What are the Pros and Cons of Performance-Based Pay
This article is designed for business owners that are considering switching from traditional payment to performance-based salaries within their company. The advantages of this structure are the improvements to the recruitment process, increased employee retention and productivity, and sets clear expectations. However, the cons are that it is risky, can create a negative work environment, […]
Factories of the Future
This article discusses how the world we live in is becoming highly digitalized, and the manufacturing industry is no exception. For example, emerging trends such as the market for consumer package goods, predictive maintenance, big data security, and artificial intelligence utilization are all expected to have a significant impact in the next few years. Additionally, […]
Challenges Facing Businesses in 2021
This article discusses what small business owners should be anticipating as we continue to move forward following the Coronavirus pandemic. Specifically, the ADPSmall Business @ Work Survey yielded many trends such as problems with cash flow, capacity constraints, and supply chain disruption. In addition, remote work is here to stay as well as the need […]
Best Retirement Plans for 2021
This article discusses how retirement planning is important no matter what stage you are at in your career. According to a 2019 survey, “only about half of current employees understand the benefits offered to them.” by being proactive in this process, you will have a better understanding of the benefits that you are offered, and […]
Cities Where Manufacturing is Thriving
This article discusses both the long-lasting importance of the manufacturing industry in the US economy as well as the newest cities where manufacturing is now thriving. Specifically, “the Midwest accounted for 26 out of the top 50 cities, while the South accounted for 13. Western cities accounted for 9 of the top 50, while only […]
11 Trends to Follow in 2021
This article discusses how the coronavirus pandemic interrupted the manufacturing industry in a drastic way. However, because of this disruption, many new trends were formed within the industry. For example, employee health and safety, technology utilization, going green, and predictive maintenance are all trends expected to have a significant impact in 2021 and beyond. Be […]
New Manufacturing Opportunities
This article discusses how U.S. government funding for semiconductor production and research could pose a huge opportunity for manufactures. With the world becoming more and more digitalized, funding is pouring into technology development such as semiconductor processing chips. Further, “a global shortage of semiconductor chips, caused by factors including a rise in demand for electronic […]
Manufacturing and Ecommerce
This article discusses how, like most industries, technology is having a significant impact on the manufacturing industry. Specifically, the role of e-commerce and how manufacturers should approach this service are all outlined. Whether it is expected online sales growth, buyer-to-buyer expectations, or possessing a modern platform, manufacturing should be gearing up for a wave of […]