Manufacturing and Distribution Employment and Compensation Outlook for 2024
Grappling with both new and age-old staffing challenges, U.S.-based manufacturing and distribution leaders are turning to innovative strategies and compensation structures to stay competitive in a disruptive market.
Amid challenges with automation, inflationary wage pressures, and a rising demand for domestic production, recruiting and retaining staff continue to be a top-of-mind issue for manufacturing and distribution companies. It’s never been more important to have a clear understanding of where you stand versus your competitors and the different ways to hire and keep skilled employees.
EisnerAmper's Manufacturing and Distribution Group together with Compensation Resources recently conducted a survey of industry companies during the fourth quarter of 2023 to gain specific insights on what they are experiencing in the labor market. Combining niche-industry research with the findings of this survey, we've assembled a comprehensive overview of what manufacturing and distribution leaders can expect in 2024 and how to take advantage of new opportunities.