Just Released and Twice Its Size – Results of 2015 NC Wage & Salary Survey

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sherry for newes.jpgMany of you have heard the news – results of the 2015 NC Wage & Salary Survey are now available – and the report is packing a punch. This year’s statewide survey brought in nearly 850 unique organizations. With co-sponsorship from sister associations The Employers Association (TEA) in Charlotte and Western Carolina Industries (WCI) in Asheville, we have hit a new high in both interest and market representativeness. Participating members are now enjoying their access to the full PDF report, all data in Excel and will shortly be customizing data requests on their own using our Compensation On Demand Analytics (CODA) system.

 

You also read the title right. This year’s report literally doubled in size. Wait. What?

 

New for this year, the CAI Survey Team took job data to whole new level. How many of you have said at some point while using this survey: You know, it would really help me to see a graph or some kind of visual so I can better understand what is happening with this job. We imagine many of you, including my own manager. Sure, the job data table that we have come to learn and love is still our go-to for what is happening by various breakouts and descriptive measures. But, why not put a visual spin on the data overall, for ALL 430 jobs? Graphically show how the data falls out regarding central tendency, percentiles, range data, bonus paid and 5 year trend. You got it. It’s in there. This year. (Why not join the CAI Surveys Group for a peek at this new visual value-add “Summary Level Graphics”?)

 

These Summary Level Graphics are made possible by the nearly 850 employers across North Carolina who participated and thoroughly job matched. Let’s take a closer look at who these employers are and what they had to say at the facility level:

 

  • 846 unique organizations participated representing 879 facilities and over 123,000 employees
  • 32% of facilities are located in Research Triangle Region, 26% in Greater Charlotte Region, 16% in Piedmont Triad Region, 15% in Western Region and 11% in Eastern/Southeastern NC 
  • 73% are small to mid-size with less than 200 EEs; 27% have more than 200 EEs
  • Average 2015 base pay increases and 2016 projections are the same overall: 2.6% (incl 0), 3.1% (excl 0)
  • 63% of facilities have a formal salary structure, 54% adjust their salary range structure every 12 months
  • The average percent increase to salary range structure for 2014 is 2.3%, planned increase for 2015 is 2.2%
  • 57% of facilities say they ‘pay at market rate,’ 11% say they ‘pay above market rate’
  • 44% of facilities say they focus on base pay only, 16% say they focus on total rewards
  • 47% of facilities allocate a larger portion of salary increase budget to high performers

 

Now that’s perspective. Plus, did you know we spotlight salary trend patterns in the NC Wage & Salary Survey report? Looking at weighted average salaries, several Accounting jobs and Healthcare jobs are on the rise, while some Human Resources jobs and Production jobs are trending flat. Yes, an entire section in the report is dedicated to 5 year salary trends.

 

Didn’t participate this year but wished you had? Nonparticipating members are welcome to visit our online store and purchase this year’s report (PDF and Excel, no CODA). We know you will like what you see. But ask yourself, as a member, are you really exercising your member benefit by purchasing? I challenge you to join us and participate in 2016, AND receive CODA access. The CAI Survey Team is ready to help you help us. Together, we make the NC Wage & Salary Survey the top local resource for wage and salary data. Connect with the CAI Survey Team today.

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