by Ashley Turrell, membership & analytics director MAPP Nearly two-thirds of all employees saw a salary increase above the current inflation rate of 1.7% in 2019. And overall, employees at plastics companies saw a compensation increase average of 3% across the board. However, the average compensation increase for jobs is down from last year (5% in 2018), according to the … [Read more...] about Rising Compensation, Increased Turnover Rates and Slow Hiring for Plastics Companies
Benchmarking
Simple and Straight Forward: Four Low-Cost Improvement Ideas
by Ashley Turrell, membership & analytics director MAPP Oftentimes, when organizations think about major improvement ideas, these ideas come with a major price tag. And while the opportunities for improvements in automation and Industry 4.0 continue to grow, it is important that organizations also remember the basics. Below are four examples of simple improvements … [Read more...] about Simple and Straight Forward: Four Low-Cost Improvement Ideas
What’s in a Machine Rate?
by Ashley Turrell, membership and analytics director MAPP When developing and evaluating machine rates for injection molders, there is hardly a one-size-fits-all option. Instead, a myriad of factors come into play, and those variables are unique to each company. Instead of looking at machine rates as a snapshot of data, molders should dive deeper into what variables need to … [Read more...] about What’s in a Machine Rate?
Cost of Benefits Continues to Rise for Manufacturers
by Ashley Turrell, membership and analytics director MAPP On average, manufacturers are spending $1 million per year to offer benefits to their employees, according to a recent report by the Manufacturers Association for Plastics Processors (MAPP) and the Association for Rubber Products Manufacturers (ARPM). The two associations jointly published the 2019 Health and Benefits … [Read more...] about Cost of Benefits Continues to Rise for Manufacturers
Steady Not Stagnant: Strong Performance Continues in 2019
by Ashley Burleson, Membership and Analytics Director MAPP As the industry heads into a new year, the theme that stands out for 2019 is one of maintaining performance, according to the most recent State of the Industry Report released by the Manufacturers Association for Plastics Processors (MAPP). This is not to be confused with stagnation. On the contrary, many plastics … [Read more...] about Steady Not Stagnant: Strong Performance Continues in 2019