Article about US manufacturing Industry - Sponsored Whitepaper

Article about US manufacturing Industry
Sponsored by:
Business Industrial Network Logo
Business Industrial Network
Download Entire Whitepaper
How the US Manufacturing Industry Deals with Recession

Saint Louis, MO, November 17, 2009 -- A PSA by Business Industrial Network (BIN) about methods for US Manufacturing Industry to adjust for the knowledge vacuum caused by retiring baby boomers with training, while dealing with tight budgets during a recession. The press release article is by BIN president, Don Fitchett.

This article is in response to our survey of 200 companies who requested training quotes, but did not follow through with actual training for their employees in the last two years. Out of 50 who have responded so far, an amazing 40% indicated training budgets were cut, due to the current US economic decline.

Ironically, the training solutions required to train the new workforce entering the market so they can adequately replace retiring baby boomers is also an applicable solution to aid manufacturing companies in surviving the recession. For the biggest part of manufacturing history, training was wrongly viewed as an overhead cost, but in recent years the manufacturing industry has come to recognize the great cost savings realized by increased training.

But what we are starting to see, brought on by the recession, is employee training being set as a low priority again, making it one of the first budgets to get cut. US Manufacturing industry runs the risk of falling into the old paradox manufacturers experienced in the past; “You can't get training because budgets are cut, you can't increase budget because downtime cost has increases due to lack of training”. Very similar and parallel to the paradox “You can't get a good job because of lack of training and experience, and you can't get good training and experience because of lack of a good job”.
Download Entire Whitepaper
Related Links
Bag Collectors
Chute Gates
Conveyor Belt Scales
Conveyor Parts
Conveyors
Crushing Conveyors
Dust Collector Accessories
Flexible Screw Conveyors
Leaf Filters
Magnetic Conveyors
Mechanical Conveyors
Miscellaneous Conveyors
Pneumatic Conveyors
Powder and Bulk Solids Handling Val...
Powder and Dust Filtration
Powder and Solids Feeders
Screen Media Technology
Screens
Sifters
Strainers

Chemicals Categories
Agrochemicals
Asset Tracking and Automatic Data C...
Biochemical
Bulk Chemical
Catalysts, Absorbents and Inhibitor...
Chemical Industries
Coatings And Adhesives
Communications
Consulting and Professional Service...
Contract Manufacturing
Data Management
Distributors And Wholesalers
Dyes And Pigments
Enterprise Applications
Environmental and Safety
Environmental Control Systems & Cle...
Finance and Administration
Food and Beverage
Industrial Equipment
Information Security
Inorganic Compounds
IT Management
Lab Management
Manufacturing Equipment
Manufacturing Machining, Controls a...
Manufacturing Software
Marketing and Sales
Mobility
Network Management
Organic Compounds
Packaging and Labeling
Petrochemical
Plant and Facility Security
Plant and Property Management
Plastics and Polymers
Process Chemicals
Supply Chain and Logistics
Test and Measurement
Textiles Nonwovens
Water and Wastewater Management

Other Questex Directories
Chemical Yellow Pages
Health Tech
Pharma Tech
Hotel World Network
Communications Tech
Technology Direct
Process Flow Direct
Supply Tech
Packaging Direct
Med Tech
Waste & Waste Water Direct
Secure Tech
Finance Tech
Image Tech
Jazd B2B
Copyright © 2014, Questex Media Group LLC
Company descriptions and contact information are quoted from the company's website or other promotional information. Questex is not responsible for the accuracy of this information. Unless specifically noted, Questex is not sponsored by, affiliated with or otherwise connected with any of the listed companies.