ALEXANDRIA, Va. – Talent acquisition and retention are two critical elements for success, but do you know how your business stands up next to the competition regarding your workforce investments?
When it comes to compensation, how does your business compare to benchmarks and standards across the rest of the convenience and fuel retailing industry? Is your offer competitive? Are you offering more than you need to, or not offering enough to attract and retain top talent? NACS can help you gain answers to these questions through the NACS State of the Industry Compensation Report.
Each spring, NACS publishes its State of the Industry Compensation Report, providing critical benchmarking data in the key human resource categories of compensation, turnover and benefits. The report breaks down the newest available numbers in the convenience industry and is considered an essential guide for HR professionals.
For nearly 40 years, companies have relied on this report for the most accurate snapshot of:
- Salaries (annual base salaries, other compensation, wage increases)
- Turnover (displayed by region, firm size and top quartile)
- Benefits by position and exemption status (medical, health care cost as a percentage of payroll, percentage of enrollment, company contribution)
- Small operators
New questions added to the 2017 survey delve deeper into industry HR investments, including software use, screening and assessment tools during the hiring process and training.
While the report will not be published until early spring 2017, NACS is collecting the industry data now—and your company can be a part of the analysis. It’s simple to participate and the results can be invaluable for your business, helping you develop a more competitive compensation strategy to attract, engage and retain top talent.
The 2016 Compensation Report Survey can be completed online, using a link that is easily shared among your team members. The data collection tool allows you to save your responses so you do not have to complete the survey in one sitting. Your company’s data is treated confidentially—it will only be used for analyses with data from other submitting firms. NACS has honored this pledge of confidentiality for more than 40 years while reporting aggregated metrics that are critical to the convenience and fuel retailing industry.
All survey responses must be submitted by Monday, January 16, 2017. Survey participants will receive a complimentary copy of the published report (a $275 value).
Click here for more information, or email NACS Research Coordinator Greg Levitan.