Thursday, March 31, 2022

20 Largest US Special Industrial Machinery Companies' 2020 Median of the Medians Total Employee Compensation Was a Modest $57,944. Two of Them Paid Poverty Wages To At Least Half of Their Employees.

From a review of US SEC filings and the Google Finance website, there are 20 US Special Industrial Machinery Companies with Stock Market Caps above $10 bil recently that disclosed their Median Employee Total Pay and Employee Benefits Compensation for 2020.

From Company Proxy Statements filed with the SEC, the below table shows the Median Total Employee Pay and Benefits of each of these 20 largest US Special Industrial Machinery Companies for annual 2020.  The majority of these Companies have not yet filed their Annual Proxy Statements with the SEC related to annual 2021 Employee Compensation.



A.O. Smith had 68% of its employees located outside of the US.  Its worldwide median employee was paid Total Employee Compensation of $22,826 in 2020 and was a salaried procurement specialist working in a Nanjing, China plant.

Regal Rexnord's worldwide median employee was paid only $13,695 in 2020 and was working in a manufacturing plant in Mexico.  Their US-only median employee was paid a substantially higher $53,561 in 2020.