The Benchmark Compensation Surveys are Now Available!
Employers Council’s 2020 Benchmark Compensation Survey collected base wages for 438 positions across ten distinct job families. Each job includes the individual state breakouts of the data and an overall Total Responses data line. There are two versions of the Benchmark Compensation Survey. One report is for Arizona, Colorado and Wyoming participants. We also have a separate Utah Benchmark Compensation Survey that includes data exclusively from Utah employers.
In addition to the base salary, data for the 428 positions were also collected for:
- Annual Incentive – Participants were asked to provide annual incentives for the past fiscal/calendar year. Data reported are average incentives paid and number of employees receiving an incentive.
- Target % Incentive – Participants were asked to provide targeted percentage figures for additional compensation, not earned income for the current year.
- Exemption Status – Participants were asked to identify the FLSA classification of their matched position.
New to the survey this year are several level of sales positions and two levels of meetings managers (refer to the Survey Introduction for a complete list of changes to this year’s survey).
The general information section reports data for 2019 pay increases, and 2020 and 2021 projected pay increases, historical tracking of projected increases versus actual increases, average hiring rates, ratio of human resource employees to total employees, and HR service model.
2020 Benchmark Compensation Survey Geographic Comparison
When using survey data it is important to know the demographics of organizations who participated in the survey. Are the organizations who reported data in the survey similar in geographic location, industry type, and employment size to your organization? Following are several charts showing the 2020 participant analysis by geographic location, industry type, and employment size for all four states: Arizona, Colorado, Utah, and Wyoming.
The charts below shows the various industry groups and employment sizes of employers who submitted data. These data include participants in all four geographic areas: Arizona, Colorado, Utah, and Wyoming. See the published surveys for individual state breakouts.
Want to Know More?
The entire survey for both the Benchmark Compensation Survey: AZ, CO & WY and Utah Benchmark Compensation Survey are available on the Survey Results page of the website at www.employerscouncil.org. To request a paper copy of one of these surveys, please contact the Employers Council Surveys Department at email@example.com.