Exclusive 2003 Plant Engineering Salary Survey
After losing ground in 2002, compensation levels for plant engineers have rebounded from an overall average of $74,560 to $76,922 (a little over 3%), according to results from the latest survey conducted for Plant Engineering.
After losing ground in 2002, compensation levels for plant engineers have rebounded — from an overall average of $74,560 to $76,922 (a little over 3%) — according to results from the latest survey conducted for Plant Engineering. Salaries had actually dropped from 2001 to 2002, but the latest figures surpass even the 2001 levels in most of the categories studied.
In a year when the industrial economy was dismal, it's a little surprising to see this kind of income growth. The higher compensation levels could be indicators of increased responsibilities for those who survived the many layoffs of 2002-03.
While surveys of this type do not identify the specific factors that influence pay scales, it appears that, in general, size does make a difference. As plant size, maintenance budget, and workers supervised increase, so do pay levels. Of course, education, age, and years of experience are also major factors, as indicated by the data presented here.
The survey was conducted in November among readers of PLANT ENGINEERING by Abbott, Langer & Associates and represents 1415 usable responses.
Data in the accompanying graphs represent average total compensation, including annual salary and cash bonuses/profit sharing.
The 2003 salary survey was conducted for Plant Engineering by Abbott, Langer & Associates, specialists in compensation studies. A complete tabulation of results, including breakdowns by geographic regions, metropolitan areas, types of industry, levels of responsibility, budgets, personnel managed/supervised, and many other factors is available from Abbott, Langer. To order Compensation of Plant/Facilities Maintenance/Engineering Managers & Engineers, 7th Edition , contact: Abbott, Langer & Associates, Dept PLE, 548 First St, Crete, IL 60417; Phone: 708-672-4200, Fax: 708-672-4674, Web: abbott-langer.com
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey