MTI’s 2024 Wage and Benefit Survey Data Submission Now Open
Over the last 4 years, labor management has been a true challenge with inflation and rising wages. Most MTI Members state labor and wage management is one of their toughest challenges. With wage rates all over the place and rising, it is important that you know how competitive you are in the marketplace in the areas of wages and benefits.
MTI’s Annual Wage and Benefit survey provides you the inside information to know what the benchmarks are for all the key salary and hourly positions in your plant.
MTI's Benchmarking Committee is pleased to announce the 2024 Wage and Benefit Survey as one of MTI's most valuable benefits.
MTI’s Wage and Benefit Survey provides critical information unmatched by any other source. This survey allows you to compare yourself to your competition both nationally, and in your local region on:
- 19 hourly-wage positions
- 16 salaried management and executive positions
- Company benefit structure
With labor continuing to be the largest cost on your income statement, this report is Members’ #1 resource for wage and benefit data for the purpose of helping you manage your labor costs. With employee recruitment and retention being any company's largest and most important challenge today, this report is also used to ensure that you are competitive on wage/salary rates and benefits being offered.
This is a useful tool in the employee evaluation process, giving raises, determining benefits, or creating new positions.
Data is secure and confidential with the study being administered by a third-party firm, Bellanfant Advisors, Inc.
SPECIAL NOTE: The only way to see the results of the survey is to provide your company’s data for the survey. The results of the study are never sold, and only those who submit their data will have access to the final results.
Don’t manage your labor in the dark. Submit your data and access the information you need to maximize your success with wage management, employee retention, and recruitment strategies.
Full details on the 2024 Wage & Benefit Survey, including the Occupational Class Definitions and Data Submission Form: CLICK HERE
All data forms need to be submitted by August 31, 2024 to be included in the report and receive your complimentary copy.
If you have any questions about the survey, feel free to contact Kristen Speer at kristen@heattreat.net.