The results of the 2013 National Association of Chemical Distributors (NACD) Compensation and Benefits Survey have been released. Across all jobs surveyed, the typical average compensation amount increased approximately 10 percent compared to 2011.
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Get Your Report Now!This study, last conducted in 2011, collects data on 25 key salaried positions and 15 hourly positions. Average total compensation figures for salaried employees were up, as compared to published 2011 results, on all but two positions (sales representative and freight manager).
The highest increases in wages as compared to 2011 came from top executive level positions (CEO, top financial officer, and top sales/marketing executive). Hourly positions also saw overall growth as compared to 2011 data. The typical position saw a total increase of approximately 5 percent over the 2-year period.
"The increase in compensation since 2001 shows slight improvement in the marketplace and demonstrates solid growth since 2011," commented NACD Interim President Kurt McMillan. "NACD members provide good paying jobs and benefits on par with the industry standard, keeping them competitive in a very competitive industry."
Other noteworthy highlights include:
- Healthcare costs—Total healthcare costs as a percent of total compensation dropped from 13.1 percent in 2011 to 11.0 percent in 2013. Additionally, the percent increase in healthcare costs from the prior year was only 7.3 percent based on the 2013 results as compared to 16.9 percent which was published in 2011.
- Retirement—Nearly 95 percent of respondents offer a retirement plan to employees. Of those who do offer a plan, 94 percent offer a 401(k) plan with 80 percent of those offering 401(k) matching contributions.