Experts see optimism, challenges for 2012
As 2012 begins, manufacturing continues to lead the U.S. economy in its slow climb back to prosperity.
Plant Engineering staff
As 2012 begins, manufacturing continues to lead the U.S. economy in its slow climb back to prosperity. Industry experts from a variety of disciplines see the challenges ahead, but also see room for steady growth in the year ahead. Unemployment crept down to 8.3% in February, and new job initiatives are being announced daily as manufacturing continues to find a foothold.
Four industry leaders have studied manufacturing as it began 2012, and offer their views on where we’re at, and where we’re going.
To read about their views, click the links below:
- McGladrey: ‘Cautious confidence’ requires a global view
- Underwriters Laboratory: Sustainable manufacturing will attract customers
- Fed Letter: Why are manufacturers struggling to hire high-skilled workers?
- NGM Report: Sustainability a smart strategy
Also, be sure to read the results of the 2011 Salary Survey.
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2012 Salary Survey
In a year when manufacturing continued to lead the economic rebound, it makes sense that plant manager bonuses rebounded. Plant Engineering’s annual Salary Survey shows both wages and bonuses rose in 2012 after a retreat the year before.
Average salary across all job titles for plant floor management rose 3.5% to $95,446, and bonus compensation jumped to $15,162, a 4.2% increase from the 2010 level and double the 2011 total, which showed a sharp drop in bonus.