The composite highest-income practitioner in the manufacturing field (salary plus cash bonus and/or cash profit sharing) is the president “B” of a manufacturing firm (defined as a chief executive officer who has little or no financial interest in the firm), according to an Abbott, Langer & Associates Inc survey. The firm manufactures chemical and allied products, food/beverage/tobacco products, primary metal products, or heating/air-conditioning/refrigeration products, or is a publishing firm. It has anywhere from 250-499 to 10,000-24,999 employees; has a total annual revenue of $50,000,000 or more; and is headquartered in or near Los Angeles/Long Beach CA, Chicago IL, Houston TX, Cleveland OH, Dallas/Fort Worth TX, Dayton OH, New York City, or Boston MA, or outside the metropolitan areas studied in Pennsylvania, Texas, or Georgia.
While the median president “B” has a total annual income of $181,500, the highest-income individuals reported in this group make well over $2,000,000.
At the other end of the spectrum, production laborers have a median income of $24,800. Earning as low as $13,440, the lowest-paid employees in this group usually are employed by firms that manufacture apparel/textile products, furniture/wood products, machinery/heavy equipment, food/beverage/tobacco products, or aerospace/aircraft products. These firms have less than $10 million in total annual revenue; fewer than 100 employees. They are headquartered in or near New Orleans LA, Minneapolis/St Paul MN, Orlando FL, Portland OR, or San Antonio TX, or outside the metropolitan areas studied in Illinois, Georgia, Tennessee, Pennsylvania, or South Carolina.
This composite is a summary of data provided on current salaries and cash bonuses and/or profit sharing, and demographic variables provided by 342 manufacturing firms. Results of the survey appear in Compensation in Manufacturing, 21st Annual Survey, a 747-page statistical analysis of compensation for more than 47,000 managerial, supervisory, sales, engineering, technical, clerical, and blue-collar employees in 188 benchmark jobs. The report is available for $995 from Abbott, Langer & Associates, Dept NR, 548 First St, Crete IL 60417; phone 708-672-4200; fax 708-672-4674; or access www.abbott-langer.com.