The National Truck Equipment Association says hiring and keeping good employees may be one of the biggest challenges facing businesses today, but is essential to company profitability.
Employee compensation plays a large part in this issue. How does a firm's compensation package stack up? Is it offering competitive wages and benefits? To help companies evaluate their situation, the NTEA is sponsoring the 2005 Manufacturer Employee Compensation Survey, mailed to manufacturer members earlier this month.
Results of this important benchmarking tool provide an analysis for pay scales within the truck equipment manufacturing industry as well as an analysis of employee benefits and sales information. This data will benefit executives that must prove their compensation is "reasonable" within the constraints of the Internal Revenue Code.
To guarantee complete confidentiality of a company's data, all responses are sent to and compiled by Boulder, CO-based Profit Planning Group, an outside organization specializing in survey research. Only the aggregate results of the survey will be released. Final results will be sent to NTEA members, and the NTEA will invoice the $30 participation fee.
The survey questionnaire must be returned to Profit Planning Group no later than Feb. 15, 2005. For more information, please contact NTEA Communications Manager Laura Heidrich at 1-800-441-NTEA, ext. 116, or e-mail [email protected]