Inside the manufacturing revival
Plant managers talk about their challenges, and their success
With the 2008 recession behind us, how is manufacturing doing? The short answer is: Pretty well. Whatever fears there may be over national or global issues haven’t stopped local expansion and local optimism for the near-term.
Over the past few months, Plant Engineering has been in contact with plant managers all over the country to ask a few basic questions: What’s working, what still needs work, and above all, what is fueling this optimism? The answers vary by industry, but they have a remarkably consistent ring to them.
Call it a revival, or a renaissance or a surge. Manufacturing in the U.S. clearly leads the world in both productivity and swagger. The veterans in Europe struggle with a balky economy, and the new kids on the block in China have seen some growing pains. What’s important is that manufacturing in the U.S. is winning on its own merits by building high quality, safety and productivity into its manufacturing DNA. They are winning not because others have failed, but because they have succeeded.
These are a few of those stories…
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Annual 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.