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 2020 Wage & Benefit Survey Period: April 15 – May 31Be sure to opt-in by April 10. (Companies that participated last year will automatically be registered for the 2020 survey.)
The Huntsville/Madison County Chamber offers an electronic copy of the 2020 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 2020 Wage & Benefit Survey Report.
A few important things to note:
- The Wage Survey, administered by Horizon Point, is open for participation April 15-May 31. 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 2020 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 firstname.lastname@example.org 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.
Lawrence, Limestone, Madison, and Morgan Counties
Horizon Point Consulting is partnering with the 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 2020 Wage and Benefit Survey is currently scheduled to launch on April 15, 2020. Companies must register by April 10, 2020.
In 2019, over 200 companies in the region participated in the survey. By participating, each company received 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. Identifying company information will be protected and will not be visible to other participants.
The 2020 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
To help participants prepare data, a complete list of questions will be available as a Microsoft Excel Workbook.
This year, the survey will be hosted on the Sensible Surveys platform, to 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.
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 the survey should be directed to email@example.com.
How Do I Participate?
Please email Lydia Pennington to participate. The primary user for your company will receive an email from SensibleSurveys to log in and set up their account.
If you have already registered above for the interest webinar, you do not need to register again.
Lydia Pennington Industry Relations Director 256-535-2083