Small firms pay more than bigger brothers as average earnings
Average earnings across the print sector have declined by 11.5% according to the findings of the BPIF’s Manpower Survey report, reflecting a dramatic reduction in overtime hours and decrease in shift payments. The report also highlighted that average basic wages in companies with less than 25 people are greater than those in companies with 25 or more. According to the survey this suggests that smaller companies need to pay a higher basic rate as they often don't offer as much overtime.
Supported by RSM Tenon and Meridan Financial LLP, the report shows a detailed view of wages paid across the board to a variety of skill levels as well as focusing on working hours and shift patterns throughout the industry. It gives a summary of earnings by class, shift, location, company sizes and product sector and also gives individual occupation earnings by shift, with differentials to enable users to calculate estimates for location, company size and product sector.
BPIF research and information manager Kyle Jardine, said: “The Manpower Survey is the only wage benchmark we have at the moment because there has been no National Agreement. It is a document that can assist companies in assessing their wage costs and making the decisions about the recruitment and deployment of people. It also enables guidance and assistance to be given to member companies on wages structures and earnings levels and is an essential tool for negotiations at all levels.”
The Manpower Survey is available free-of-charge to BPIF responding members, or £250 to non-participating members and is also available to non-members for £500. www.printdata.org.uk