1、2023 Compensation Best Practices ReportManufacturing Edition The storm of the last few years is subsiding and the labor market is calming down.However,the economy is still in flux,and compensation strategy and transparency are only becoming more important.Payscales flagship report for compensation p

2、rofessionals,HR leaders,and business executives distills data and insights from the largest known survey focused on compensation management best practices.The Manufacturing Edition highlights how employers in this industry are responding these many challenges while focusing on the goal of making sus

3、tainable changes to compensation management to promote fairer,more transparent pay as we all adapt to a new landscape of work.22023 CBPR:Manufacturing Edition| 04Executive perspective15One trusted data platform10Compensation planning05Highlights:Manufacturing Edition17Trending topics and top priorit

4、ies25Methodology 06Strategy and preparedness for comp challenges13Salary data and market pricingTable of contentsThis 2023 Compensation Best Practices Report(CBPR):Manufacturing Edition shares insights and data based on 351 survey responses from manufacturing organizations.This report is intended to

5、 support employers in this sector by highlighting the most relevant compensation trends and data from the overall report as they relate to the manufacturing market.Depending on the topic,we have also included comparisons to“overall”responses from the full 2023 CBPR.Overall survey respondents spanned

6、 the globe and included organizations of various sizes from one employee to 50,000 or more.Download the full CBPR report here.42023 CBPR:Manufacturing Edition| Executive perspectiveRuth Thomas Chief Product Evangelist,PayscalePolitical upheavals,financial volatility,and the challenges of the increas