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Though nearly three-quarters of in-plant managers say the COVID-19 pandemic had no impact on their salaries, the data in our new salary survey implies otherwise. Bucking the trend of 4-10% growth every two years since 2013, average salaries remained virtually stagnant in 2021 compared with 2019, climbing just a paltry 0.3%. The median salary dropped for the first time since 2011, shrinking 2.3%.
Fewer managers received raises last year, as well. Overall, 77% got a 2021 pay increase, while in 2019, 86% of respondents got a raise. It was encouraging to see that more than a third (35%) of in-plant managers like their jobs and would not consider higher-paying offers elsewhere. The top paying industries for in-plant managers are manufacturing, utilities, and insurance, which each paid their managers more than $97,000 per year.
Our 2021 salary survey will give you a good basis for comparison when it comes time to talk about your next raise. Download the report here.
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