Results from the 2015 Benchmark Compensation Survey are now available for the Arizona, Colorado, and Wyoming geographic areas. This survey collected base wages for 404 positions across 10 distinct job families.
The 2015 edition of the survey includes eight new Call Center and two new Retail positions. Base salaries were reported for positions in the following 10 job families: Executive/Administrative, General Support, Financial, Human Resources, Corporate Legal, Sales/Marketing/Editorial, Engineering, Scientific and Technical, Production/Production Control, Maintenance and Facilities, and Procurement/Material Handling.
In addition to the base salary, data were also collected for:
- Annual Incentive – Participants were asked to provide annual incentives for the past fiscal/calendar year. Data reported are average incentives paid and number of employees receiving an incentive.
- Target % Incentive – Participants were asked to provide targeted percentage figures for additional compensation, not earned income for the current year.
- Exemption Status – Participants were asked to identify their matched position as exempt or non-exempt.
The general information section reports data for 2015 projected pay increases, historical tracking of projected increases versus actual increases, average hiring rates, ratio of human resource employees to total employees, and HR service model.
When using survey data, it is important to know the demographics of organizations who participated in the survey. Are the organizations who reported data in the survey similar in geographic location, industry type, and employment size to your organization? Following are several charts showing the 2015 participant analysis by geographic location, industry type, and employment size.
2015 Benchmark Compensation Survey Geographic Comparison:
The chart below shows the various industry groups represented in the survey. The data include participants in all three geographic areas: Arizona, Colorado, and Wyoming.
The chart below shows the various employment sizes of organizations in the survey. The data include participants in all three geographic areas: Arizona, Colorado, and Wyoming.
Want to Know More?
Attend the annual Colorado Benchmark Compensation Survey Briefing Session! This is a FREE session featuring highlights from the 2015 Colorado Benchmark Compensation Survey. In addition, an economist from the Colorado Legislative Council will present a Colorado and national economic overview at all locations. Register today for one of the following dates:
To register call 800.884.1328, email firstname.lastname@example.org, or go online at MSEC.org
To request copies of survey, please contact the MSEC Surveys Department. Copies of these resources are available to authorized employees of MSEC members. Call 800.884.1328, email email@example.com, or go online to MSEC.org.