National Truck Equipment Association Releases Manufacturer Compensation Report
FARMINGTON HILLS, MI — The typical truck equipment manufacturer has $12 million in annual sales and 85 employees, according to the recently released 2005 National Truck Equipment Association (NTEA) Manufacturer Employee Compensation and Benefits Report.The Report provides detailed analyses of executive and employee compensation, including base salary, commission or bonus, and benefit levels. Data is presented for the typical NTEA manufacturer member and by company sales volume category. Among the findings, 26 percent of survey respondents indicated that their organizations offer cash at year-end, and 61 percent provide educational assistance.Truck equipment manufacturers can use the report to gauge the competitiveness of their compensation packages. The information also helps companies prove their compensation packages are reasonable within the constraints of the Internal Revenue Code.The survey was conducted and compiled for the Association by Profit Planning Group, a research firm based in Boulder, Colo. Participants have received the Report at no charge. It is available to nonparticipating NTEA members for $50; nonmembers may purchase a copy for $100.NTEA provides in-depth technical information, education and money-saving opportunities through its member programs, publications, services and sponsorship of The Work Truck Show — the only event dedicated exclusively to the Class 1 through 8 commercial truck and transportation equipment market. For more information about the NTEA, call (800) 441-NTEA (6832) or (248) 489-7090.