The Statistics Committee, chaired by Lee Jepsen, provides information specifically for our Canadian marketplace. This data includes Quarterly Market Reports on how the industry is doing on a national and regional scale that allow members to compare their performance against those results. In addition, the CFPA Executive Report provides our members with a "gut check" of the industry at that moment in time by surveying industry executives on topics such as daily rate of shipments, incoming orders and sales volume.
Both of these reports have been a consistent request from our members. The committee will continue to look at value-added programs to provide additional market insight to CFPA members.
Reports Under Consideration for 2017
The proposed Compensation & Benefits report would be 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 could depend on this report as their benchmark. Included would be graphical information on the types of companies participating, distribution of participants by region and annual revenue, and average industry compensation.
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 futuer programs!