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IPC Publishes EMS Industry Wage/Salary Study
January 28, 2010 |Estimated reading time: 1 minute
BANNOCKBURN, IL — IPC — Association Connecting Electronics Industries published IPC Wage & Salary Report for the North American EMS Industry 2008-2009. The 60-page report aggregates the results from 129 U.S. and Canadian EMS facilities that participated in the Association’s biennial wage and salary survey in the final months of 2009. Mean and median wages, salaries, bonuses, and commissions are reported for 31 specific positions, including technical, administrative, management and sales positions.
The study’s findings reflect current economic conditions. The U.S. economy has been in recession since end of 2007 and the unemployment rate has passed the 10% mark. According to IPC’s 2008–2009 wage and salary study, EMS salary increases reported for 2009 averaged 1.9% for hourly and management employees, and 1.7% for salaried employees. In contrast, IPC’s previous EMS salary studies from 2002 through 2007 reported average (mean) annual increases in the range of 3.0 to 3.5%.
Benefit costs in 2008–2009, as reported in the new study, climbed significantly to an average of 22.7% of total wages, up from 16.8% in 2007. The new IPC study found that average work hours remained the same from the year 2007, at 40 hours per week.
A few changes in benefits were also noted in the 2008–2009 study. For example, a declining percentage of companies, approximately 75%, are paying 100% of employees’ life insurance premiums.
“This peer-to-peer study gives our members the means to compare their compensation levels and benefits to other EMS companies in the same regions and size tiers,” said Sharon Starr, IPC director of market research, adding that the data has a more targeted scope, more relevancy, and better cost than research done by benefit consulting firms.
Companies that participated in the study receive IPC’s wage and salary report for free. IPC member companies that did not participate in the study may purchase the report for $475. Other companies may purchase the report by visiting www.ipc.org/ems-wage-salary-report. For more information about IPC’s industry compensation studies, or to participate in future studies, contact Sree Bhagwat at (330) 677-5563 or sreebhagwat@ipc.org.
See Other Industry Analysis:When EMS Companies Put Customers in the Driver's Seat, Get Out of the Way SME: Can 2010 Be a Prosperous New Year without Manufacturing?