by Rachael Pfenninger, director of strategic execution, American Mold Builders Association According to an article published by the American Medical Association in 2020, healthcare spending in the US increased by 4.6% in 2019 – a percentage that was on par with 2018 growth and slightly faster than what was observed in 20171. What is most remarkable, however, isn’t that … [Read more...] about Mold Manufacturers Identify Both Challenges and Opportunities in Healthcare Landscape
Benchmarking
American Mold Builders Increase Salaries to Remain Competitive Amid Surging US Inflation
by Ian Gjertson, data analyst, AMBA The past two years presented critical challenges and obstructions for manufacturers, including a chaotic supply chain network, labor shortages, the unpredictable global pandemic and the highest United States inflation rate since June of 1982 (7%). The American Mold Builders Association (AMBA) recognizes that manufacturing professionals … [Read more...] about American Mold Builders Increase Salaries to Remain Competitive Amid Surging US Inflation
AMBA Provides Key Shop Rate Data to US Mold Manufacturers
by Rachael Pfenninger, director of strategic execution, AMBA Earlier this year, the American Mold Builders Association (AMBA) surveyed US mold manufacturers on business conditions, key economic indicators, profit and other historic data. At that time, the 110 participating respondents identified three key growing challenges – foreign competition, cost pressure and … [Read more...] about AMBA Provides Key Shop Rate Data to US Mold Manufacturers
Continued Hikes in Healthcare Cost Force Employers to Search for Solutions
By Rachael Pfenninger, Director of Strategic Execution, AMBA In AMBA’s recent 2021 Business Forecast Report, mold manufacturers indicated that, on average, healthcare costs accounted for 20% of total company expenditures. This is shockingly high when compared to recent data from the National Compensation Survey (NCS) program, which reported that healthcare costs constituted an … [Read more...] about Continued Hikes in Healthcare Cost Force Employers to Search for Solutions
Workforce Trends, Salary Freezes and New Data in Annual Wage report
By Rachael Pfenninger, director of strategic execution, AMBA When comparing wage data from 2019 to 2020, more than 70% of jobs in the US mold building industry experienced wage increases in 2020. Across the board, mold manufacturing positions experienced an average of a 7% increase in compensation (approximately $1.41 per hour), according to the most recent Wage and Salary … [Read more...] about Workforce Trends, Salary Freezes and New Data in Annual Wage report
AMBA Releases 2020-2021 Wage and Salary Report
On November 24, the American Mold Builders Association (AMBA), Indianapolis, Indiana, announced the release of its annual AMBA Wage and Salary Report. AMBA’s 2020-21 Wage and Salary Report represents the largest compensation study focused on the United States mold building industry. Now in its tenth year, this report contains comprehensive analyses on over 50 job … [Read more...] about AMBA Releases 2020-2021 Wage and Salary Report