Salary Survey Exclusive: Southwest a hot spot for growth, confidence
Plant Engineering’s exclusive Salary Survey appears in the January issue, and it takes an overall look at how plant managers and plant engineers around the country view their job and their future. In drilling down on a regional basis, we find stronger confidence on the West Coast and Southwest.
One-third of plant managers in the Southwest believe their salaries will increase more than 4% in the coming year, compared with the national average of 20%. Plant managers in the Mountain, Pacific and North Central regions also see more likelihood of a larger pay hike than those east of the Mississippi.
By the numbers: My salary will increase 4% or more in 2007:
That correlates to the security plant managers find in their work:
By the numbers: I consider manufacturing a secure career:
Plant managers in the west also see a greater potential for continued growth in their businesses in the coming year:
By the numbers: The number of employees in my department will increase in the coming year:
There was also a great disparity by region in those who believed their departments would shrink in 2007. The national average was 18%, with a range from 24% of Midwest respondents compared to just 6% among Mountain regional managers. It was pretty much uniform on staff sizes remaining the same, however %%MDASSML%% the 53% national averages was within 6 percentage points either way.
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey