Report shows the turnover and compensation levels for the convenience store industry.
NACS has released its NACS State of the Industry Compensation Report of 2013 Data, the latest snapshot of compensation levels, turnover and benefits metrics for the convenience and fuel retailing industry.
More than 80 companies, representing more than 9,100 stores, provided data and responses for the latest survey, which tracks industry compensation as of Jan. 1, 2014.
The report examines annual base salaries and the dollar value of all additional compensation for 11 executive-level positions, seven operations positions and seven store-level positions, sorted by region, firm size and operating area classification (metropolitan, rural or suburban). The report also provides total projected percentage salary and benefits increases.
Data on turnover, positions by firm size and region, as well as metrics on benefits, including paid time off, percentage of employer contribution to medical and dental coverage, 401(k) and life insurance plans can also be found in the report.
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—is also explored.
“If you want to improve overall performance and leadership development within your company, you have to look at how you invest in your greatest asset: your employees. Sheetz has gained significant insights from this report over the years, which has made it easier for us to remain extremely competitive in the market for top talent—earning us a spot on Fortune’s list of the ‘100 Best Companies to Work For,’” said Joe Sheetz, CEO of Sheetz Inc. and NACS Vice Chairman of Research.
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 2013 Data (order number 40022071) is available to NACS members in PDF format for $175 ($275 regular price). Orders can be placed online at nacsonline.com/compreports or by calling NACS at (703) 684-3600.