Machinery Lubrication

Machinery Lubrication Sept Oct 2015

Machinery Lubrication magazine published by Noria Corporation

Issue link: http://www.e-digitaleditions.com/i/572212

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More than $150,000: 2% $125,000 to $150,000 4% Increased 1-5% Increased 6-10% Increased more than 10% Stayed the same Decreased 1-5% Decreased 6-10% 67% 6% 2% 2% 2% 21% $100,000 to $124,000: 16% $100,000 to $124,000 21% $60,000 to $79,000 28% 40,000 to $59,000: 27% Less than $40,000: 2% What is your current annual salary? The average salary of respondents was $78,112. The highest was $225,000, while the lowest was $24,000. Yes 73% No 27% Have you received a raise in the past year? Yes 57% No 43% Did you receive a bonus in the past year? How does your salary this year compare to last year? 18 | September - October 2015 | www.machinerylubrication.com The latest results from Machinery Lubrication's annual salary survey reveal some interesting insights into the lubrication industry. The online survey, which polled lubrication professionals living in the United States, indicates that compensation rates have remained steady over the past 12 months, with only a slight decline of 1 percent. The average salary in 2015 was $78,112. The highest reported income was $225,000, while the lowest was $24,000. Benefits such as health insurance, 401(k) and profit sharing were also static over previous years. Although fewer professionals received bonuses in 2015, raises were quite prevalent, as nearly three-fourths of all respondents reported an increase. However, most saw their salaries rise by just 1 to 5 percent. WAGES HOLDING STEADY AS LUBRICATION WORKFORCE GETS YOUNGER 2015 SALARY SURVEY The average salary of respondents was $78,112. The highest was $225,000, while the lowest was $24,000. What is your current annual salary? More than $150,000 2 % $125,000 to $150,000 4 % $100,000 to $124,000 16 % $80,000 to $99,000 21 % $60,000 to $79,000 28 % $40,000 to $59,000 27 % Less than $40,000 2 % The average salary of respondents was $78,112. The highest was $225,000, while the lowest was $24,000. "Any raise or just keeping your job, if it's any good, is fair compensation these days." Did you receive a bonus in the past year? Yes 57% No 4 3% The average salary of respondents was $78,112. The highest was $225,000, while the lowest was $24,000. How does your salary this year compare to last year? Increased 1-5% Increased 6-10% Increased more than 10% Stayed the same Decreased 1-5% Decreased 6-10% 67% 6% 2% 21% 2% 2%

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