Page 55: of Maritime Logistics Professional Magazine (Q3 2015)

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by the numbers increasing deductibles for health care crafts depicted in the chart below gives bene? ts were the rule, and not the ex- a good snapshot of the state of the in- ception. The average number of paid dustry. Pipe welders get paid the most vacation days earned in the ? rst year of as entry level workers, while ship/struc- employment is up slightly to 6.6 days, tural ? tters take over as the highest paid but at 15 years, it is down from 19 days top level craft.

to 16.8 days. The percent of healthcare premiums employers pay on behalf of Pensions / Retirement Plans: Only employees varies widely from zero per- ten percent (10%) of respondents report- cent (0%) all the way to a high of 70%. ed offering a de? ned bene? t retirement

The Gulf States Shipyard

Likewise, annual out-of-pocket health- program. On the other hand, ninety per-

Consortium on the Web: care deductibles have similar range of cent (90%) of shipbuilding and repair www.gsship.org $0 – to - $2,400. Perhaps the one thing companies reported that they provide that is up is referral or recruiting bonus- either a 401K or pro? t sharing plan. es. Today, 90% of companies pay these None of the skilled labor providers re- typically provide workers paid holidays. bonuses – a clear re? ection of the cur- ported offering any type of retirement, Among shipyards, paid vacation gener- rent job market. 401K or pro? t sharing bene? t. ally varied as a function of the length of

Base Wages: Base wage levels – entry Vacation Days: As with paid holi- tenure with a company, in accordance and top level, for each of the ten (10) days, skilled labor providers do not with the chart show below: + Number of Vacation Days by Years of Employment +

Vacation 1 year 5 years10 years15 years20 years25 years

Days or less 14% 0 57% 5 29% 86% 29% 14% 14% 14% 10 14% 57% 43% 30% 30% 15 14% 43% 43% 43% 20 14% 14% 25 100% 100% 100% 100% 100% 100%

Total 10 Days 15 Days 20 Days 21 Days 25 Days 25 Days

Highest 4 Days 10 Days 11 Days 12 Days 12 Days 12 Days

Lowest 6.6 Days 11 Days 14.7 Days16.8 Days18.3 Days18.3 Days

Average

Source: GSSC | | www.maritimeprofessional.com Maritime Professional 55 50-63 Q3 MP2015.indd 55 9/18/2015 11:32:46 AM