Manufacturing is an important part of the American economy. A Deloitte survey revealed that eight in ten people believe that US manufacturing is important to maintain the country’s standard of living. But one-third of Americans say they wouldn’t encourage their children to pursue a manufacturing career. Why is this?
Seventy seven percent of respondents report they worry about the security and stability of manufacturing,70 percent say it doesn’t offer a strong career path and another 64 percent say manufacturing jobs don’t pay enough. However, by taking a closer look at these misperceptions, the statistics point to very different conclusions.
Misperception No. 1: Manufacturing isn’t secure or stable
By January 2019, around 12.84 million people were employed in the American manufacturing industry. In December of 2018 there was an increase of 32,000 manufacturing positions. According to Business Insider’s “Top 10 best industries for job security,” plastic and rubber manufacturing had a 9.6 percent job growth in five years. The average job tenure is five years. Transportation equipment manufacturing saw a 12.4 percent growth in employment in the last five years with an average job tenure of 5.7 years.
Misperception No. 2: Manufacturing isn’t a strong career path
SME estimated that there could be 3.5 million manufacturing jobs available in the next ten years. Deloitte reported that there could be 2.4 million unfilled positions between 2018 and 2028. That’s a lot of open job prospects. As automation becomes commonplace, there is an increased need for highly skilled workers to maintain the equipment.
Because of the skills gap and the lack of workers to fill positions in high demand, more manufacturers are offering opportunities for upskilling and skills development. As reported by Robert Half and Enactus, 91percent of Generation Z workers cited professional training as an important factor when choosing an employer. For electrical maintenance professionals, for example, using 3D simulation training software helps provide a safe and engaging environment where they can learn and better their skills. It offers an opportunity for employees to continuously improve.
Misperception No. 3: Manufacturing doesn’t pay enough
According to an SME report, the average compensation for manufacturing workers is $64,010 for hourly workers and $111,731 for salary workers. This also includes base pay, bonuses and commissions, and dividends and stock options. Manufacturing jobs could also come with a company care or mobile phone. In addition, 68 percent of hourly workers and 73 percent of salary workers reported an increase in salary in 2018.
For comparison, in 2019, the average wage for a full-time hourly or salary worker who works a 40-hour work week in the US is around $46,800.
Opportunities in Manufacturing
As the numbers show, manufacturing can offer a rich and rewarding career. Due to recent reshoring efforts and more manufacturing investment in the US, the industry has seen high job growth rates over the past couple years. Even more jobs are expected to open up in manufacturing that offer far better salaries than the average American wage. But, more importantly, it offers opportunities for professional development.
To fill the demand of open manufacturing positions, the industry must invest in training for their workforce. Having a cost-effective as well as efficient, scalable innovative training system will be crucial for upskilling future manufacturers.
The good news is training no longer is confined to traditional methods, such as classrooms and apprenticeships. Simulation software is becoming an increasingly important tool for training, especially electrical troubleshooters. As manufacturing continues to see an increase in job growth, simulation training software can help bridge the skills gap and train the next generation of maintenance professionals.
Follow Troubleshooting Thursdays
Tune in to Troubleshooting Thursdays for reliable tips, general troubleshooting process, and industry insights. Stay up to date with Simutech Multimedia:
- LinkedIn: Simutech Multimedia Inc
- YouTube: Simutech Multimedia
- Instagram: @simutechmultimedia
- Twitter: @SimutechTrain
Have a subject you would like Troubleshooting Thursdays to cover? Send Simutech Multimedia an email at [email protected].
Looking to give simulation learning a try? Get started with our award-winning first solution here: Get Demo.