COVER STORY
TRENDS TELL ALL: WMABA REVEALS 2021 LABOR RATE SURVEY RESULTS - PART TWO Last month’s Hammer & Dolly featured the first part of the results of WMABA’s latest Labor Rate Survey. Although providing statistically valid information on the rates paid by repair facilities is vital, these figures only present half the story. To truly gauge where the WMABA region is at, the association also asked respondents a series of questions designed to provide a look inside the industry’s current mindset with respect to common repair procedures, in-house operations, relations with insurers and more. The results in this month’s issue showcase WMABA’s findings in these areas.
WHICH BENEFITS DO RESPONDING BUSINESS OWNERS PAY FOR?
Yes, fully paid
Yes, partially paid
No
Health Insurance
7.92%
65.35%
26.73%
Dental Insurance
6.00%
44.00%
50.00%
Vision Insurance
4.00%
40.00%
56.00%
Long-term Disability
2.11%
21.05%
76.84%
Life Insurance
16.16%
19.19%
64.65%
Paid sick leave (after a set period)
51.00%
19.00%
30.00%
Paid vacation (after a set period)
83.00%
10.00%
7.00%
Personal leave (after a set period)
39.80%
9.18%
51.02%
401(k) or retirement program
32.65%
32.65%
34.69%
Performance Bonus
37.00%
25.00%
38.00%
Yearly cost of living increase(s)
10.10%
13.13%
76.77%
24
May 2021
