LMT's Exclusive 2012 Wage Survey Report: Earnings Down, Staffs Lean

By Kim Molinaro

Posted Sep 12, 2012 in LMT Surveys


Uncertainty prevails among the respondents to LMT's 2012 Wage Survey and they're being cautious about rehiring or raising wages. On a positive note, more than half saw an uptick in business in the first part of 2012.



Although more than half of respondents to LMT's 2012 Wage Survey saw an uptick in business in the first part of 2012, they're taking a wait-and-see attitude and being cautious about rehiring or raising wages until they're confident the upswing will continue. "With the uncertainty in our industry and the economy, I'm hesitant to do too much—hire, buy equipment, etc. I'm working hard and hoping for stability in all aspects of what we do," says a lab owner from Idaho, echoing the overall sentiment of our respondents (see "How's Business: Q1 2012 Compared to 2011" at right).


In light of the tenuous economy, more than three quarters of survey participants have taken cost-cutting measures that impact their personnel. Nearly half of...

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About The Author

  • Kim Molinaro

    Managing Editor at LMT Communications, Inc. · West Hartford, CT

    In her 25+ years with LMT, Kim has managed to combine her creative flair—infusing energy into our content and orchestrating some of our most popular theme issues—with the practical focus of keeping our processes...

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