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 1695 N. Penny Lane
Schaumburg, IL 60173
www.afsinc.org
August 2, 2005
847/824-0181
The 2005 American Foundry Society Wages and Benefits Survey has been tabulated, and its results provide a valuable insight into the labor costs at metalcasting facilities throughout North America. Reports from 168 facilities representing 21,466 employees in the U.S. were used in developing the report, which collected data on wage averages for 28 job classifications.
According to the survey, on a national level, the lowest hiring wage was $6/hr., the highest hiring wage was $15.65/hr., and the average hiring wage was $9.58. The average hourly earnings were $14.05. Additionally, 27% of the respondents provided health care benefits through an HMO insurance plan while 68% offered a PPO plan. The remaining respondents offered a combination of the two or are self-insured. The survey also tabulated responses to questions regarding holidays and vacations, retirement plans, life insurance, sick leave and pay differentials per shift.
AFS uses the annual survey as an information-gathering spring board to keeping its members informed on the labor trends in the industry. The survey is broken down into 20 labor market areas as well as by type and size of metalcasting facility and union status.
AFS also partnered with The Management Assoc. of Illinois to provide a National Executive Compensation Survey. For more information on this survey or the AFS Wages and Benefits Survey, visit www.afsinc.org or contact Lynn Smith, AFS, at 847/824-0181 or lsmith@afsinc.org.
Headquartered in Schaumburg, Ill., AFS is a not-for-profit technical and management society that has existed since 1896 to provide and promote knowledge and services that strengthen the metalcasting industry for the ultimate benefit of its customers and society.
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