Defense industry salaries – like any salary – need to stay competitive in order to keep the employees you value and recruit new staff. But what is the average aerospace salary? Obviously, starting salaries for aerospace employment will be less than the pay given to seasoned professionals, but it’s also important to determine average defense industry salaries for similar positions for companies in your area.
As a business owner, you’ll want to have accurate, up-to-date defense industry salary information in the following instances:
1. Use salary tools for aerospace and defense employment to help you hire new employees at a fair rate.
2. Use defense industry salary calculators and compensation tools during staff reviews and promotions.
3. Use defense industry salary tools to help you determine fair employee benefits and compensation packages.
Determine fair aerospace salary ranges before hiring new employeesAerospace salaries run the gamut due to several factors, including job type, experience level, company size and location. Deciphering what a specific position is worth can be dizzying, especially if it's for a newly created aerospace job. Fortunately, there are a variety of defense industry salary tools available that are easy to use and typically provide current information on Internet industry compensation.
Stay updated on defense industry salaries to keep employees happyOffering competitive aerospace salaries to a new employee is obviously important, but it's also important to regularly provide fair salary increases to staff members who have tenure, even if they are not getting promoted, to make sure they don't look elsewhere for a pay boost.
Compare aerospace salaries on national job boardsYou can research all day long and find plenty of hypothetical references, but sometimes real-life examples provide the best information. Check your local newspaper's classified section or search online job boards to find average defense salary information from real job postings. Keep a log for a few weeks to see if a pattern emerges.
Keep employee benefits in mind when establishing defense industry salariesFair aerospace salaries are not the only factor to consider when attempting to attract and keep employees. Benefits such as medical and dental insurance, vacation pay, life insurance, flexible hours, casual dress and more are benefits for many workers. Keep all benefits in mind when coming up with salaries for jobs in aerospace.
- If you need to hire new employees to fill aerospace engineering jobs, the same job boards you used to research defense employment are a great place to start your search.