Logistics Engineers rake in the most money, with average earnings of $71K annually; Operations Managers come in second with average earnings amounting to approximately $65K, while Financial Analysts and Logistics Analysts rank near the top as well ($59K and $52K, respectively). Materials Coordinators are among the lowest paid at a median salary of around $42K.
When it comes to location, the highest average paycheck (about $67K per year) can be spotted in Dearborn, Mich.; Sacramento, Calif. ($61K), Beachwood, Ohio ($60K), and Erlanger, Ky. (around $55K) are the next top-paying cities. Approaching the lower end of the pay scale (at $43K) is Reading, Pa. By state, the highest pay levels are found in Ohio, where the average Penske Logistics employee makes approximately $60K annually.
Years of Experience
For those with five to nine years of experience, average earnings amount to about $49K per year. The largest slice of the Penske Logistics workforce (38 percent) has been working for one to four years and earns, on average, $49K annually.
Certifications and Degrees
Certified Six Sigma Green Belts are compensated at a much higher rate than non-authorized workers, bringing in close to around $68K per year. Earning a Forklift Certification certification garners significant financial rewards of approximately $45K annually on average. Regarding salaries and education, Penske Logistics pays those with a Master of Science (MS) the most — $90K.
Employees who count Project Management among their skills enjoy higher pay; the median for this group is $75K per year. Microsoft Excel also popped up often in the survey as an important skill; about a third of employees surveyed report using it at work. Some other standard skills here are Logistics, Operations Management, and Data Analysis.
Penske Logistics' employees who answered the questionnaire are more likely to be male — the male-to-female ratio is more than 3 to 1.
Benefits and Perks
With an eye toward the future, Penske Logistics offers several choices in retirement planning such as a 401(k) plan and a company pension plan. Penske Logistics provides health insurance to nearly all respondents, and most workers do receive dental coverage. Some other perks are a subsidized cell phone, tuition reimbursement, a casual working environment, and life insurance.