2022 was the perfect storm for integration companies in terms of skyrocketing costs for… everything!
While supply chain shortages and inflation certainly took their tolls on lightening dealers’ wallets, it was the escalating cost of labor that appears to have done the most damage. Luckily, the catapulting costs hit during a time of unprecedented demand, with integration companies reporting a remarkable 33% average increase in total revenues in 2022, according to the recent CE Pro 2023 State of the Industry Report revealed in January.
In this report, we share insights gathered from CE Pro’s 2023 Wage, Salary, & Labor Rates Study such as:
- What the wage, salary & labor rates were in 2022, and how much they increased
- How high customer demand allows dealers to accordingly boost their labor rates
- Factors influencing our first gauge of average labor rates since 2021
- Popular compensation models and bonus benefits
Gain insight into all this and more by downloading the CE Pro 2023 Wage, Salary, & Labor Rates Report now!