Chicago — The North American Association of Floor Covering Distributors (NAFCD) has released the 2014 NAFCD Employee Compensation Report. The study analyzes 2013 compensation data of 978 U.S. firms in more than 6,000 locations.
NAFCD said the value of the report lies in three areas.
1) The results help companies determine where their compensation plan stands, not only within the industry, but also compared to other companies in distribution.
2) The data helps NAFCD protect company interests by responding to legislative proposals regarding government-mandated health and leave benefits for employees.
3) The information helps companies that must prove their compensation is “reasonable” within the constraints of the Internal Revenue Code.
The results are presented in two documents. Combined, they provide information about compensation and benefit practices for distribution industries.
NAFCD Detailed Report
This report provides information about both executive and employee compensation including salaries, bonuses, commissions and perks. It also includes details about fringe benefits such as health insurance, retirement programs, and employee time off.
Industry Report
The industry report presents the analysis of all participating firms. Firms were categorized into over 20 sales volumes and over 100 geographic areas.