2014 Fleet Salaries and Retirement Plans
The average fleet salary has increased from last year to $82,732. About one-third of survey respondents said they plan to retire in the next five years.
Thirty-five percent of repsondents reported no change to their salary from the prior year.
Thirty-five percent of repsondents reported no change to their salary from the prior year.
Survey respondents from this year reported higher salaries than last year, averaging $82,732. This year, 63% of respondents said they had received pay increases.
Those who reported salary increases were up this year in comparison to the prior year and significantly higher than 2012 survey results, which is a possible sign of the improving economy. While the vast majority of the raises were 3% or lower, more reported increases of higher than 3% this year than last year.
Those who manage maintenance operations earn significantly more than those who do not oversee maintenance operations, and those overseeing more technicians tend to earn more on average.
About one-third of fleet professionals surveyed plan to retire in the next five years, and only one-third of these fleet professionals have a succession plan in place. Most respondents who have succession plans in place are actively training someone within their own agency to take over.
The survey also asked respondents if they plan to stay at their current agency until they retire — more than one-third of respondents said yes. Those who plan to stay at their agencies are closer to retirement than those who said they may leave.
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