AMBA Releases Annual Wage and Benefits Report
Now in its eighth year, the AMBA’s Wage and Benefits Report contains comprehensive analyses on 50 job classifications from mold manufacturing-related firms.
The American Mold Builders Association (AMBA) (Indianapolis, Indiana) recently released its annual AMBA Wage and Benefits Report. AMBA’s 2018 Wage and Benefits Report represents the largest compensation study focused on the U.S. mold building industry. Now in its eighth year, the AMBA’s Wage and Benefits Report contains comprehensive analyses on 50 job classifications from mold manufacturing-related firms. These moldmakers serve a variety of end-use markets.
The 2018 report gives mold building executives the ability to benchmark beginning and average wages for individual positions specific to the moldmaking industry by company size and by U.S. region. The report also includes a host of operational policies and trends, vacation packages and insurance and benefits offerings.
Participants in this year’s study included approximately 120 U.S. mold shops who reported wage and salary information on employees in current positions. This year’s study reveals an overall increase in salaries reported. Across all 50 job functions that were analyzed in this year’s study, results show a 4 percent increase in wage and salary, with large changes in salary for positions such as operators, inspectors, purchasing agents and sales managers or directors.
Overall outlook for employment also shows a positive trend. Seventy-five percent of executives responded that their company was planning to hire more employees during 2018, and only five percent indicated no intent to hire.
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