Manufacturing recovery needs new skilled workers
Older employees leaving with experience, talent poses challenge
Oshkosh Corporation recently had a job fair where there were 8,000 applicants for 600 positions. The specialty truck manufacturer hasn't been able to fill them all and that doesn't surprise economist Jeffrey Sachse.
"As we have moved into recovery, a major challenge is to identify what workers and skills the region needs to be more competitive," Sachse told a Tuesday gathering at The Chamber of Manitowoc County.
"The big demand we have now is finding people to fill new demand," Sachse said.
Many older workers in manufacturing are exiting and taking with them critical experience and skills, said Sachse, whose talk was titled, "Growth and Challenges in a Changing Economy — 2011 and Beyond."
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- Edited by Amanda McLeman, Plant Engineering, www.plantengineering.com
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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.