CTE’s Biennial Salary Survey: The results are in

In sharp contrast to the previous survey from 2016, Cutting Tool Engineering‘s 10th Biennial Salary Survey reveals that metalworking professionals are receiving more pay and benefits while demand for skilled workers remains robust and unemployment is low. Based on the national averages, all positions—from manual machinists to corporate managers—saw increases.

While all positions experienced double-digit percentage increases in salaries—with the exception of CNC machinists at 7.4 percent—engineering supervisors realized the biggest percentage gain at 20.8 percent. As usual, corporate managers came out on top of the heap for actual salary. Their average salary of $127,412 reflects an increase of 14.6 percent compared with 2016.

Possibly to attract and retain workers, a significantly higher percentage of metalworkers are receiving benefits from employers. This year’s survey indicates that a higher percentage of workers in all positions are receiving health and dental plans, profit sharing and training. Looking at health insurance, for example, all positions showed sizable gains in this year’s survey compared with 2016. The percentage of design engineers receiving the benefit rose from 26 to 68 percent, followed by the percentage of engineering supervisors, increasing from 22 to 59 percent.

Although the percentage of tool and die makers who have a health plan rose to 40 percent in 2018 compared with 25 percent in 2016, a majority (60 percent) of them still do not have health plans.

The only benefit that saw a reduction in some positions is the use of a company vehicle. Fewer manual machinists, tool and die makers and corporate managers receive one. While 26 percent of corporate managers still receive a company vehicle, the percentage was 33 in 2016 and 39 in 2014.

For whatever reason, not all regions and company types followed the national average’s upward trajectory for pay. Manufacturers in the West decreased the compensation for manual machinists, CNC machinists, programmers, shop supervisors and engineering supervisors. Salaries for only three (manual machinist, tool and die maker and design engineer) of the 11 positions covered in the survey increased at tool, mold and die shops. Meanwhile, programmers at those shops received the same amount—$55,000—as they did 2 years ago, which is an effective pay reduction when adjusted for inflation.