MRAA releases 2022 Compensation Study Results
Oct 24, 2022
On October 10, 2022, The Marine Retailers Association of the Americas announced that it has released its 2022 MRAA Compensation Study results, which detail the compensation ranges for 37 common positions from five job families: front office, sales, service, parts and accessories, and marina.
With the 2022 Compensation Study, more than 980 position-level responses were collected from a total of 103 retail locations for this in-depth report, which was created in response to an industry-driven desire to identify staffing and compensation trends for dealership employees across North America. The results of the study are being shared with the industry through an executive summary and a full report.
“Persistent workforce challenges throughout the marine industry mandate that our dealers think about and approach hiring and retention in all-new ways, based on the trends and data impacting today’s marketplace,” says Matt Gruhn, MRAA President. “MRAA’s updated Compensation Study helps dealers make the best decisions possible on compensation levels and programs, as well as the benefits they offer their teams. This timely Compensation Study offers the insights they’ll need, specific to today’s marketplace.”
The full 36-page Compensation Study report boasts insights into salary and hourly compensation ranges for 37 common marine retail job descriptions. When MRAA released the Compensation Study in 2017, only 35 positions were reported. It dives into benefits offered at retail operations, year-over-year compensation increases, additional cash compensation packages, and much more. It breaks down compensation by 25th, 50th and 75th percentiles.
“This relevant data gives our dealers a better view of compensation levels,” explains Gruhn, “so they can stay abreast on what’s trending within the boating workforce and remain competitive in the marketplace through their compensation and benefits practices.”
Those businesses that participated in the survey were emailed a copy of the executive summary, a high-level overview of the study, including salary information on the most common dealership positions, as well as a link to the full report and a promo code for a $50 discount on the package.
The MRAA Compensation Study full report can be purchased for just $299 USD. MRAA Retail and Partner Members receive a $50 discount if they are logged in upon purchase. The reports can be purchased here.
