Technology and the economy have changed the recruiting landscape for the manufacturing and distribution industry. Based on the 2011 Compensation Data Manufacturing & Distribution survey results, more companies are using cash options as a recruitment tactic in the midst of a struggling economy. From 2010 to 2011, employers offering raises more frequently during the first year increased from 11.2 percent to 12.8 percent.
The methods used to recruit new employees have also changed, with a notable increase in the use of Internet resume databases recruiting. In 2011, more than 55 percent of organizations reported recruiting new hires at schools, up from 49.8 percent in 2010. Advertising on the Internet has also increasingly become a means to recruit employees. In 2010, 75.1 percent of companies recruited at job fairs compared to 78.2 percent in 2011.
Perhaps as a reflection of the recent change in unemployment, more than 95 percent of organizations reported they were actively recruiting as compared to 2010 when 90 percent of employers were recruiting.
“As the economy slowly recovers organizations are challenged with retaining high performing employees,” said Amy Kaminski, director of marketing for Compdata Surveys, the nation’s leading pay and benefit survey data provider. “With the job market opening up, employees are looking to take their next career step, and employers are turning their focus to keeping these employees satisfied.”
A recent Monster.com Workplace Survey confirms this, indicating many are pursuing work again as they did prior to the recession. Employees see this as the time to take control of forwarding their career. Many of those looking for their next career move believe they will find it this year.
Overall, voluntary turnover rates in the manufacturing and distribution industry have seen a slight change between 2010 and 2011, moving up to 6.8 percent this year from 5.9 percent. Distributors and warehouses reported the highest voluntary turnover rate in 2011 at 9.5 percent. In contrast, chemical and pharmaceutical manufacturers reported a 4.2 percent voluntary turnover rate last year.
About the Survey
Compensation Data Manufacturing & Distribution 2011 contains data on more than 450 titles ranging from entry-level to top executives. The results feature data from nearly 1,100 manufacturers and distributors reporting on more than 9,500 locations across the country. The results provide a comprehensive summary of pay data, benefit information and pay practices with an effective date of February 1, 2011.
Compdata Surveys is the nation’s leading compensation and benefits survey data provider. Thousands of U.S. organizations provide data each year ensuring the reliability of our results. Compdata Surveys has been providing comprehensive data at affordable prices to organizations from coast to coast since 1988. For further information about the compensation and benefits surveys, contact Michelle Willis at (800) 300-9570.