WAGE & BENEFIT SURVEY
The Chamber conducts an annual Wage & Benefit Survey for its membership each spring. The survey helps local employers gauge their compensation and benefit data against other companies in our region. 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 15 – May 31Be sure to opt-in by April 2. (Companies that participated last year will automatically be registered for the 2021 survey.)
The Huntsville/Madison County Chamber offers online access to the 2021 Wage & Benefit Survey at a discounted cost to participants. The online survey data results can be filtered and reported further. Please contact Lydia Pennington to obtain the most recent Wage & Benefit Survey Report. A few important things to note:
- The Wage & Benefit Survey administered by Horizon Point, is open for participation April 15-May 31. The final report will be available late June/early July.
- In abiding by antitrust guidelines issued by the U.S. Department of Justice and the Federal Trade Commission, a minimum of five (5) employers 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 online access to the Wage & Benefit Survey Data final report (including government contractor and manufacturing cut) for participating Chamber companies is $250. The cost for the pdf 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|
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 15, 2021. Companies must register by April 2, 2021.
Why Participate?More than 200 companies in the region participate 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 2021 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, 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 firstname.lastname@example.org.
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. Register Here.
Lydia Pennington Industry Relations Director 256-535-2083