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
Human Resources
Workforce Development: The Long Game
by Brittany Willes, contributing writer, The American Mold Builder Manufacturing industries have struggled with labor shortages for years, and the problem only is expected to get worse. According to Forbes, “[T]he long-standing fact remains that there’s a wide disparity between the number of people entering the field of manufacturing and the needs of the industry. Estimates … [Read more...] about Workforce Development: The Long Game
Healthcare Trends to Influence 2021 Insurance Rates
By Dianna Brodine, managing editor, The American Mold Builder Predicting health insurance rates for 2021 is a difficult task. In some ways, the pandemic has resulted in declining healthcare costs in the current year: Individuals have reduced nonemergency visits to physicians and hospitals, and telehealth appointments have become more prevalent. On the other side of the coin, … [Read more...] about Healthcare Trends to Influence 2021 Insurance Rates
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
Recruiting the Next-Generation Workforce
By Brittany Willes, contributing writer, The American Mold Builder Prior to the coronavirus pandemic, one of the key issues facing leadership across nearly every industry was that of recruiting and retaining the next generation of employees. For the mold- and toolbuilding industries, workforce development is especially crucial as the older generation – often with decades of … [Read more...] about Recruiting the Next-Generation Workforce