Recruiting. Its Personal.
the united states remains the world's most prolific manufacturer
- Since the depth of the manufacturing recession in 2002, the sector as a whole has experienced robust and sustained output, revenue, and profit growth.
- The year 2006 was a record year for output, revenues, profits, profit rates, and return on investment in the manufacturing sector.
- Despite all the stories about the erosion of U.S. manufacturing primacy, the U.S. produced two - and - a - half times more output than Chinese factories in 2006.
- The manufacturing sector - consisting of establishments engaged in the mechanical, physical, or chemical transformation of materials, substances, or components into new products - employs a high number of workers, but in a relatively small number of establishments.
Did You Know?
- About 61% of workers in the goods - producing sector (which includes natural resources and mining, and construction) are manufacturing employees, yet manufacturing establishments account for about 27% of goods - producing establishments.
- In the economy as a whole, manufacturing represents about 10.8% of all employment, yet less than 5% of all establishments.
- Annual average employment in manufacturing was above 17 million until the year 2000, before declining. During 2006, manufacturing employment averaged 14,197,000.
- From 2005 to 2006, labor productivity (defined as output per hour) grew by 4% in manufacturing.
Planning the Future of Your Workforce
Make sure that your company is ready to meet the challenges of tomorrow:
- Build pools of prospects by job function and contact them as positions become available.
- Develop formal career plans for employees based on what motivates them to grow, excel and contribute.
- Select people based on broader criteria than industry experience, technical competency, personality and intuition.
- Groom managers for future senior - level roles - there will be few qualified mid - managers available for promotion.
- Work toward developing a workforce consisting of full - time employees supplemented with flexible contractors and consultants.
