Wages and Benefits
Wage and Benefit Survey
LEDA partners annually with the Lubbock Chamber of Commerce, Workforce Solutions South Plains and The Lubbock Chapter of the Society of Human Resource Managers to conduct a Wage and Benefit Survey. The goal of the survey is to capture the current wage and benefit information of Lubbock employers. The information gathered aims to be a complete and accurate representation of Lubbock's workforce and industry composition.
The 2014 survey identified 516 occupations in all industry sectors and levels to determine current wage rates in Lubbock. In addition, the survey asked questions regarding the benefit packages offered by local employers – information that is currently unavailable through any other survey.
The Lubbock median hourly rate for all occupations is 19 percent below the Texas median hourly rate of $15.55 and 24.6 percent below the national median hourly rate of $16.71.
In most occupational categories, the median wage in the Lubbock MSA falls well below the national wage range. For higher skilled jobs in medicine, law, engineering, etc., the national wage spectrum is wide, so a low local median in these categories is more significant than for lesser skilled occupational groups where the national wage ranges are much narrower.
In most occupational categories, the median wage in the Lubbock MSA falls well below the national average.
Download the complete graph.
Workers’ compensation is a state-regulated insurance system that provides covered employees with income and medical benefits if they are injured on the job or have a work-related injury or illness. Workers’ compensation insurance coverage limits an employer’s liability if an employee brings suit against the employer for damages. In Texas, private employers can choose whether or not to carry workers’ compensation insurance coverage.
Click here to find out more about workers’ compensation.