The goal of the Statistics Committee, chaired by Lee Jepsen, is to be the Canadian leading source of fluid power market information. Each year, the committee further develops programs and tools to analyze industry trends, determine industry size & industry segmentation, define markets, develop industry outlooks, and to help your company plan its next move. In 2018, the Market Insight committee presented a market update webinar to CFPA members and guest companies in both French and English on May 25th.
Our Market Insight report provides excellent trending information on the markets across Canada and will continue to be refined in future years to provide more granular details. The committee is planning on launching a more detailed market report by expanding the reporting categories to include Hydraulic and Pneumatic hoses & Connectors. We continue to expand our survey questions on the Executive Report and welcome any feedback or comments on how to improve any of the reports released by the committee.
Compensation & Benefits Report
The Compensation & Benefits was published for the first time in 2018. It is the only compensation study specifically targeted at a variety of salaried positions in the fluid power industry. Companies that want to ensure that their compensation program (salary and incentives) is competitive depend on this report as their benchmark. Included are graphical breakdowns, average industry compensation, in addition to multiple benefits benchmarks. Click here for the benefits portion, and click here for the Salary Survey Template.
We are also looking at third party reports which offer a macro view of the Canadian economy to compare with the current CFPA reports. Is the fluid power market following or leading the overall market? We can help identify market drivers which affect our business. The idea is to break the fluid power market down regionally and by larger markets e.g. manufacturing, resources.
Contact firstname.lastname@example.org to get involved and have your voice heard in future programs!