ABC New Hampshire & Vermont News


Annual Wage & Benefit Survey Results Available

ABC’s NH/VT 2013 Construction Industry Wage & Benefit Survey Results are now available to members. The annual survey data, collected from December 2012 through February 2013, included responses from 60 contractors, with an average of 50 employees (up 20% from last year’s survey) and an average annual volume of $12 million (also up 20% from last year’s survey). The responses covered wage and benefit practices for 21 classifications of employees.   A comparison of classifications included this year which were also reported on last year’s survey showed an average increase of 9.7%.  The survey showed that 57% of employers responding to the survey are providing some variation of bonus or incentive compensation in addition to the base wage; this is up 7% from last year’s survey.  88% of employers continue to provide health insurance for employees (same as last year’s survey), and deductibles increased by 13% for the single plan and 10% for a family plan ($2,836 average for single plan, $7,391 average for family plan).  The average amount of the employer contribution for single plans stayed the same as last year (66% for hourly employees, 70% for salary employees).  The average amount of employer contribution for family plans increased by 35% for hourly employees (up to an average of 46%) and 20% for salary employees (up to an average of 53%).  Some employer contributions are based on tenure and some employers establish maximum dollar amounts, not percentages for their contribution.   Even with increased deductibles health insurance premiums increased 8% for single plans and 3% for family plans.  40% of companies responding to the survey “self- insure” a portion of their health insurance; this is up 77% from last year’s survey.  The survey results also provide information on dental, disability, retirement and other life style benefits.
 
This survey is the only one of its kind available in our area.  We appreciate the response from members to assure we received data to provide the most valuable information for as many employee classifications as possible.  The survey data is extremely important to:
 
 
Please contact the ABC NH/VT Chapter Office for a copy of the survey results or if you have any questions.



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