Right here’s the tradeoff for workers within the automotive retail sector in the USA: lengthy hours for extra money.
Much more cash, really.
Within the latest Automotive Information Dealership Wage Survey, car retail professionals pulled in an annual common pay of $200,200 final 12 months — almost thrice increased than what the typical American made in 2022.
However there was a “however,” the survey confirmed: That quantity of earnings required devoting a 50-hour-plus workweek. And it reported a major disparity in pay between women and men in the identical subject, with males making almost $219,000 and girls making solely 66 p.c that a lot — amounting to a yearly distinction of $74,300.
The report’s science is considerably questionable. Business commerce journal Automotive Information famous that it isn’t complete of all dealership worker pay. Extra managers responded to the survey than workers, and the typical respondent had greater than 27 years within the business, indicating increased pay.
Additionally, the Automotive Information Dealership Wage Survey’s respondents have been 85 p.c male and 13 p.c feminine. Automotive Information and companion agency Analysis + Data = Insights surveyed greater than 1,000 franchised dealership professionals from Aug. 1 to Oct. 26 throughout final 12 months.
Concerning hours, males stated that they clocked a median of 52.2 hours every week, and girls 49.7 hours. In distinction, the typical U.S. worker spent 38.6 hours at work in 2022, in response to the most recent Census Bureau information shared by the U.S. Bureau of Labor Statistics. “Youthful generations battle with hours, strain and targets,” a Era X common supervisor at a Mercedes-Benz retailer in Ohio stated within the survey.
Advantages compensated for a few of these points, nonetheless. Almost two-thirds of the retail workers surveyed reported an employer match or cost right into a retirement plan, and no less than half reported having staff’ compensation, paid sick depart, household reductions on autos, and life insurance coverage.
A few third stated that they believed the business provided them good profession prospects. A number of respondents additionally submitted feedback noting they entered the enterprise for the cash. “I wanted a job that paid higher than McDonalds, and that was that,” wrote an city Florida supplier principal at a retailer promoting Hyundai, Genesis, Chrysler, Jeep and Subaru autos. Amongst model sorts, luxurious automobile dealerships paid on common the very best salaries, with $222,600 anticipated for his or her staff in 2023, the survey stated.
The complete report, together with related chart information, could be accessed right here. A subscription is required.
