Recession mfgupdate

  • View
    1.413

  • Download
    2

Embed Size (px)

Transcript

  • 1.SHRM Poll: The Ongoing Impact of theRecessionManufacturing Industry2012 Update June 22, 2012

2. The Ongoing Impact of the Recession:Manufacturing IndustryIntroductionKey FindingsOrganizations Financial HealthHiringRecruiting ChallengesDemographicsMethodologySHRM Poll: The Ongoing Impact of the Recession 2012 UpdateManufacturing Industry SHRM 2012 2 3. Introduction This report compares the results of three SHRM polls on the impact of the recessionon U.S. organizations in the manufacturing industry: The Ongoing Impact of the RecessionManufacturing Industry April 2012 Manufacturing industry only The Ongoing Impact of the Recession August 2011 Eight industries: manufacturing; construction, mining, oil and gas; federal government; finance; health; state and local government; servicesprofessional; high-tech 2010 Post-Recession Hiring January 2010 Eight industries: manufacturing; construction, mining, oil and gas; federal government; finance; health; state and local government; servicesprofessional; high-tech SHRM Poll: The Ongoing Impact of the Recession 2012 UpdateManufacturing Industry SHRM 20123 4. Key Findings: Organizations Financial HealthManufacturing Industry What percentage of staff have organizations laid off since the U.S. and globalrecession began in December 2007? Overall, nearly three-quarters (72%) ofrespondents from the manufacturing industry indicated they had lost 10% ofemployees or less in 2012, a slight increase from 66% in 2011. In 2010, fewer thanone-half (43%) of these organizations had reported losing less than 10% ofemployees. How does organizations financial health compare to 12 months ago? In 2012,almost three-quarters (73%) of organizations in the manufacturing industryreported mild to significant improvement in organizational financial healthcompared with a year ago. This is an increase from 59% in both 2011 and 2010. Thepercentage of manufacturing organizations that were in a significant recoveryincreased from 6% in 2010 to 19% in 2011. SHRM Poll: The Ongoing Impact of the Recession 2012 UpdateManufacturing Industry SHRM 20124 5. Key Findings: HiringManufacturing Industry Are organizations currently hiring? The majority (75%) of respondents from themanufacturing industry are currently hiring. This number has not changed over thepast seven months (from August 2011 to April 2012), but has increased from 51% in2010. Are organizations creating new positions or replacing jobs lost? In 2012 and 2011,more than one-half of organizations (52% and 54%, respectively) in themanufacturing industry were hiring direct replacements of jobs lost since therecession began, an increase compared with 2010 (42%). Fewer organizations werehiring for completely new positions in 2012 (36%) and 2011 (32%) than in 2010(48%). SHRM Poll: The Ongoing Impact of the Recession 2012 UpdateManufacturing Industry SHRM 20125 6. Key Findings: Recruiting ChallengesManufacturing Industry Is recruiting for specific jobs difficult in the current labor market? Amongorganizations that are currently hiring full-time staff, more than two-thirds (67%) ofrespondents from the manufacturing industry indicated that their organizations arehaving a difficult time recruiting for specific open jobs. When recruiting for jobs thatrequire new and different skill sets, more organizations in the manufacturingindustry have found it difficult to find qualified individuals for these positions in2012 (74%) and 2011 (72%) compared with 2010 (43%). What types of jobs are the most difficult to fill? The top five most difficult positionsto fill for the manufacturing industry are high-skilled technical positions (e.g.,technicians and programmers) (91%), scientists (89%), engineers (87%), managersand executives (83%), and skilled trades (e.g., electricians, carpenters) (79%).SHRM Poll: The Ongoing Impact of the Recession 2012 UpdateManufacturing Industry SHRM 2012 6 7. The Ongoing Impact of the Recession:Manufacturing Industry Organizations Financial HealthSHRM Poll: The Ongoing Impact of the Recession 2012 UpdateManufacturing Industry SHRM 2012 7 8. Thus far, what percentage of full-time jobs have been lost at yourorganization since the U.S. and global recession began in December2007? Manufacturing Industry Not applicabledid not lay off any26%2012 (n = 445) 21% staff2011 (n = 357)72% (2012)28% 2010 (n = 341) 1% to 5% of staff25% 66% (2011)18% 6% to 10% of staff20% 10% or less (2012 & 2011 data) 72% 66%*Less than 10% (2010 data) 43%11% to 20% of staff (2012 & 2011 data)12%17%* 10% to 20% (2010 data) 32% 13% 21% to 50% of staff14%22%3%More than 50% of staff 2%3%Note: Percentages may not total 100% due to rounding. An asterisk (*) indicates 2010 data had different categories than 2011 and 2012 data: Less than10% of staff and 10% to 20% of staff. SHRM Poll: The Ongoing Impact of the Recession 2012 UpdateManufacturing Industry SHRM 2012 8 9. Thus far, what percentage of full-time jobs have been lost at yourorganization since the U.S. and global recession began in December2007? Manufacturing IndustryComparisons by organization sectorPrivately owned for-profit organizations are more likely to have laid off no staff compared with publicly owned for-profitorganizations.Privately owned for-Publicly owned for-profitDifferences based on organization sectorprofit organizationsorganizationsPrivately owned for-profit >30% 20% publicly owned for-profitNote: Only statistically significant differences are shown. Comparisons based on 2012 data. SHRM Poll: The Ongoing Impact of the Recession 2012 UpdateManufacturing Industry SHRM 20129 10. Compared with 12 months ago, would you say your organizationsoverall financial health is improving, has not changed or is declining?Manufacturing Industry 2012 (n = 443)24% 2011 (n = 359)Significant improvement19% 6%2010 (n = 339)49%Mild improvement40%53%14% No change compared with 12 months17% ago 22%11% Mild decline19%14% 2% Significant decline4% 5%Note: Percentages may not total 100% due to rounding. SHRM Poll: The Ongoing Impact of the Recession 2012 UpdateManufacturing Industry SHRM 201210 11. The Ongoing Impact of the Recession:Manufacturing IndustryHiringSHRM Poll: The Ongoing Impact of the Recession 2012 UpdateManufacturing Industry SHRM 2012 11 12. Is your organization currently hiring full-time staff?Manufacturing Industry75%Yes 75%51%2012 (n = 444)2011 (n = 360)2010 (n = 335) 25%No 25%49%SHRM Poll: The Ongoing Impact of the Recession 2012 UpdateManufacturing Industry SHRM 2012 12 13. At what level(s) is your organization hiring?Manufacturing Industry86% Nonmanagement hourly employees 85% 66% Nonmanagement salaried employees 64%2012 (n = 331)52% 2011 (n = 268) Other management (e.g., directors, managers)54% 13% Executive/upper management (e.g., CEO, CFO)20%Note: Percentages do not total 100% due to multiple response options. Only respondents whose organizations were currently hiring full-time staff wereasked this question. SHRM Poll: The Ongoing Impact of the Recession 2012 UpdateManufacturing Industry SHRM 201213 14. At what level(s) is your organization hiring? Manufacturing IndustryComparisons by organization staff sizeLarger organizations (100 or more employees) are more likely to be hiring nonmanagement salaried employees compared withsmaller organizations (1 to 99 employees). Smaller organizations Larger organizations Differences based on organization staff size100 to 499 employees (66%)500 to 2,499 employees (69%) 1 to 99 employees (36%) Larger organizations > smaller organizations2,500 to 24,999 employees (81%)25,000 or more employees (82%)Note: Only statistically significant differences are shown. Comparisons based on 2012 data.SHRM Poll: The Ongoing Impact of the Recession 2012 UpdateManufacturing Industry SHRM 201214 15. At what level(s) is your organization hiring? (continued)Manufacturing IndustryComparisons by organization sectorPublicly owned for-profit organizations are more likely to be hiring other management (e.g., directors, managers)compared with privately owned for-profit organizations.Privately owned for-Publicly owned for-profitDifferences based on organization sectorprofit organizationsorganizations Publicly owned for-profit >46%61% privately owned for-profitPublicly owned for-profit organizations are more likely to be hiring nonmanagement salaried employees compared withprivately owned for-profit organizations.Privately owned for-Publicly owned for-profitDifferences based on organization sectorprofit organizationsorganizations Publicly owned for-profit >61%75% privately owned for-profitPrivately owned for-profit organizations are more likely to be hiring nonmanagement hourly employees compared withpublicly owned for-profit organizations.Privately owned for-Publicly owned for-profitDifferences based on organization sectorprofit organizationsorganizationsPrivately owned for-profit >91% 80%publicly owned for-profitNote: Only statistically significant differences are shown. Comparisons based on 2012 data. SHRM Poll: The Ongoing Impact of the Recession 2012 UpdateManufacturing Industry SHRM 201215 16. Which of the following best describes, in general, the nature of full-timepositions your organization is currently hiring?Manufacturing Industry 36% Completely new positions32% 48% 12% 2012 (n = 329)New duties added to jobs lost (e.g., due to2011 (n = 263)14%layoffs, attrition) since the recession began 2010 (n = 168) 10% 52%Direct replacements of jobs lost (e.g., due to 54%layoffs, attrition) since the recession began 42%Note: Only respondents whose organizations were currently hiring full-time staff were asked this question.SHRM Poll: The Ongoing Impact of the Recession 2012 UpdateManufacturing Industry SHRM 2012 16 17. Compared with the skills required for jobs lost since the recessionbegan, do these completely new positions require any of the followingskills?Manufacturing Industry 11% 2012 (n = 118)Completely new and different skills 2011 (n = 78) 14% 67%A mixt