Mining Labor Survey Sheds Light on Wages and Benefit Plans

- Organization:
- Society for Mining, Metallurgy & Exploration
- Pages:
- 3
- File Size:
- 335 KB
- Publication Date:
- Jan 1, 1990
Abstract
Sixty percent of the mines responding to the sixth annual Mining Cost Service labor survey reported increases in wages averaging 3.4% over the preceding 12 months. Only one mine reported a decrease in wages and this was accompanied by initiation of a substantial profit-sharing plan. Thirty-nine percent reported no change in wages. Thirty-seven percent reported using some form of incentive bonus plan. Mining Cost Service annually surveys coal, metal, and industrial mineral mines throughout the United States. Information about wages, benefits, and incentive bonus plans is part of an extensive data collection program to monitor cost areas of significance to the mining industry. This year, 131 mines responded to the survey. The data is collected by sending questionnaires to personnel managers at active mining operations. The information included in this article was taken from the returned forms, from labor contracts provided by some of the mines, and from followup telephone calls. This year's data was collected between November 1988 and February 1989.
Citation
APA:
(1990) Mining Labor Survey Sheds Light on Wages and Benefit PlansMLA: Mining Labor Survey Sheds Light on Wages and Benefit Plans. Society for Mining, Metallurgy & Exploration, 1990.