Category: General Interest

January 6, 2023

A Talent Shortage Is the Perfect Time to Invest in Your Existing Team

A Talent Shortage Is the Perfect Time to Invest in Your Existing Team

Jan. 4, 2023 With competition for talent fierce in the New England biotech industry, medical device manufacturer KMC Systems tried a different approach. Scott Leon The med tech and biotech industries are booming in New England. In Massachusetts alone, the biopharma sector grew 13.2% last year, and the state is the largest recipient of NIHRead More

January 3, 2023

Stay for Pay? Companies Offer Big Raises to Retain Workers

Stay for Pay? Companies Offer Big Raises to Retain Workers

Recent record-high wage gains for workers who remain in their jobs are a factor contributing to inflation Employers are giving existing employees more merit and other pay increases to defend against poaching by rivals and avoid the drain of training new workers.PHOTO: RACHEL WOOLF FOR THE WALL STREET JOURNAL By Gabriel T. Rubin Follow andRead More

December 5, 2022

Wage Growth Bounces Back

Wage Growth Bounces Back

Wall Street Journal Wages are probably the best indicator of underlying inflation and they’re going up. Average hourly earnings jumped 0.6% in November from October and 5.1% from a year earlier, up from 4.9%. While that’s in line with the range for 2022, there’s been a recent acceleration: Wages surged at 5.8% annual rate inRead More

November 29, 2022

The Battle for Talent: 3 Manufacturers Share Their Wins

The Battle for Talent: 3 Manufacturers Share Their Wins

Nov. 21, 2022 Sometimes the best solutions have been developed by companies looking to serve their own unique needs. Ethan Karp American manufacturers are missing out on serious revenue due to talent shortages. Last year, the research firm Korn Ferry predicted that unrealized output from manufacturing talent shortfalls will grow to more than $607 billion by 2030.Read More

November 21, 2022

Let’s View Our Employees Like We Do Our Customers

Let’s View Our Employees Like We Do Our Customers

Nov. 17, 2022 Workforce strategies must change for companies to attract the talent necessary to ensure success. Adrienne Selko Successful companies possess intricate customer profiles which enable them to deliver exactly what customers want. Great care, time and research go into developing these profiles. What if employers put that same time and energy into understandingRead More

November 8, 2022

The Great Resignation: Can Marketing Reverse the Trend at Your Company?

The Great Resignation: Can Marketing Reverse the Trend at Your Company?

Posted by Paul Sparrow   If you, like me, are of a certain age, it’s easy to reflect on how different it was to get a job back in the day. Many jobs required an application and a resume, not to mention a one-on-one interview with the hiring manager. Shake his hand firmly, swallow your pride,Read More

October 18, 2022

The Story Employees Tell About Their Jobs Can Determine Retention

The Story Employees Tell About Their Jobs Can Determine Retention

Oct. 16, 2022 If a story about the company that demonstrates company culture is told through the eyes of an employee, it creates a realistic view of company culture increasing retention. Adrienne Selko This statistic says it all. “The average tenure at a company used to be four years and now that number is justRead More

October 17, 2022

People just don’t want to work???

People just don’t want to work???

With jobs going unfilled and nearly two open positions for every job seeker, many people are complaining that since the pandemic, people just don't want to work. IndustryWeek Editor-in-Chief Robert Schoenberger recently discussed those trends with the Austin Regional Manufacturers Association, noting that few of the major employment trends are recent, so solving them will require aRead More

August 25, 2022

The Great Resignation Is Cooling Off

The Great Resignation Is Cooling Off

Over the past two years, Americans were leveraging their current jobs for more pay with competing firms, part of the Great Resignation across the nation. According to the Federal Reserve Bank of New York’s July 2022, Labor Market Survey released on Monday, more Americans are staying at their current firms as the rate of employeesRead More

August 19, 2022

To Address Labor Shortages, Manufacturers Must Become Talent Creators

To Address Labor Shortages, Manufacturers Must Become Talent Creators

Aug. 18, 2022 Upskilling and reskilling of existing employees is also a vital piece of this employment puzzle. Chris Keaveney Our nation is facing a dire shortage of manufacturing workers. The National Association of Manufacturers forecasts that by 2030, the United States could have 2.1 million unfilled manufacturing jobs. A March 2022 survey from Deloitte and the Manufacturing InstituteRead More