Compensation and Labor Market Competitiveness

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The Manufacturing Institute and Colonial Life were interested in learning more about how companies were competing for talent in a very tight labor market. In data and conversations, manufacturers continue to recount the difficulties that they are having with attracting and retaining workers. Compensation practices have needed to adapt—sharply for some companies—considering the local and national competition for workers, but companies cannot solve these challenges simply by increasing wages and benefits alone. As such, manufacturing firms have turned to other methods to address the skills shortage at their companies.

This webinar will focus the manufacturing experiences highlighted in the recent paper. In addition, there will be a discussion with leaders in the sector about how they are remaining competitive in the race for talent.