Chip Shortage Temporarily Shuts Down Some GM Factories
This article discusses how General Motors’ factories in Fort Wayne, Indiana; Wentzville, Missouri; Spring Hill, Tennessee; and Lansing, Michigan have been affected by a shortage in computer chips. General Motors, the parent company of GMC, Chevrolet, Buick, and Cadillac, will see a halt in production involving their “most profitable vehicles, including pickup trucks and SUVs.” […]
Is Rent-A-Robot the Answer to the Manufacturing Labor Shortage?
In this article, Silicon Valley looks to persuade smaller companies with rent-a-robot, so that companies can allow paying higher wages to their employees. With the rise in better technology and the need to pay higher wages, venture capitalists are “backing a new financial model: lease robots, install and maintain them, charge factories by the hour […]
Amazon Launches New Hub Creating More Than 2,000 Jobs
This article discusses groundbreaking news out of the Cincinnati/Northern Kentucky International Airport that Amazon Air launched an air cargo hub at the location. The $1.5 billion investment will create thousands of jobs that include management, robotics technology, and load planning. This effort is designed to more efficiently “meet the needs of its growing customer base […]
Attracting Talent in the Manufacturing Industry
This article discusses a problem that has been witnessed for many years now within the manufacturing industry, filling open positions. Even though entry-level manufacturing jobs offer higher average pay than most, people are still reluctant to work within the industry. Specifically, the article states that “There’s that image of manufacturing beings dark, dirty and dangerous.” […]
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 […]