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Distributor's Link Magazine Fall Issue 2014

74 THE DISTRIBUTOR’S

74 THE DISTRIBUTOR’S LINK NFDA - 10842 Noel Street #107, Los Alamitos CA 90720 • Tel: 1-877-487-6332 • Email: nfda@nfda-fastener.org • www.nfda-fastener.org NATIONAL FASTENERS DISTRIBUTORS ASSOCIATION HOW DOES YOUR COMPANY’S COMPENSATION PACKAGE COMPARE TO OTHERS IN THE FASTENER INDUSTRY The NFDA 2014 Employee Compensation Report presents the results of Profit Planning Group’s study of the distribution industry, analyzing 2013 compensation data submitted by 978 U.S. firms for more than 6,000 locations. NFDA co-sponsored this study along with 26 other distribution organizations. The complete results are presented in two documents. Combined, they provide the most complete source of information available about compensation and benefit practices for distribution industries. According to Kevin Miller, executive vice president, Bamal Fastener Corporation, “The NFDA compensation survey has been an extremely valuable tool for us. I have it on my desktop and look at it almost daily. Not only is it useful for the hiring process, but also for benchmarking ourselves against the rest of the industry and allowing our employees to see how they stack up with their peers in terms of pay and benefits. You can’t put a number on the value it provides.” Volume 1: NFDA Detailed Report The detailed report presents the analysis of participating NFDA firms. Where appropriate, NFDA results are compared with the results of all participants. This report provides information about both executive and employee compensation including • salaries • bonuses • commissions • perks It also includes details about fringe benefits such as • health insurance • retirement programs • employee time off Volume 2: Industry Report The industry report presents the analysis of all participating firms. Firms were detailed into more than 20 sales volumes categories and more than 100 geographic areas. The report is available to NFDA members for 0. The nonmember price is 0. Visit www.nfda-fastener.org to purchase. (From the home page menu select Resources and then Online Store. Upon purchasing the report, you will be sent links to download both Volumes I and II. Economic Update Webinar Planned for December 16 One of the best benefits of NFDA membership is the economic update reports issued quarterly by the Institute for Trend Research. Join us on December 16 for a year-end wrap-up webinar by economist Alan Beaulieu. Details will be posted at www.nfda-fastener.org this fall. 2015 Meeting Dates and Locations Join us at the Francis Marion Hotel in downtown Charleston, South Carolina for NFDA’s 2015 Winter Meeting, February 26-28. And, our 2015 Annual Meeting is scheduled for June 10-11 at the Crowne Plaza Chicago O'Hare Hotel & Conference Center in Rosemont, Illinois, held in conjunction with Fastener Tech ’15. For more information about NFDA and its activities visit www.nfda-fastener.org or contact Vickie Lester, executive vice president, NFDA, 10842 Noel Street #107, Los Alamitos CA 90720, 714-484-7858, vlester@nfda-fastener.org

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