Die Casting Industry Productivity Rises in 2010

By DE Editors

The results of the North American Die Casting Association (NADCA) 2010 Wage & Benefit Survey have been published. The 2010 survey represents 52 companies in the die casting industry nationwide, with summaries for direct labor employees. It includes wage rates for 13 key direct labor employees, analysis of insurance coverage, determining compensation standards and selecting fringe benefit plans and insurance.

According to the survey:

• The typical participating company had annual sales of $30 million per year, used 21 die casting machines, and employed 155 full-time direct labor employees.
• Ten (9%) were union shops.
• Eighteen percent of the total production employees reported were temporary. 
• Almost 77% of the survey participants’ total employees were hourly production employees.
 

Less than half the companies (33%) reported a general wage adjustment in the last 12 months, but a larger percentage (42%) plan to make a general wage adjustment in the next 12 months. The median value of adjustment in the last 12 months was .5% more than the amount in 2009.

The number of companies providing pension/retirement plans increased to 31% overall, and the percent providing insurance for retirees was 12%. While most unions do not provide these benefits directly, union shops tend to have a much higher participation for these types of programs compared to non-union shops.

For more information, visit NADCA.

Sources: Press materials received from the company and additional information gleaned from the company’s website.