We asked the questions. Here are our findings. How do you stack up?

After a three-year absence, our annual Salary Survey is back to help you determine how your income stacks up in relation to other maintenance and reliability professionals in today’s industrial arena.

Please note that our 2007 Salary Survey goes well beyond anecdotal information to reflect concrete data regarding the actual state of this industry’s employment marketplace. The data we used to compile this survey was obtained from a random sample of Maintenance Technology and Lubrication Management & Technology readers who completed an anonymous on-line survey. We believe the survey findings reported here to be both accurate and representative of what’s happening in the maintenance and reliability community.

A basic profile
When Maintenance Technology conducted its first salary survey in 1998, average respondent income was $58,748, (including overtime and bonus, which all averages in our findings reflect). Nine years later, the average expected income for 2007 is $86,251—a 32% increase. This also reflects a 3% increase from the average salary of $83,678 that this year’s respondents report having received in 2006.

Furthermore, expected income for 2007 is ranging from $26,000 to $250,000, in comparison to a range of $12,000 to $160,000 in 1998 and $26,000 to $235,000 in 2006.

 

For those paid on an hourly basis—23.68% of our survey respondents—the average pay rate is $28.30 per hour, equating to an average expected 2007 income of $69,238.

As shown in Fig. 1, the highest percentage of our respondents report an expected 2007 income in the $70,000 to $79,999 range. This also is where the median income, $78,000, is found.

Changes with age
Age of our survey respondents ranged from 26 to 71 years

Based on age, the average income increased from $63,333.33 for respondents in their 20s to a high of $88,674 for those in their 50s. For those in their 60s and above, the average reported income dropped by slightly more than $4000. More results are shown in Fig. 2.

The learning curve
Of the...(Read whole article)