2014 Livingston County Compensation Report

2014 Livingston County
Compensation Report &
Benefits Survey Presentation
Howell Area Chamber of Commerce
Wednesday, September 24, 2014
Overview
• Introduction
• Disclaimers
• Labor Market Information &
Strategic Initiatives (LMISI)
• Highlights of survey results &
Take-Aways
• Group discussion
(not legal advice, not a CPA, not HCOC, not insurance rep, but an HR Pro)
HOWELL AREA CHAMBER
OF COMMERCE
SEPTEMBER 2014
General Labor Market Overview and
Industry and Occupational Wage Report
Prepared by:
Michigan Department of Technology, Management and Budget
Bureau of Labor Market Information and Strategic Initiatives
About Us
• Bureau of Labor Market Information and Strategic Initiatives
(LMISI), part of the Department of Technology, Management
and Budget
• Responsible for producing and publishing the “official” labor
force statistics for the Michigan and regional areas throughout
the state
• LMISI collects, compiles, analyzes and publishes information
on employment, unemployment, industries, occupations,
wages, demographics, etc.
Area Jobless Rate Falls Steadily since End of
Recession, Remains Above 2008 Level
11.9%
12.6%
10.4%
9.1%
8.1%
6.7%
5.0%
2004
5.4%
2005
5.3%
2006
7.6%
5.6%
2007
2008
2009
2010
2011
2012
2013
2014 *

Number of unemployed down almost seven percent since 2013, and nearly half
the level it registered in 2010

About 6,900 unemployed residents in 2014 year-to-date, down from 11,300 in
2010. However, the number of unemployed remains above the 2008 level.
MDTMB, Bureau of Labor Market Information, Local Area Unemployment Statistics Program (LAUS)
* Indicates year-to-date average through July 2014
Total Private Payroll Jobs Continue to Rebound
from Recessionary Losses
45,000
43,500
42,500
40,000
36,200
35,000
30,000
25,000
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012

Total private payroll jobs had risen for three consecutive years since hitting a
recent low of 36,200 in 2009.

Much of the recent job growth is attributable to Retail Trade, Manufacturing,
Professional and Business Services, and Transportation and Warehousing.
MDTMB, Bureau of Labor Market Information, Quarterly Census of Employment & Wages (QCEW) program, Livingston County 2012
Note: 2013 job totals were available at time of publication but trends in some sectors were artificially high due to data coding issues
Resident Earnings Higher than U.S. and State,
Private Industry Wages Steady
Per Capita
Income
Median
Household
Income
Livingston County
$32,100
$70,700
Michigan - Statewide
$25,900
$48,300
Area
Average Annual Industry
Wages per Worker
$38,774 $38,916 $38,648
$37,704
$36,835
United States
$28,200
$52,300
$36,329
Following modest post-recessionary
gains, total private wages have been
largely stable since 2011.
However, the county remains below
Michigan’s $46,660 average in 2013.
2008
2009
2010
United States Census Bureau, American Community Survey, 2013 1-Yr estimates
MDTMB, Bureau of Labor Market Information, Quarterly Census of Employment & Wages (QCEW) program, Livingston County 2013
2011
2012
2013
Local Area Payroll Wages by Industry Sector,
Share of Total Private 2013
Professional and
Technical
9%
Health Care and
Social Assistance
12%
Construction
8%
Retail Trade
12%
Manufacturing
25%
Wholesale Trade
7%
Finance and
Insurance
6%
Administrative
and Waste
5%
Transportation
and
Warehousing
4%
Accommodation
and Food
4%
Other
Total private wages paid in
Livingston County totaled
over $1.7 billion in 2013.
8%
Total Wages in 2013
(in thousands)
Average Weekly
Wage in 2013
Manufacturing
Retail Trade
Health Care and Social Assistance
$ 440,230
$ 199,467
$ 184,805
$ 1,118
$ 502
$ 730
Professional and Technical Services
$175,545
$ 940
Construction
$ 135,484
$927
Industry Sector
MDTMB, Bureau of Labor Market Information, Quarterly Census of Employment & Wages (QCEW) program, Livingston County 2013
Note: Wages for some sectors have been altered from published estimates due to non-economic adjustments in the QCEW data
Notable Sectors Paying Above-Average Annual
Wages per Worker Locally, 2013
$75,108
Private wages per worker in
Livingston County averaged
$38,650 annually in 2013.
$58,151
$56,164
$54,416
$48,926
Wholesale Trade
Manufacturing
Finance and
Insurance
Transportation Professional and
and Warehousing Technical services
MDTMB, Bureau of Labor Market Information, Quarterly Census of Employment & Wages (QCEW) program, Livingston County 2013
Note: Wages for some sectors have been altered from published estimates due to non-economic adjustments in the QCEW data
$48,224
Construction
Notable Sectors Paying Below-Average Annual
Wages per Worker Locally, 2013
Private wages per worker in
Livingston County averaged
$38,650 annually in 2013.
$37,973
$28,516
$26,627
$26,140
$20,443
$13,207
Health Care and
Social Assistance
Administrative
Support and
Waste Services
Real Estate and
Rental/Leasing
Retail Trade
Other Services
MDTMB, Bureau of Labor Market Information, Quarterly Census of Employment & Wages (QCEW) program, Livingston County 2013
Note: Wages for some sectors have been altered from published estimates due to non-economic adjustments in the QCEW data
Accommodation
and Food
Livingston County New Hire Wages by Sector
Compared to Average
Annual Average
New Hire Wages 2nd
Quarter 2013
Annual Average
Overall Wages
2013
Percent
Difference
Wholesale Trade
$38,976
$75,108
93%
Transportation and Warehousing
$32,796
$54,416
66%
Health Care and Social Assistance
$24,612
$37,973
54%
Retail Trade
$18,096
$26,140
44%
Manufacturing
$41,352
$58,151
41%
Information
$41,112
$56,045
36%
Accommodation and Food Services
$10,116
$13,207
31%
Construction
$38,088
$48,224
27%
Administrative Support & Waste Services
$23,064
$28,516
24%
Arts, Entertainment, and Recreation
$14,580
$18,105
24%
Finance and Insurance
$48,420
$56,164
16%
Professional, Scientific & Technical Services
$44,508
$48,926
10%
Industry
Source: U.S. Census Bureau, Local Employment Dynamics
MDTMB, Bureau of Labor Market Information, Quarterly Census of Employment & Wages (QCEW) program, Livingston County 2013
Note: Wages for some sectors have been altered from published estimates due to non-economic adjustments in the QCEW data
Wage Differences by Gender
Remain Apparent in Livingston County
$60,000
$50,000
Females
Males
$52,728
$40,000
$31,800
$31,092
$30,000
$20,000
$20,052
$10,000
$0
New Hires (2rd Q 2013)
Source: U.S. Census Bureau, Local Employment Dynamics
Total Private (2nd Q 2013)
Other Wage Characteristics
of the Region
Average Hourly Pay, 2010*
Time
Incentive
Full-time workers are
making almost twice the
hourly wage as part timers,
while working twice as
many weekly hours.

Workers who earn based
on incentive pay make 43
percent more per hour,
while working the same
number of hours per week,
on average.
$25.69
Full Time
Part
Time

$13.76
$23.25
$33.35
Source: Bureau of Labor Statistics, National Compensation Survey , March 2010, Detroit CMSA (includes Livingston County)
* Data from this survey has yet to be updated since the 2012 Livingston County report, but is included here as a point of reference due to the
unavailability of similar wage measures in other BLS data sources.
Other Wage Characteristics
of the Region (Continued)
Average Hourly Pay by
Union Classification
Average Hourly Pay by
Business Size
$27.99
$22.39
Union
Non-Union
$19.30
99 Workers or
Less
$31.78
$21.16
100 to 499
Workers
500 Workers or
More
• Union workers earned 25 percent more per hour than non-union workers
locally while averaging 3 more hours worked per week.
• Small businesses paid workers on par with medium-sized firms, though
large companies paid employees over $10 more per hour, on average.
Source: Bureau of Labor Statistics, National Compensation Survey , March 2010, Detroit CMSA (includes Livingston County)
* Data from this survey has yet to be updated since the 2012 Livingston County report, but is included here as a point of reference due to the
unavailability of similar wage measures in other BLS data sources.
Median Hourly Wages for Selected Occupations
in the Area, 2013
Median Hourly Wage
Mechanical Engineers
$43.26
Registered Nurses
$33.33
Accountants and Auditors
$31.06
Wholesale Sales Reps
$26.30
Computer Support Specialists
$20.66
Machinists
$19.42
Heavy Truck Drivers
$19.00
Bookkeeping and Accounting Clerks
$17.54
Customer Service Reps
$14.65
Team Assemblers
$14.87
Retail Salespersons
$10.13
Source: MDTMB, Bureau of Labor Market Information, Occupational Employment Statistics (OES) program, May 2013
The median wage for all
occupations in the region
was $17.38 in 2013,
unchanged from 2012.
Entry-Level and Top Pay Ranges
for Selected Occupations, 2013
Professional and Healthcare
Median
Wage
Entry-Level
Wage
(Lower Bound)
Entry-Level
Wage
(Upper Bound)
Top-Level
Wage
(Lower Bound)
Top-Level
Wage
(Upper Bound)
Accountants and Auditors
$31.06
$19.19
$23.51
$39.94
$52.96
Computer Support Specialists
$20.66
$12.97
$16.32
$27.11
$35.12
Mechanical Engineers
$43.26
$29.71
$36.29
$52.01
$58.15
Registered Nurses
$33.33
$24.80
$29.23
$38.16
$44.54
Median
Wage
Entry-Level
Wage
(Lower Bound)
Entry-Level
Wage
(Upper Bound)
Top-Level
Wage
(Lower Bound)
Top-Level
Wage
(Upper Bound)
Retail Salespersons
$10.13
$8.03
$8.69
$13.27
$19.16
Wholesale Sales Reps
$26.30
$12.22
$18.06
$39.05
$56.46
Retail Supervisors
$18.11
$11.35
$14.08
$23.99
$31.62
Occupation
Sales and Related
Occupation
Source: MDTMB, Bureau of Labor Market Information, Occupational Employment Statistics (OES) program, May 2013
Entry-Level and Top Pay Ranges
for Selected Occupations, 2013
Office and Administrative
Occupation
Median
Wage
Entry-Level
Wage
(Lower Bound)
Entry-Level
Wage
(Upper Bound)
Top-Level
Wage
(Lower Bound)
Top-Level
Wage
(Upper Bound)
Bookkeeping /Accounting Clerks
$17.54
$10.70
$13.96
$21.65
$26.46
Customer Service Reps
$14.65
$9.07
$11.29
$18.64
$23.57
Receptionists/Information Clerks
$12.66
$8.71
$10.23
$15.31
$18.42
Median
Wage
Entry-Level
Wage
(Lower Bound)
Entry-Level
Wage
(Upper Bound)
Top-Level
Wage
(Lower Bound)
Top-Level
Wage
(Upper Bound)
Team Assemblers
$14.87
$8.98
$10.67
$18.62
$26.59
Machinists
$19.42
$11.56
$15.14
$25.34
$31.48
Heavy Truck Drivers
$19.00
$12.91
$15.45
$22.07
$25.95
Production and Transportation
Occupation
Source: MDTMB, Bureau of Labor Market Information, Occupational Employment Statistics (OES) program, May 2013
For more information, visit our website at:
http://www.milmi.org
or call our main office at:
(313) 456-3090
CONTACT US
Michigan Department of Technology, Management and Budget
Bureau of Labor Market Information and Strategic Initiatives
2014 Livingston County
Compensation Report &
Benefits Survey Presentation
Howell Chamber of Commerce
Wednesday, September 24, 2014
65 Total Survey Participants in 2014
• Employers and Employees more focused on career path and
professional development than ever before
Now (still) Hiring!
Last 12 Months
65%
Expanded Employee Count
Last 12 Months
31%
No Change
4%
Reduced
0%
10%
20%
30%
40%
50%
60%
70%
• In 2012, less than 45% planned to increase head count
• Since 2009, there’s been a 65% increase in the time it takes
to fill a job!
Employers View of Important
Retention Factors
Compensation (salary/pay)
Benefits
Work/Life balance
Company Culture
Training & Development
Other
Responses
32
21
19
18
6
3
Response %
59%
39%
35%
33%
11%
6%
• Average EE contribution single coverage is 18% ; $90/month or
$1085/annually (LivCo average EE contribution is slightly higher)
• Average EE contribution for family coverage is 28%; $402/month or
$4,823/month (as a %, LivCo EE contributions are higher)
Benefit Changes in 2014
Benefit Plan Changes in 2014
Increased Deductibles
10
Increased EE premium contribution
18
Decreased medical plan options
6
Eliminated medical coverage completely
1
Eliminated dental or vision coverage
1
Increased medical plan options
11
None
27
Other
8
0
5
10
15
20
25
30
Increased EE Contributions
Key Benefit Related Statistics
•
•
•
•
•
•
•
•
Avg Deductible in 2014 = $1,217 ($584 in 2006)
Enhancements to PTO plans
Health Reform Projections
Creative funding strategies
Low cost but high impact plans
Education and engagement
Financial wellness
Benefit Committees
Ideas Worth Sharing?
•
•
•
•
•
•
•
•
Wellness Programs
Enhancements to PTO plans
Part-Time Benefits and utilization of P/T folks
Domestic Partner Benefits (9 or 14%)
Expanded Maternity Leave?
Formal Paternity Plan/Benefit?
Change in approach to medical marijuana
Other?
Resources
•
•
•
•
•
www.kff.org
www.payscale.com
www.monster.com
www.careerbuilder.com
ww.metlife.com/business/insightsand-tools/index.html
• www.shrm.org
• www.mercer.us
• www.worldatwork.org
Questions or Comments?
Thank you!
Steve Williams
www.ectohr.com
810.534.0170 office
[email protected]