The annual CVI Wage & Benefits Survey provides comprehensive pay practice and salary data for employers throughout Central Virginia covering company wage structure and pay practices, current year/projected base pay increases, current year/projected incentive/variable pay, and detailed salary and range data.

Do you need an objective tool to justify your organization's compensation levels compared with other businesses in Region 2000? Are you unsure how to set appropriate pay and benefits for staff and new hires? Our Wage & Benefits Survey provides objective salary and benefit information.

Salary surveys benefit companies by:

• Providing job classification data.The basis of a good compensation plan begins with a thorough job analysis and the development of job descriptions. 

• Salary surveys provide information on benchmark jobs, which are positions that are similar in all companies. 

• They establish pay ranges.  A flat structured organization is the growing trend in many companies.  Instead of promotion oportunities, these companies utilize broadbanding, which is the compression of several job descriptions into broad pay ranges.  Unlike traditional pay ranges, broadbanding focuses on high performance in existing job roles.  There are not many promotional opportunities, only more opportunities to grow an existing position and to add more responsibilities and more compensation.  In the broadband pay structure, there are usually five or six levels in the organization and all employees fall within those bands. 

• Establish minimum salaries.  Salary surveys provide analytical data on salary ranges based on skill and industry.  This is particularly helpful for new companies that need to compare the market minimum pay ranges to their compensation plans and determine if they are recruiting candidates within the minimum to median pay ranges.

Our members indicate that one of the main reasons they decide to join CVI is to have access to our comprehensive survey reports. We understand your time constraints so we make it worth your while to participate.  Members who participate in our surveys are rewarded with free copies of the survey reports they participate in.  In addition, we provide significant discounts on national reports.

The survey is available in Adobe PDF  format. Thirty-one companies participated in compiling the 2008 data, representing over 5000 employees. 120 jobs were surveyed, and the following areas were addressed:

• Pay Adjustment Policy
• Shift Premium Policy
• Bonus Plan
• Recognition Programs
• Average Monthly Absenteeism Percentage Rate
• Average Annual Turnover Percentage Rate
• Salary Increase Percentage – 2008
  

Health Insurance Questions

• Companies Providing Health Insurance Coverage to Employees
• Fully-Insured or Self-Insured Health Insurance Coverage
• Percentage Paid By Company for Employee Only Coverage
• Companies Contributing to Coverage for Employees' Dependents
• Percentage Paid by Company for Dependent Coverage
• Annual Deductibles Per Individual/Per Family
• Coinsurance (%) or Co-payments ($) for Physician Office Visits
• Coinsurance/Co-payments-Brand and Generic Prescription Drugs
• Companies Offering Mail Order Prescription Drug Benefit Program 
• Annual Out-of-Pocket Limits-Per Individual/Per Family
• Companies Providing Health Insurance Coverage to Employees

Hiring Rates

• Avg. Earnings – Wtd. Avg. St. Time Hourly Rates – Production Workers
• Avg. Production Workers Weekly Earnings and Average Hours Worked
• Compensation - First-Line Manufacturing Supervisors
• Avg. Earnings – Wtd. Avg. St. Time Hourly Rates – Production Workers

CVI Survey Prices

• Participating CVI members – 1 free copy - additional copies.................$100.00 each
  
• Non-Participating CVI Members  .......................................................... $500.00            
• Non-CVI Members  ................................................................................$1,000.00  

Members who participate in our surveys always receive a free copy of the results.  Non-participating CVI members and non-CVI members who wish to purchase a copy of this year's survey, can contact This e-mail address is being protected from spambots. You need JavaScript enabled to view it or phone 434-832-8134 or fax 434-832-8136.