When it comes to location, the highest average paycheck (about $129K annually) can be spotted in Novi, Mich.; Auburn Hills, Mich. ($85K), Toledo, Ohio (approximately $75K), and Troy, Mich. ($73K) are the next top-paying cities. High paychecks are not found in Howell, Mich.; in fact, at around $50K it is one of the worst-paid cities. Across Magna International's U.S. offices, employees in the state of Alabama earn the most, taking home $93K per year.
Nearing the top of the pay scale are Materials Managers, Manufacturing Production Managers, Human Resources Managers, and Process Engineers; while the first receives the highest median pay at $93K annually, the other salaries come in at $93K, about $88K, and approximately $65K, respectively. Product Engineers make an average around $60K, close to the bottom of the company pay scale.
Years of Experience
For those with five to nine years of experience, average earnings amount to $76K per year. Workers who have been with the company for more than one year but less than five can make approximately $62K annually on average. The largest fraction of Magna International people (29 percent) have been working for 10-19 years and earn about $83K per year on average.
Certifications and Degrees
Engineer in Trainings earn around $80K annually, far more than their non-accredited counterparts. Earning an OSHA Forklift Operator Certification certification garners significant financial rewards of $78K per year on average. Those with a Bachelor of Science in Human Resources Management (HRM) at Magna International come out on top, and their salaries approach $83K annually.
When it comes to skills, Inventory Management seems to bolster pay the most; employees who claim proficiency also enjoy a median income of $92K per year. Microsoft Office also popped up often in the survey as an important skill; nearly one in four of employees surveyed report using it at work. Engineering Design, Project Management, and Microsoft Excel are also desirable skills.
Benefits and Perks
Paid time off is hard to come by at Magna International; the company rewards only one in three respondents with paid vacation time and only one in seven employees with sick leave. A large number of workers participate in the company's 401(k) retirement savings plan. Perks cover health insurance for the vast majority of respondents and dental coverage for most workers. Some other advantages of working at Magna International are a subsidized cell phone, life insurance, a casual working environment, and tuition reimbursement.