More education translates into more pay for transportation professionals, survey says
Oct 1, 2003 12:00 PM
Education pays off the most in receiving higher compensation among fleet/transportation professionals, according to efleetmgmt inc's 2003 Transportation Compensation Analysis.
In its survey of more than 200 industry employees, efleetmgmt found that education makes a sizable difference in how much pay the employee receives. Average salaries vary $30,500 between those who have a high school diploma only and those with master's degrees — $55,500 to $86,000.
About 75% of survey respondents have completed some college, including 14% with a master's.
This year's survey compares compensation by job description, education level, industry experience, fleet size, geographic region, and core business of the company. The survey's average fleet/transportation manager earns $67,230 in annual salary, holds an associate or bachelor's degree, has worked in the industry 15 years, works with a fleet of 688 vehicles, and receives 29 days annually in paid time off. The average workweek is 51 hours weekly.
Experience is also key in landing a bigger paycheck. According to the survey, respondents who had 30 or more years' experience make an average of $24,000 more than those who have less than five years of transportation experience.
Other factors that influence a fleet manager's compensation are the position description and fleet size. According to efleetmgmt, average pay varied $41,000 for non-management employees at the low end to $105,800 for vice-president at the upper scale.
Plus, survey respondents who manage fleets of 2,000 vehicles or more earn an average $25,800 more than those who manage fleets of 50 vehicles and fewer.
efleetmgmt's second annual survey was based on 201 qualified responses from35 states and from Canada. Those responding this year ranged from hourly wage dispatchers to executive vice presidents. They work for more than 175 companies that manage private fleets, dedicated fleets, for-hire firms, and third-party logistics operations. Fleet size ranged from three vehicles to 15,000. Private fleet employees accounted for 75% of those responding.
More than half of survey respondents receive a performance- or profit-based bonus, usually about 10% of their annual salary, according to efleetmgmt.
Employees in the Northeast and Southwest, which includes Southern California, pocketed the largest salaries and bonuses, while the lowest compensation went to those in the Midwest and Northwest.
Copies of the 2003 survey are available by phoning efleetmgmt at 540-399-1010 or visiting the company's web site at www.efleetmgmt.com. The cost is $79; results will be sent via e-mail.
© 2013 Penton Media Inc.
Acceptable Use Policy blog comments powered by Disqus