Meat+Poultry - October 2020 - 40

COVER $TORY

Executives with most large companies reported their
families' coverage was partially paid for and 7% indicated
the coverage was paid in full by their employer, which was
identical to the 2015 survey. Other significant increases
in benefits offered by large companies included 401(k)
contributions (97%), short-term disability (90%), flexible
spending accounts (68%) and flexible work hours (40%).

HIRING HELP

lowest-ranking satisfaction levels were respondents in
the VP/Director of Purchasing/Procurement (4.7) and
R&D/Product Development Management (4.7). Overall,
respondents' average rating among small companies was 5.6.
When ranking job satisfaction attributes on a 7-point
scale, respondents with both small and large companies
ranked personal safety in the workplace the highest at 6.1
and 6.2, respectively. Job content satisfaction was the lowest
among both sizes of companies with relation to growth
opportunities available ranking 4.7 for those from small
companies and 4.8 among large companies.

Perhaps an indication of the pandemic fallout and higher
demand for their products, fewer than 18% of respondents
with large and small companies reported their employers
were in hiring or salary freezes or had implemented layoffs
SALARY SNAPSHOT
or facility closures. Meanwhile, 41% of large company
When comparing compensation by job title, the 2020
respondents indicated they had created new positions as did
survey confirms what the 2015 survey concluded: bigger
36% of small companies.
is significantly better. This year's survey indicated that the
Once employed in the industry, the 2020 survey indicates
average small company total annual cash compensation
an incremental increase in job satisfaction
for mid-level and upper-level executives
compared to 2015, which may be
ranges from $71,500 (for Purchasing/
When comparing
attributable to increased unemployment
compensation by job Procurement Management) up to
across the country and the fact that
$218,500 (CEO/Executive Management).
title, the 2020 survey Respondents reported average base
those who are employed are enjoying
gainful employment in general. On a
salary increases of 4.6% over the previous
confirms what
position-by-position basis, employees of
year's salary among these companies.
the 2015 survey
large companies reported overall higher
According to this year's data, executives
satisfaction rates, with the highest ranking concluded: bigger is
from large companies earned total cash
(on a 7-point scale) reported among those
compensation that ranged from a low of
significantly better.
in C-suite positions (6.4) and VP/Director
$105,000 for Environmental/Food Safety/
of R&D and Product Development (6.3), while the lowest
HACCP Management up to $435,000 for the CEO/Executive
ranking was in the positions of Operations and Production
Management roles. Base salaries among all positions on
Management (5.1) and R&D/Product Development
average increased 3.9%.
Management (5.1). Overall, respondents' average rating with
The complete 2020 MEAT+POULTRY Salary, Benefits
large companies was 5.8.
and Job Satisfaction Survey contains much more detailed
As for respondents with small companies, the highest
information and survey results than can be incuded in the
level of job satisfaction was reported by those in C-suite
charts, graphs and narratives presented here. To obtain the
roles (6.4), VP/Director of Sales/Marketing (6.0) and VP/
full survey results and data, please send an email request
Director of R&D/Product Development (6.0). Among the
to: meatpoultry@sosland.com.

COVID
QUOTABLES

- CEO/Executive Manager of a large processing company

40

MEAT+ POULTRY | 10.20 | www.meatpoultry.com

Oleksandr - stock.adobe.com

"Early on, we saw demand drop
precipitously followed by increased
demand but now have concerns over raw
material suppliers meeting our needs."


http://www.meatpoultry.com

Meat+Poultry - October 2020

Table of Contents for the Digital Edition of Meat+Poultry - October 2020

Meat+Poultry - October 2020 - 1
Meat+Poultry - October 2020 - VDG - 1
Meat+Poultry - October 2020 - VDG - 2
Meat+Poultry - October 2020 - 1
Meat+Poultry - October 2020 - 2
Meat+Poultry - October 2020 - 3
Meat+Poultry - October 2020 - 4
Meat+Poultry - October 2020 - 5
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http://digital.meatpoultry.com/sosland/mp/2020_10_01
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