The 2022 Compensation & Benefits Report tracks and benchmarks compensation and benefits data for a variety of key positions within the industry, including technical, non-technical, and C-suite roles.
We all know the role that compensation and benefits can play in staff recruitment and retention—especially in today’s red-hot job market, where the majority of companies are hiring (there are more than 11.4 million jobs open across the country).
Although money and benefits aren’t everything, they do matter. What you offer to existing and prospective employees can impact their decision to join, stay, or go.
Every two years, NSCA puts a remarkable amount of time, effort, and resources into collecting accurate data on salaries and benefits. This information is used to generate the industry’s only comprehensive salary and benefits research report, designed to help integrators uncover wage trends, identify fluctuations in compensation, pinpoint employment trends, and determine appropriate wages for employees.
The data is valuable and pertinent to companies of any size and in any North American location.
The information featured in the report comes directly from systems integrators. On our behalf, a third-party market research firm surveys NSCA members in the United States and Canada. From November 2021 through March 2022, integrators were asked to complete a comprehensive survey that collected information about company background, staffing levels, employee benefits, compensation, travel reimbursement, and salary increases.
The 2022 Compensation & Benefits Report, which contains data from this recent survey, is now available for download.
When you read the report, our most important piece of advice is this: Don’t overreact to the findings. It can be overwhelming at first glance. Focus on the items you can control instead of focusing on the things you can’t—such as compensation trends or supply chain delays.
This is an incredibly valuable report on its own, but it can also be layered with other NSCA sources to provide even more benefit.
By combining the benchmarks and metrics presented in the 2022 Compensation & Benefits Report with the information in NSCA’s Labor Installation Standard and Financial Analysis of the Industry, you can make sure your organization will be profitable on upcoming projects. (Our Project Simulation Tool is another great training tool to predict project profitability, too.)
Here are a few other ways we see integrators using data from the 2022 Compensation & Benefits Report:
- To determine raises: This information can help you decide what to offer when you’re promoting an internal candidate or planning for company-wide raises.
- To create incentive packages: Uncover the types of benefits and incentives that other companies are offering. Would adding those to your company’s compensation packages provide value?
- To extend job offers: If you’re creating a new team or position, or if you’re filling a role that hasn’t been empty for quite a while, the data can help you determine appropriate wage levels for new workers.
- To compare offerings: Analyze how your numbers compare to integrators of similar size in your region to determine how competitive you are in the job market.
- Evaluate staffing levels: Are you right-sized based on revenue and employees? Do you have too few workers—or too many—compared to others in similar situations?
- Making decisions about health insurance: If you’re on the fence about offering health insurance, you can see what other companies are offering based on staff numbers.
To ensure that this information is used for informational and decision-making purposes, only NSCA member owners and executives can access the report at no cost; the report can also be purchased by qualifying non-members. You can request access to the report here; NSCA will vet each report request.
When it comes to next steps, we’re here to help you apply this information to your own situation. If you need guidance, or you want to take a deeper dive into NSCA’s benchmarks and metrics, don’t hesitate to contact me.
Mike Abernathy is the director of business resources at NSCA.