I recently read an article in Modern Salon, with exciting news about the potential and stability of the beauty industry.
A study was recently carried out in 330 salon locations across 36 states, representing approximately $184 million in payroll compensation. The study involved the submission of W2 earnings from 3,391 employees and a 50-question survey that gathered both qualitative and quantitative information. The study team wrote the survey and a think tank was assembled to review it for any methodology errors or biases.
The Study findings were revealing. Previously published statistics on beauty professionals showed low hourly wages and little opportunity for growth. This updated research tells a different story.
Here are the results of the study:
· The average hourly rate for a salon professional in the study was $38.37/hour.
· 24% of those surveyed earned more than $48.08/hr—the amount necessary to earn $100k+/year if adjusted to a 40-hour work week.
· The average W2 was $54,307, but if adjusted to full-time hours, that went up to $79,807.
· Beauty pros enjoy flexibility in their hours. The average amount worked was 27.8 hours per week, and 99% of owners offer scheduling flexibility.
· 96% of salons are offering benefits to employees and 90% offer new hire training programs/ongoing education.
There were many notable findings from the study, which those familiar with the salon industry may not be surprised to learn. But for the first time, we have data to educate owners, professionals, prospective students interested in a career in beauty. One exciting finding in the Study was the potential and stability the beauty industry offers. There are 30+ careers available to beauty pros and 94% of businesses are hiring.
“While other industries are doing mass layoffs or contracting their workforce, the data shows plenty of open jobs in the beauty industry. There’s a level of job security in the beauty industry that other industries don’t provide.”
“The data confirms what many industry insiders know—a career in beauty offers the potential for strong earnings, scheduling flexibility, and the
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