Executive Briefings

Talent Management Is Issue Across the Board, But It's Acute in Manufacturing, Survey Suggests

All companies struggle to attract and retain top talent. But in recent years, as manufacturing has heated up, this problem threatens to slow down growth in that segment in particular.

Prime Advantage, a buying group for manufacturing firms, has monitored this issue for small and mid-sized industrial manufacturers over the past seven years through a regular survey of its 750-plus members. The survey, known as the Prime Advantage Purchasing and Manufacturing Survey, showed that while companies are growing and looking to hire, finding qualified workers is becoming harder.

The latest Purchasing and Manufacturing Survey from Prime Advantage, conducted in August 2014, showed that 50 percent of manufacturing company members expected to make new hires in the last half of the year. This hiring trend has steadily improved over the past five years.

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Prime Advantage, a buying group for manufacturing firms, has monitored this issue for small and mid-sized industrial manufacturers over the past seven years through a regular survey of its 750-plus members. The survey, known as the Prime Advantage Purchasing and Manufacturing Survey, showed that while companies are growing and looking to hire, finding qualified workers is becoming harder.

The latest Purchasing and Manufacturing Survey from Prime Advantage, conducted in August 2014, showed that 50 percent of manufacturing company members expected to make new hires in the last half of the year. This hiring trend has steadily improved over the past five years.

Read Full Article