WAGE & BENEFIT SURVEY
The Chamber conducts an annual Wage & Benefit Survey for its membership each spring. The survey helps local organizations gauge their compensation against other companies in our region. In even years, the survey also includes benefit data for the same benchmarking comparisons. The survey data is valuable to companies to use as a pricing tool for bidding contracts, and, most importantly, as a human resources guide for benchmarking wage and benefit rates.
The 2021 Wage & Benefit Survey Period: April 14 – xxxxxBe sure to opt-in by April 2. (Companies that participated last year will automatically be registered for the 2020 survey.)
Wage Survey Webinar for first-time participants:March 31, 2021, 8-9 a.m.
This webinar is for first-time participants and provides an overview of the survey, how to prepare, and more.
Wage Survey Updates for Returning Participants:March 31, 2021, 9-9:30 a.m.
This webinar is for returning participants and will cover important updates about this year's survey.
The Huntsville/Madison County Chamber offers an electronic copy of the 2021 Wage & Benefit Survey at a discounted cost to participants. Survey data results are available through the Huntsville/Madison County Chamber. Please contact Lydia Pennington to obtain the 2021 Wage & Benefit Survey Report. A few important things to note:
- The Wage Survey, administered by Horizon Point, is open for participation April 14-xxxxx. The final report will be available in July.
- In abiding by antitrust guidelines issued by the U.S. Department of Justice and the Federal Trade Commission, a minimum of five (5) organizations are required to respond for each data point in order for the results to be published.
- The privacy of your compensation and benefit information remains of paramount importance to the Chamber and Horizon Point. The 2021 Wage & Benefit Survey abides by the antitrust guidelines issued by the U.S. Department of Justice and the Federal Trade Commission, therefore, data will be reported in compliance with all federal regulations and in a way that ensures privacy for your company.
- To participate, please email Lydia Pennington.
The cost to obtain an electronic copy of the Wage & Benefit Survey Data final report (including government contractor and manufacturing cut) for participating Chamber companies is $250. The cost for the electronic copy is $550 for non-participant Chamber members. Contact Lydia Pennington at email@example.com to obtain a copy of the report.
|Wage Survey Data (includes pdf, government contractor cut)||$250||$550|
The Huntsville/Madison County Chamber aims to provide you with relevant information you can use to manage your organization. We greatly appreciate the effort by each organization to provide timely and accurate information. We welcome your suggestions on how we can continue to improve the survey to meet your organizations' needs.
As a thank you for your participation, individuals who complete the survey will be entered into a drawing for prizes.
Cullman, Lawrence, Limestone, Madison, and Morgan CountiesHorizon Point Consulting is partnering with the Cullman Economic Development Agency, Lawrence County Industrial Development Board, Limestone County Economic Development Association, Huntsville-Madison County Chamber, Morgan County Economic Development Association, and North Alabama Society for Human Resource Management to collect and report wage and benefit data for industries in the region. The 2021 Wage and Benefit Survey is currently scheduled to launch on April 14, 2021. Information about participant registration is provided below.
Why Participate?Over 200 companies in the region participate in this survey. By participating, each company receives a comprehensive report of wage data across industries in the region. This report helps companies make informed, strategic decisions about compensation and benefits for Executive, Management, Production, Administrative, and other occupational groups in order to remain competitive and retain top talent.
What Information Will We Be Asked to Provide?You will be asked to provide demographic information, company and HR data, general pay practices, and compensation data by job title. The data being requested is for the last quarter of 2020, or as of 01/01/2021. Identifying company information will be protected and will not be visible to other participants. The survey will also have questions about benefits. Categories include, but are not limited to:
- Medical, Dental, and Vision Coverage
- Life Insurance
- Retirement Plans
- PTO/Leave Policies
Survey AdministrationThe survey will be hosted on the Sensible Surveys platform and will be administered by the Horizon Point team. Sensible Surveys is user-friendly and intuitive, allows users to save progress and return later, and produces interactive, exportable reports for users once the survey results have been compiled. A user guide for the platform can be downloaded here: UPDATED USER GUIDE COMING SOON. Each company will have one Sensible Surveys account tied to the email address of the primary user. If needed, the primary user can share login credentials with colleagues to enter data under the same unique user account. This protects user and company privacy by having a singular access point. Questions about completing the survey should be directed to firstname.lastname@example.org. Questions about costs/billing should be directed to your county representative:
- Cullman Count email@example.com
- Lawrence County firstname.lastname@example.org
- Limestone County email@example.com
- Madison County firstname.lastname@example.org
- Morgan County email@example.com
How Do I Participate?
Registration is open March 15 through April 2. New participants can register HERE *.The primary user for each company will receive an email from Sensible Surveys to log in and set up their account when the survey launches on April 14, 2021. * This registration form is for new participants only. If you participated in 2020, you are already registered.
Lydia Pennington Industry Relations Director 256-535-2083