CE Pro March 2024 - 43

WAGE & SALARY
RATES FAST FACTS
3.13%
Overall payroll wage increase
in 2023 across all positions
$20.52
Median hourly wage for
an Installation Technician
with less than 2 years of
experience
$27.09/hour
Median hourly wage for
a Lead Technician
$25.99/hour
Median hourly wage for
a Service Technician
$77,000
Median annual salary for
a Sales Manager
$74,783
Median annual salary for
a Project Manager
Anticipated Payroll Change in 2023
11%+
4%
Prominent Personnel
Draw Well North
of $70K
With those median fi gures
in mind, let's get this out
of the way - essentially
every wage and salary fi gure
is down year-over-year
compared with the 2023
study's averages, for the
reasons outlined previously.
Therefore, it's not really
refl ective that the numbers
don't match up with last
year's and we will consider
cepro.com
this year's data on its own
merits, and make more apples-to-apples
comparisons
next year.
However, as stated the
median pay increase across
the board was 3.13%, and
like in past years' CE Pro reports
the wages and salaries
correspond well with the
job responsibilities.
Like basically every other
industry, those in executive
positions are indeed at the
top of the fi nancial food chain.
�� � � � � �
5-10%
increase
19%
28%
3-4%
increase
Flat/No
change
25%
19%
1%-2%
increase
With infl ation continuing to be a factor, nearly half (47%) of
integrators anticipate having to give employees pay bumps
largely in the 1% to 5% range, with a median of 3.13%. A
much larger portion expect to provide 1% to 2% raises, up
13 points from what they said entering 2023.
March 2024 CE Pro | 43
$113,214
Median annual salary for
Executive Management
position (Owner/VP/GM)
6.28%
Median commission paid to
sales staff in 2023
77%
Percentage of integration
companies that off er
employee bonuses
$1,442
Median annual bonus
amount earned by
employees in 2023
35.7%
Median profi t margins
earned on labor in 2023
Decrease/
Fewer
Employees
4%
STUDIO V-ZWOELF/STOCK.ADOBE.COM
http://www.cepro.com

CE Pro March 2024

Table of Contents for the Digital Edition of CE Pro March 2024

CE Pro March 2024 - Bellyband1
CE Pro March 2024 - Bellyband2
CE Pro March 2024 - Cover1
CE Pro March 2024 - Cover2
CE Pro March 2024 - 1
CE Pro March 2024 - 2
CE Pro March 2024 - 3
CE Pro March 2024 - 4
CE Pro March 2024 - 5
CE Pro March 2024 - 6
CE Pro March 2024 - 7
CE Pro March 2024 - 8
CE Pro March 2024 - 9
CE Pro March 2024 - 10
CE Pro March 2024 - 11
CE Pro March 2024 - 12
CE Pro March 2024 - 13
CE Pro March 2024 - 14
CE Pro March 2024 - 15
CE Pro March 2024 - 16
CE Pro March 2024 - 17
CE Pro March 2024 - 18
CE Pro March 2024 - 19
CE Pro March 2024 - 20
CE Pro March 2024 - 21
CE Pro March 2024 - 22
CE Pro March 2024 - 23
CE Pro March 2024 - 24
CE Pro March 2024 - 25
CE Pro March 2024 - 26
CE Pro March 2024 - 27
CE Pro March 2024 - 28
CE Pro March 2024 - 29
CE Pro March 2024 - 30
CE Pro March 2024 - 31
CE Pro March 2024 - 32
CE Pro March 2024 - 33
CE Pro March 2024 - 34
CE Pro March 2024 - 35
CE Pro March 2024 - 36
CE Pro March 2024 - 37
CE Pro March 2024 - 38
CE Pro March 2024 - 39
CE Pro March 2024 - 40
CE Pro March 2024 - 41
CE Pro March 2024 - 42
CE Pro March 2024 - 43
CE Pro March 2024 - 44
CE Pro March 2024 - 45
CE Pro March 2024 - 46
CE Pro March 2024 - 47
CE Pro March 2024 - 48
CE Pro March 2024 - 49
CE Pro March 2024 - 50
CE Pro March 2024 - 51
CE Pro March 2024 - 52
CE Pro March 2024 - 53
CE Pro March 2024 - 54
CE Pro March 2024 - 55
CE Pro March 2024 - 56
CE Pro March 2024 - 57
CE Pro March 2024 - 58
CE Pro March 2024 - 59
CE Pro March 2024 - 60
CE Pro March 2024 - 61
CE Pro March 2024 - 62
CE Pro March 2024 - 63
CE Pro March 2024 - 64
CE Pro March 2024 - Cover3
CE Pro March 2024 - Cover4
https://www.nxtbook.com/emerald/cepro/may_2024
https://www.nxtbook.com/emerald/cepro/april_2024
https://www.nxtbook.com/emerald/cepro/march_2024
https://www.nxtbook.com/emerald/cepro/janfeb2024
https://www.nxtbook.com/emerald/cepro/december_2023
https://www.nxtbook.com/emerald/cepro/november_2023
https://www.nxtbook.com/emerald/cepro/oct_2023
https://www.nxtbook.com/emerald/cepro/sept_2023
https://www.nxtbook.com/emerald/cepro/august_2023
https://www.nxtbook.com/emerald/cepro/july_2023
https://www.nxtbook.com/emerald/cepro/june_2023
https://www.nxtbook.com/emerald/cepro/may_2023
https://www.nxtbook.com/emerald/cepro/april_2023
https://www.nxtbook.com/emerald/cepro/march_2023
https://www.nxtbook.com/emerald/cepro/february_2023
https://www.nxtbook.com/emerald/cepro/january_2023
https://www.nxtbook.com/emerald/cepro/december_2022
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