVF wholesaler-distribution channel, with a combined total of more than 9,500 locations. The final report provided a detailed look at compensation and benefits programs across different sales volume categories as well as nearly 100 different geographic and metro market areas. The report was also available in an online searchable results application which helped users to navigate, filter and view the data according to their specific needs.
The study is free for members that participate. It will help companies in knowing whether they are paying their employees fairly, which will in turn help reduce employee turnover and retaining good talent. Research indicates that Losing an employee can cost employers between 30-40% of an hourly employee’s earnings, 150% for salaried employees, and as high as 400% for high level positions/top performers. Furthermore, having reputable information at hand during salary discussions can aid in salary negotiation.
If you expect that your company will be competitive when attracting and retaining the best employees among ALL of the wholesaler-distributors in a given market area, including PHCP-PVF, the value from participating in this survey and report is very clear. Data collection will begin in early January, and ALL participating wholesaler-distributor members will receive a copy of the final report in exchange for having completed the survey questionnaire.
The American Supply Association is the national association for full-service wholesaler-distributors and their suppliers of plumbing-heating-cooling-piping and industrial pipe-valve-fitting products and related services. Learn more about ASA and its business intelligence reports at www.asa.net.
EDITORIAL CONTACT:
Amanda Belknap
VP of Marketing & Communications
American Supply Association
630.467.0000, ext. 203 | news@asa.net
