Hartford Business Journal Special Editions

STUFF Made in Connecticut - Fall 2017

Issue link: https://nebusinessmedia.uberflip.com/i/883962

Contents of this Issue

Navigation

Page 29 of 85

3 0 S T U F F • F a l l 2 0 1 7 M A N U FA C T U R I N G PAY The Price is Right Manufacturing workers reap salaries above their peers in other industries By Kaitlyn Mode Connecticut manufacturing professionals take home an average of $79,456 a year, that's a roughly $10,000 increase from where wage averages sat in 2007, at $69,368. Yet shockingly, private manufacturing companies are still fighting an ever- widening talent gap. At an average salary of almost $80,000, according to the Bureau of Labor Statistics, private manufacturing professionals make more than those working in education, health services and those in the private business sector. With so much money on the table, it's a wonder young talent isn't knocking down industry doors. "The surge in this industry is consistent; there is a greater need than ever before for people to get into manufacturing and employers are willing to take risks on young individuals who have soft, 21st Century skills," said Elliot Ginsberg, president and CEO at the Connecticut Center for Advanced Technology (CCAT). "They're willing to pay, and pay well, for employees both with and without hard skills." Entry-level pay: $25K-$60K According to Ginsberg, employers are hunting for workers who are willing to learn on-the-job, and are increasingly invested in those who are career driven. "Entry level workers are starting at $12-$15 an hour," said Ginsberg. "And entry-level engineers make even more, typically taking home between $50,000- $60,000 a year." According to Ginsberg, salary growth projections will continue as long as demand is high – and for non-degree workers, demand is staggering. "This is an economic pathway," says Ginsberg. "You don't need to attend an expensive school or achieve pricy certifications to succeed in manufacturing. You can get started with no experience, learn and grow on-the-job, and make money from day one. More importantly, you'll gain job security as you go, and you'll avoid accruing student debt." Ginsberg and his team at CCAT are encouraging kids and high school graduates to consider the many advantages the industry has to offer. "Big companies know where to find engineers, and there are plenty to choose from," said Ginsberg. "As far as finding technicians, machinists and technologists, we simply aren't producing a number that meets demand." Mid-level pay: $62K-$80K Not only are companies willing to invest in on-the-job training, they're also providing monetary incentives for employees who want to grow and excel within their rolls. "The salary cap in this is industry is high," says Paul Murphy, chairman of CCAT's Advanced Manufacturing Employer Partnership (AMEP) and president of Farmington manufacturer Mallory Industries Inc. "It is common for mid-level machinists to make $30 an hour, plus many companies are bonus centric and offer enticing benefits in order to attract and retain skilled workers." Manufacturing companies realize the competition is stiff. Mid-level employees have options, and competing companies will commonly outbid each other to attract, or keep, valuable players. Adam Lagassie, a setup technician at Technical Industries in Winsted, is no stranger to the allure of job hopping. He says on several occasions he was tempted to switch companies on the premise of higher pay and even better benefits. "They're willing to pay, and pay well, for employees both with and without hard skills." Elliot Ginsberg President & CEO CCAT Paul Murphy Chairman, CCAT AMEP & President of Mallory Industries Inc.

Articles in this issue

Archives of this issue

view archives of Hartford Business Journal Special Editions - STUFF Made in Connecticut - Fall 2017