“Data from the NACS State of the Industry Compensation Survey of 2011 Data increases human resource’s strategic value to your business,” says NACS spokesperson.
NACS has released its NACS State of the Industry Compensation Report of 2011 Industry Data, the latest snapshot of compensation levels, turnover and benefits metrics for the convenience and fuel retailing industry.
More than 130 companies, representing 11,000-plus stores, provided data and responses for the latest survey, which tracks industry compensation as of Nov. 30, 2011.
The 79-page report examines annual base salaries and the dollar value of all additional compensation for 12 executive-level positions, seven operations positions and seven store-level positions, sorted by region, firm size and operating area classification (metropolitan, rural or suburban). New in 2012, the report also provides total projected percentage salary and benefits increases.
The report also provides data on turnover, examining nine positions by firm size and region, as well as metrics on benefits, including paid time off, total employee healthcare costs, percentage of employer contribution to medical, medical and dental coverage, 401(k) plans, life insurance and pension plans. A new section also looks at the cost of medical plans, examining employee cost sharing and average annual premium contributions for both individual and family plans by firm size and region.
“Strengthening top and bottom line performance and leadership development within a retail operation begins with managerial pay and how a company invests in its talent. Data from the NACS State of the Industry Compensation Survey of 2011 Data increases human resource’s strategic value to your business by providing up-to-date and accurate information for human capital decision-making and refining your priorities for workforce investments,” said NACS Vice President of Research Dae Kim.
NACS has compiled and presented compensation data for the industry since the release of its first compensation report in 1978.
The NACS State of the Industry Compensation Report of 2011 Industry Data (order number 40070018) is available to NACS members for $175 ($275 regular price). Orders can be placed online at nacsonline.com/products (click on “shop”) or by calling NACS Customer Service at (703) 518-4219.