CE Pro February 2022 - 39

WAGE & SALARY
FAST FACTS
3.9%
Overall payroll wage
increase predicted for 2022
across all positions
1%
Percentage of integration
companies that reduced
average wages in 2021
(down from 9% in 2020
during the initial stages of
the pandemic)
$19.86/hour
Average hourly wage for
an Installation Technician
with less than 2 years of
experience
7%
Percentage increase in
hourly wages paid to new
installers in 2021 vs. 2020
($1.28/hour increase)
$26.47/hour
Average hourly wage for
an Installation Technician
with more than 2 years of
experience
pany profits. Only about
one-in four of company
owners (24%) do not pay
themselves a salary.
Meanwhile, heading into
2022, integrators expect
an average overall payroll
increase of just 4%, which
might be an optimistic outlook
given that the latest
data from the U.S. Bureau
of Labor Statistics reveals
an inflation rate of 6.8%,
the highest rate since 1982.
Techs, Other Key Roles
See Pay Bumps
The 2022 CE Pro Wage &
Salary Study was conducted
cepro.com
in November and December
2021 with 268 total respondents
across North America.
The study covers wages,
benefits, bonus compensation,
labor profitability
and more. In conjunction
with this year's study, CE
Pro is including a guide to
hiring that delves into steps
dealers can take to find and
retain key employees (see
page 44).
The increase in wages
is most apparent at the
technician level, where that
average hourly wage for an
entry-level technician in
2021 rose by $1.28 per hour
15%
Percentage increase in
hourly wages paid to
experienced installation
technicians in 2021 vs. 2020
$25.71/hour
Average hourly wage for a
Service Technician
6%
Percentage increase in
Service Technician wages in
2021 vs. 2020
$88,898
Average annual salary for a
Sales Manager
7%
Percentage increase in Sales
Manager salaries in 2021 vs.
2020
$66,437
Average annual salary for a
Project Manager
0.8%
Percentage increase in
Project Management
salaries in 2020 versus 2019
$122,483
Median annual salary for
Executive Management
position (Owner/VP/GM)
27%
Percentage increase in
Executive Management
position salaries in 2021
vs. 2020
28%
Median profit margin earned
on labor in 2021
36%
Percentage of integrators
used part-time or
subcontract installation
labor in 2021
6.6%
Average commission paid to
sales staff in 2021
72%
Percentage of integration
companies that offer
employee bonuses
$847
Median annual bonus
amount earned by
employees in 2021
February 2022 CE Pro | 39
http://www.cepro.com

CE Pro February 2022

Table of Contents for the Digital Edition of CE Pro February 2022

CE Pro February 2022 - Presentation Page
CE Pro February 2022 - Cover1
CE Pro February 2022 - Cover2
CE Pro February 2022 - 1
CE Pro February 2022 - 2
CE Pro February 2022 - 3
CE Pro February 2022 - 4
CE Pro February 2022 - 5
CE Pro February 2022 - 6
CE Pro February 2022 - 7
CE Pro February 2022 - 8
CE Pro February 2022 - 9
CE Pro February 2022 - 10
CE Pro February 2022 - 11
CE Pro February 2022 - 12
CE Pro February 2022 - 13
CE Pro February 2022 - 14
CE Pro February 2022 - 15
CE Pro February 2022 - 16
CE Pro February 2022 - 17
CE Pro February 2022 - 18
CE Pro February 2022 - 19
CE Pro February 2022 - 20
CE Pro February 2022 - 21
CE Pro February 2022 - 22
CE Pro February 2022 - 23
CE Pro February 2022 - 24
CE Pro February 2022 - 25
CE Pro February 2022 - 26
CE Pro February 2022 - 27
CE Pro February 2022 - 28
CE Pro February 2022 - 29
CE Pro February 2022 - 30
CE Pro February 2022 - 31
CE Pro February 2022 - 32
CE Pro February 2022 - 33
CE Pro February 2022 - 34
CE Pro February 2022 - 35
CE Pro February 2022 - 36
CE Pro February 2022 - 37
CE Pro February 2022 - 38
CE Pro February 2022 - 39
CE Pro February 2022 - 40
CE Pro February 2022 - 41
CE Pro February 2022 - 42
CE Pro February 2022 - 43
CE Pro February 2022 - 44
CE Pro February 2022 - 45
CE Pro February 2022 - 46
CE Pro February 2022 - 47
CE Pro February 2022 - 48
CE Pro February 2022 - 49
CE Pro February 2022 - 50
CE Pro February 2022 - 51
CE Pro February 2022 - 52
CE Pro February 2022 - 53
CE Pro February 2022 - 54
CE Pro February 2022 - 55
CE Pro February 2022 - 56
CE Pro February 2022 - 57
CE Pro February 2022 - 58
CE Pro February 2022 - 59
CE Pro February 2022 - 60
CE Pro February 2022 - 61
CE Pro February 2022 - 62
CE Pro February 2022 - 63
CE Pro February 2022 - 64
CE Pro February 2022 - Cover3
CE Pro February 2022 - Cover4
https://www.nxtbook.com/emerald/cepro/november_2022
https://www.nxtbook.com/emerald/cepro/october_2022
https://www.nxtbook.com/emerald/cepro/september_2022
https://www.nxtbook.com/emerald/cepro/august_2022
https://www.nxtbook.com/emerald/cepro/july_2022
https://www.nxtbook.com/emerald/cepro/june_2022
https://www.nxtbook.com/emerald/cepro/may_2022
https://www.nxtbook.com/emerald/cepro/april_2022
https://www.nxtbook.com/emerald/cepro/march_2022
https://www.nxtbook.com/emerald/cepro/february_2022
https://www.nxtbook.com/emerald/cepro/january_2022
https://www.nxtbook.com/emerald/cepro/december_2021
https://www.nxtbook.com/emerald/cepro/november_2021
https://www.nxtbook.com/emerald/cepro/october_2021
https://www.nxtbook.com/emerald/cepro/september_2021
https://www.nxtbook.com/emerald/cepro/august_2021
https://www.nxtbook.com/emerald/cepro/july_2021
https://www.nxtbook.com/emerald/cepro/june_2021
https://www.nxtbook.com/emerald/cepro/may_2021
https://www.nxtbook.com/emerald/cepro/cepro_april_2021
https://www.nxtbookmedia.com