Wage and Benefit Survey 2019 Executive Summery

Post: Dec. 5, 2019

Twenty-three companies reported data to the 2019 Wage and Benefit Survey conducted by Marist College’s Bureau of Economic Research and School of Management, and, sponsored by the Council of Industry of Southeastern New York and Ethan Allen Workforce Solutions. Highlights of information collected include the following points:

• In 2019, 12 companies reported wage increases that averaged 2.9% for the management group, 10 companies reported wage increases that averaged 3.0% for the professional group, 12 companies reported wage increases that averaged 3.1% for the administrative/clerical group, 11 reported wage increases that averaged 2.9% for the technical group, 14 companies reported increases averaging 3.1% for the manufacturing/production group, and 11 companies reported increases averaging 3.1% for the sales group. These were in line with the pay increases observed nationally which came in at 3.2%.
• For 2020, companies reporting planned increases of 3.2% for the management group, 3.0% for the professional group, 2.9% for the administrative/clerical group, 2.9% for the technical group, and 3.1% for the manufacturing/production group and 3.1% for the sales group. Nationally, pay increases for 2018 are projected to be 3.2% to 3.3%.

Sixty-five percent of the participating companies report that they plan on adding employees in 2020 compared to seventy-two percent reporting planned increases in last year’s survey. No survey respondents indicated they had any plans of reducing their workforce in 2020.