The manufacturing industry has been quickly improving over the past few years due to the advent of technology, such as warehouse management systems and inventory control software. Perhaps in part due to this, the recent The Randstad Manufacturing and Logistics Employee Confidence Index, which measure overall confidence from manufacturing and logistics employees, finds that there was a rise of 0.3 points in the third quarter to 52.2. About 53 percent of these employees believe their companies have a strong future, a 6 percent improvement.
"Manufacturing and logistics companies have an active and fluctuant business workload as we head into the fourth quarter. As a result, they're turning more and more toward staffing firms to fill the talent gap and meet the quality and quantity of people they need to be productive," said Phyllis Finley, executive vice president at Randstad U.S.
Another number from this report shows that 14 percent less said they would actively look for a new job this quarter than in the second quarter. Growth projections from the report reached 56.4 percent, a 0.2 percent increase from September.
The confidence from these employees is up big time from earlier this year, which saw a dip from the end of 2012 to the beginning of 2013. Randstad's report then said there was a 3.6 percent decline from the 2012 fourth quarter to the 2013 first quarter, which saw a score of 51 for the index. Even then, Finley was quite confident in the industry, saying the dip may be an irregularity due to uncertainty surrounding gas prices, payroll taxes and the sequester which was happening at this point.
There will always be surrounding issues that affect the manufacturing industry but tools such as NAV Dynamics and barcode inventory systems should give employees and their companies more confidence.
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