02/05/2016

FPDA 2016 Compensation Survey Underway!

Hiring and keeping good employees is essential to the profitability of your business, especially in today’s economy. To achieve that goal, you must consider your overall employee compensation plan—not just your pay scales, but your benefits program as well—in comparison to other firms in distribution.

How does your firm’s employee compensation package stack up in the industry? To help you evaluate your situation, FPDA is co-sponsoring the 2016 Employee Compensation Study conducted by Profit Planning Group.  Approximately 1,000 firms in 30 distribution lines of trade will participate.

The value of this survey is threefold:

• The results help you determine where your compensation plan stands not only within the industry but also compared to other companies in distribution.
• The information helps companies that must prove their compensation is “reasonable” within the constraints of the Internal Revenue Code.

To guarantee complete confidentiality of your company’s data, all responses will be sent directly to and compiled by Profit Planning Group, an outside organization that specializes in survey research. Only the aggregate results of the survey will be released.

To ensure a comprehensive report we need your participation. Please fine the 2016 Employee Compensation questionnaire, in both PDF and Excel format.  Be sure to send in your completed survey by February 15, 2016.  FPDA encourages you to download and complete the Excel version at www.profitplanninggroup.com/surveys.  Completed PDF versions can be emailed to surveys@profitplanninggroup.com.

If you have any questions about this program, please contact the FPDA office at info@fpda.org. Thank you for your participation in this important study. It will provide you with valuable information that could result in increasing your company’s profitability.