Hardware Retailing

NOV 2017

Hardware Retailing magazine is the pre-eminent how-to management magazine for small business owners and managers in the home improvement retailing industry.

Issue link: http://hardwareretailing.epubxp.com/i/889894

Contents of this Issue


Page 64 of 78

HARDWARE RETAILING | November 2017 60 Lumberyards L umberyards composed the smallest segment of the independent home improvement industry represented in the 2017 Employee Compensation Report. The sample size and the fact that different businesses participate in the research each study offer potential for differences in data from prior reports. For instance, in NRHA's 2014 Employee Compensation Report, lumberyards on average employed 18 workers per location. The 2017 study shows that, on average, lumberyards employ nearly twice that many people, or 33 per location. In addition, owner and officer salaries increased from $65,000 per year to $92,078. The construction industry has been on an improving trajectory over the past few years, so the study results could reflect that growth. For the most part,the 2017 research shows that lumberyard employee wages consistently rose in amounts that reflect normal market fluctuations. The hourly pay rate for full-time yard personnel increased by 55 cents to $14.77. Department managers got a $3.47 bump in pay to $22.46 per hour, and cashiers' wages rose from $11.50 per hour to $13.66. The only dip in wages was for warehouse workers, whose average hourly pay decreased from $19.23 to $15.19. 0% 10% 20% 30% 40% 50% PPO 50% HSA 20% Don't Offer Insurance 20% HMO 10% FSA 0% Types of Health Insurance Plans Offered by Lumberyards The stores that contributed health insurance information to this chart, at minimum, offer medical insurance to store managers and assistant managers. The typical lumberyard dedicates more than 20 training hours per year to full-time employees and about 8 training hours per year for part-time workers.

Articles in this issue

Archives of this issue

view archives of Hardware Retailing - NOV 2017