The American Mold Builders Association (AMBA), Indianapolis, Indiana, has announced the release of its annual 2021-22 AMBA Wage and Salary Report. Now in its eleventh year, AMBA’s Wage and Salary Report contains comprehensive analyses on over 50 job classifications from mold manufacturers who serve a variety of end-use markets. Newly added sections include questions relative to cost-of-living increases, incentives to attract qualified labor and sales bonus structures.
Participants in this year’s study represented approximately 114 US mold builders, who reported wages for over 4,000 full-time and 200 part-time employees. Respondents reported an average salary increase of 6.1% (slightly below the current inflation rate of 6.8%), while eight of 10 companies expect to hire new employees next year, primarily in technical roles. For more information, visit www.amba.org.
