woodworkingnetwork.com | December 2018 | 48 |
Shop rates, compensation
The largest segment in the survey ( 39. 5 percent) reports shop
rates in the $51 to $75 range. About 22. 6 percent report shop
rates in the $76 to $100 range. Some 11 percent reported
shop rates between $101 and $125, while a little over 5 percent
reported shop rates higher than that. On the low end of the
scale, only 13 percent reported shop rates in the $26 to $50
range, and less than 9 percent listed rates of $25 or less.
The survey has extensive information about compensation for different employee categories and job titles. Here are
a few highlights (full details are available from the Cabinet
Makers Association at cabinetmakers.org). Each job title and
pay amount listed here represents the largest reporting segment; other reports were higher and lower.
✚ Cabinetmaker, < 5 years experience, $11-$15 per hour.
✚ Cabinetmaker, 5-10 years, $16-$20.
✚ Cabinetmaker, 10+ years, $21-$25.
✚ Finisher, < 5 years, $11-$15.
✚ Finisher, 5-10 years, $16-$20.
✚ Finisher, 10+ years, $21-$25.
✚ Foreman, < 5 years, $21-$25.
✚ Foreman, 5-10 years, $26-$40.
✚ Foreman, 10+ years, $26-$40.
✚ General manager, < 5 years, $21-$25.
✚ General manager, 5-10 years, $21-$25
✚ General manager, 10+ years, $41+
Respondents also answered questions about their own compensation. Most ( 72 percent) reported their compensation
is made up of a fixed or variable salary. About 40 percent
reported receiving an owner’s draw from the business. More
than 28 percent reported receiving dividend or profit distributions, and 14. 7 percent reported receiving rental income
from the business. More than 12 percent reported receiving
bonus or commission earnings.
Of those receiving a salary, the biggest segment ( 27. 5
percent) reported receiving a range of $4,000 to $5,999 per
month. About 25 percent reported receiving $2,501 to $3,999
per month. Some 14 percent reported receiving a salary of
less than $2,500 per month. On the higher end, 15 percent
reported a monthly salary of $6,000 to $7,999, and 7 per-
cent reported a salary of $8,000 to $9,999. Some 6. 4 percent
reported a salary of $10,000 to $14,900, and 5. 2 percent
reported salaries higher than that.
Total annual earnings, including salary, bonus, and
profit, were wide ranging. More than a third of respondents
reported six-figure annual earnings, but the largest reporting segment ( 27. 5 percent) said their annual compensation
is between $30,000 and $59,999. About 24 percent reported
annual compensation between $60,000 and $89,999. About
14 percent reported annual compensation between $90,000
and $119,999. About 10 percent reported compensation at
$120,000 to $178,999, and fully 15 percent reported compensation of more than $180,000 per year.
Finding, training, retaining and retraining qualified, motivated employees was cited as the single biggest challenge by
the largest segment of respondents in the survey. Some 85
percent said finding qualified people is their biggest training
challenge, although 35 percent listed employee motivation
as a challenge. Nearly 28 percent said competition with other
industries affects the pool of available help.
But even though a huge majority of shops express frustration
at finding good help, a similar large majority are not using local
technical schools as a source of workers. Only 23 percent say they
rely on local technical schools to find the employees they need. ✚
How has CNC
We have added significant
manufacturing capacity: 72.17%
We have added a little
more capacity: 21.74%
We have about the same capacity
as before CNC: 1.74%
We have not yet learned how to harness
CNC to increase capacity: 0.00%
We have some excess
capacity but don’t have
the jobs or customers to
use it: 6.09%