News

2014 Wage and Benefit Survey

Posted on Dec 19, 2014

The EDC has released an updated wage and benefit report. Twenty-one companies participated in the report and represent a total of 2,166 employees. Of the twenty-one participating companies, 15 of them indicated that they have, or will be, increasing employment within the next year.

“The local economy is continuing to grow and this report helps quantify that,” said Allan Peterson, Business Development Manager for the Grant County EDC. “New businesses that bring new jobs to the area get a lot of media attention but this report shows that for this past year and the coming year our existing businesses are adding more than 300 jobs.”

In addition to information about job growth, the report also contains a summary of how employers rate the local workforce. For the companies that participated in the report:

  • 67% rated the trainability of the workforce as “Good” or “Excellent”
  • 72% rated employee attitude as “Good” or “Excellent”
  • 85% rated employee productivity as “Good” or “Excellent”

Companies were also asked about the quality of life in the community, the business climate, and their perception of the schools:

  • 72% rated the quality of life as “Good” or “Excellent”
  • 76 % rated the area business climate as “Good” or “Excellent”
  • 85% rated community colleges as “Good”

Companies gave the lowest ratings to area transportation, employee job readiness, and the availability of skilled labor:

  • 68% rated area transportation as “Fair” or “Poor”
  • 70 % rated employee job readiness as “Fair” or “Poor”
  • 81% rated the availability of skilled labor as  “Fair” or “Poor”

The report also details wage and benefits for over 125 job positions for hourly and salaried workers. “This is easily the most requested report that we make available,” said Peterson. “Local companies utilize this data to gauge the marketplace, and help them make decisions about compensation and benefits.”

Information from the companies that participated in the report is held in confidence. The Pathfinders consulting group out of Dallas, Texas, was the only organization that saw any of the raw data and they used it to compile the finished report. To read the complete report go to http://www.grantedc.com/about/news/economic-reports.