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Wage Changes in the Pallet Industry
Wage Changes in the Pallet Industry: A new human resource survey for 2008 in the pallet industry was just completed; one question on wages is presented here.
By Ed Brindley
Date Posted: 10/1/2008
Recent industry research indicates that wages and bonuses are on the rise in the pallet industry. Industrial Reporting Inc., the publisher of the Pallet Enterprise, has conducted a nationwide survey of pallet manufacturers and recyclers. This is the latest in a series of research reports covering critical business issues.
The 2008 Human Resources Survey is ideal for managers looking to gauge their human resources practices by comparing them to industry benchmarks based on real-world data. The report covers a wide variety of issues including:
• Detailed wage and bonus breakdowns
• Health coverage, benefits and vacation policies
• Demographics of workforces
• Drug testing procedures
• I-9 and immigration compliance
• Best recruiting and retention strategies
• Impact of minimum wage increases
• Sick leave policies
• Ranking of largest workplace challenges
• Insights and general HR strategies
Because we promised those who participated in our 2008 H.R. survey that we would not publish the survey analytical report in its entirety in the Enterprise, we have chosen to provide readers only the basic wage information. Further details are available by getting a copy of the complete research report.
The 2008 H.R. survey is our third of the decade. The other surveys were conducted in 2001 and 2005. Since participating companies are not identical from one survey to another, differences in the numbers reported can include sample variations as well as actual changes in the industry. Generally, variations from year-to-year have reflected actual industry changes.
Table 1 provides the mean average wages for the last three surveys. In addition, the 2008 data is also characterized by the median and mode averages. The mean is the typical average where the wage answers are totaled and divided by the sample size. The median is the middle wage from the wages that are arrayed from lowest to highest. The mode is the wage that was most often reported.
Our complete report will include more detailed analysis of the numbers. It will also contain information on all of the 18 questions asked in the official survey. All companies that participated by submitting useable surveys will receive a complimentary copy of the entire report. Other readers can obtain their own complete copy for $100 by calling 800/805-0263.