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News from WECC Members

27 January 2016

IPC Electronics Assembly Industry Wage Rate and Salary Study Shows Slight Upturn in Salary Increases for 2016

 

IPC’s recently published biennial wage and salary study for the electronics assembly industry shows a nominal upturn in salary increases from 2015 to 2016. Reporting on data from 162 U.S. and Canadian EMS and OEM facilities, IPC’s 2015 Wage Rate & Salary Study for the North American Electronics Assembly Industry is a valuable tool for electronics assembly companies to gauge the competitiveness of their compensation, benefits and policies in competing for the best talent in the industry.

The study’s findings show that in 2015, participating companies’ organizational wage and salary budgets increased at an average rate of 2.5 percent for hourly employees and 2.0 percent for salaried and management employees. Their projected increases for 2016 are just slightly above last year’s increases.

Results of the survey presents averages, average ranges, and percentile data on 2015 hourly wages, annual salaries and sales compensation in the United States and Canada. Data on 31 positions are segmented by industry segment, region and company size. Salary budget growth in 2015 and estimates for 2016 are included. Sales compensation data covers base salaries, commissions, bonuses and total compensation, as well as compensation of independent manufacturers’ representatives. Data on current HR policies cover hiring, performance appraisal, shifts, paid leave, team activities and other topics. Coverage of employee benefits includes several types of retirement plans, profit-sharing, stock ownership, various types of health insurance plans, life insurance, coverage of dependents, company contributions to insurance premiums, and tuition assistance.

Benefit costs in 2015 averaged 19.4 percent of total wages. Most of the companies that participated in the survey provide retirement benefits to their employees. In 2015, 401k plans were offered by 70 percent of those companies. The study also shows that reporting companies pay more than half of their employees’ medical insurance premiums, on average. In addition, more than half of the reporting companies offer employees paid leave in the form of personal time off (PTO) plans.

The report on the complete findings from the study is available from IPC for $450 (IPC member price) or $900 (non-member price). For more information or to purchase the report, visit www.ipc.org/WageSalary2015.

For more information about IPC’s industry compensation studies or to participate in future studies, contact Sharon Starr, IPC director of market research, at +1 847-597-2817 or SharonStarr@ipc.org.

 

Meet the Forward Thinkers of Today at IPC APEX EXPO 2016 Free Networking Events

IPC APEX EXPO 2016 attendees can meet with electronics industry innovators and connect with peers in one place at one time at the Las Vegas Convention Center, March 13–17.

From the exhibit floor to the classroom and everywhere in between, including the International Reception, (by invitation); First-Timers’ Welcome Meeting; show floor reception; Women in Electronics Networking Reception; Annual Town Hall Meeting, awards luncheons, and more, attendees can connect and collaborate.

Among the highly anticipated special events is a free opening keynote by inventor and entrepreneur, Dean Kamen. On Tuesday, March 15, Kamen will present, “Inventions and Innovations,” detailing ways to use technology to solve problems that improve life, while honouring the human spirit.

On Wednesday, March 16, Peter Singer, strategist and senior fellow at the New America Foundation, will show how science fiction is fast becoming a reality on the battlefield, changing not just how wars are fought, but also the politics, economics, laws and ethics that surround war itself during his presentation, “Inside the Rise of Warbots.”

In addition, tackling the hot topics that have the electronics industry buzzing, seven free BUZZ sessions will be offered. The industry’s top technical experts on subjects ranging from conformal coating and high reliability lead-free solder alloys to U.S. advanced manufacturing and a market outlook for the global electronics supply chain will provide insights into timely issues surrounding each of these BUZZ-worthy topics.

“The special events at the show add tremendous value for attendees,” says Alicia Balonek, IPC senior director of trade shows and events. “Most of the events are free with advance registration — whether you register in advance for complimentary exhibit hall admission or sign up for our most comprehensive educational package, the All-Access Package. No other event provides the diversity of programs, education and unrivaled networking opportunities that IPC APEX EXPO delivers.”

Many of the special events as well as access to the exhibit hall are free to those who register in advance, a savings of $35 on-site.

Attendees who register by January 29, will save 20 percent off registration fees. In addition, attendees who register for the All-Access Package will receive a significant percentage off a la carte options.

Details, including dates and times, are available at www.IPCAPEXEXPO.org.

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