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Employee Compensation Report Now Available

The North American Retail Hardware Association (NRHA) has released the only in-depth, industry-specific study on employee compensation.

The new 2017 Employee Compensation Report is a benchmarking tool for independent home improvement retailers to use for general guidance as they assess their payroll costs, pay structures and employee benefits.

The report contains payroll and benefits data, which are segmented out by three business types—hardware operations, home centers and lumberyards. Hundreds of retailers, representing companies ranging from small stand-alone stores to large independent chains, contributed to the research.

The study also provides information on average wages by job, average number of workers on payroll per position, investment in employee training and use of bonuses, paid time off, insurance and retirement benefits.

As an advantage of their membership, NRHA Training Members can access the entire report here at no cost. The full study is also available for purchase here. Hardware Retailing magazine recently published a preview of the research, which is available to read online.

If you contributed to the study and have not yet received your complimentary copy of the report, please contact Hilary Welter at hwelter@nrha.org.

About Kate Klein

Kate is profiles editor for Hardware Retailing magazine. She reports on news and industry events and writes about retailers' unique contributions to the independent home improvement sector. She graduated from Cedarville University in her home state of Ohio, where she earned a bachelor's degree in English and minored in creative writing. She loves being an aunt, teaching writing to kids, running, reading, farm living and, as Walt Whitman says, traveling the open road, “healthy, free, the world before me.”

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